Mizuho Securities Co. Ltd. Takes $66,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Mizuho Securities Co. Ltd. bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 500 shares of the company’s stock, valued at approximately $66,000.

Other hedge funds have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its holdings in PepsiCo by 10,622.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,704,199 shares of the company’s stock valued at $314,000 after purchasing an additional 34,380,553 shares during the period. BlackRock Inc. grew its holdings in PepsiCo by 2.4% during the fourth quarter. BlackRock Inc. now owns 97,102,071 shares of the company’s stock valued at $10,727,836,000 after purchasing an additional 2,275,511 shares during the period. Thoroughbred Financial Services LLC grew its holdings in PepsiCo by 13,410.8% during the second quarter. Thoroughbred Financial Services LLC now owns 1,806,262 shares of the company’s stock valued at $180,626,000 after purchasing an additional 1,792,893 shares during the period. California Public Employees Retirement System grew its holdings in PepsiCo by 34.2% during the fourth quarter. California Public Employees Retirement System now owns 6,285,045 shares of the company’s stock valued at $694,372,000 after purchasing an additional 1,600,360 shares during the period. Finally, Railway Pension Investments Ltd bought a new position in PepsiCo during the second quarter valued at $16,182,000. 71.26% of the stock is owned by institutional investors.

In other news, CEO Steven C. Williams sold 2,420 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $133.95, for a total transaction of $324,159.00. Following the transaction, the chief executive officer now directly owns 54,920 shares of the company’s stock, valued at $7,356,534. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Ramon Laguarta sold 15,431 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $129.43, for a total value of $1,997,234.33. Following the transaction, the chairman now directly owns 232,394 shares in the company, valued at $30,078,755.42. The disclosure for this sale can be found here. Insiders have sold 27,424 shares of company stock worth $3,548,173 over the last ninety days. Insiders own 0.28% of the company’s stock.



Several equities analysts have weighed in on PEP shares. Goldman Sachs Group set a $132.00 price objective on PepsiCo and gave the company a “neutral” rating in a report on Wednesday, April 24th. Macquarie raised their price target on PepsiCo from $126.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Jefferies Financial Group raised their price target on PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a report on Wednesday, July 10th. Morgan Stanley raised their price target on PepsiCo from $137.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, Royal Bank of Canada set a $115.00 price target on PepsiCo and gave the stock a “neutral” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $129.35.

NASDAQ PEP traded down $0.03 during trading hours on Wednesday, reaching $129.90. 692,390 shares of the stock traded hands, compared to its average volume of 4,786,230. The firm has a 50 day moving average price of $130.92. PepsiCo, Inc. has a 1 year low of $104.53 and a 1 year high of $135.24. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.66 and a current ratio of 0.86. The firm has a market cap of $179.80 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 3.34 and a beta of 0.60.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.05. PepsiCo had a return on equity of 59.50% and a net margin of 19.59%. The business had revenue of $16.45 billion for the quarter, compared to the consensus estimate of $16.44 billion. During the same quarter last year, the business posted $1.61 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts expect that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a dividend of $0.955 per share. The ex-dividend date is Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a yield of 2.94%. PepsiCo’s payout ratio is 67.49%.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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