Mizuho Securities USA LLC Sells 20,217 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Mizuho Securities USA LLC reduced its holdings in PepsiCo, Inc. by 15.5%, selling 20,217 shares, and now holds 109,816 shares valued at approximately $16.47 million.
• PepsiCo reported earnings of $2.12 per share for the last quarter, exceeding analysts' predictions of $2.03, with revenues of $22.73 billion surpassing estimates of $22.28 billion.
• The company announced a quarterly dividend of $1.4225 per share, which represents an annualized dividend yield of 3.9% and a payout ratio of 103.64%.

Mizuho Securities USA LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 15.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,816 shares of the company's stock after selling 20,217 shares during the quarter. Mizuho Securities USA LLC's holdings in PepsiCo were worth $16,466,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its position in PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after purchasing an additional 21,859 shares during the last quarter. Ignite Planners LLC raised its holdings in shares of PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after buying an additional 151 shares in the last quarter. Ossiam raised its holdings in shares of PepsiCo by 138.9% in the 4th quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after buying an additional 42,793 shares in the last quarter. Graybill Wealth Management LTD. acquired a new stake in PepsiCo during the 1st quarter valued at $3,633,000. Finally, OMERS ADMINISTRATION Corp increased its stake in shares of PepsiCo by 12.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after buying an additional 13,461 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.2%

Shares of PEP traded down $0.34 during trading hours on Monday, hitting $144.87. The stock had a trading volume of 5,772,177 shares, compared to its average volume of 9,407,565. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.73. The firm has a market capitalization of $198.34 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 3.87 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a 50 day simple moving average of $135.98 and a 200-day simple moving average of $140.57.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter last year, the firm earned $2.28 EPS. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PEP shares. Cowen reiterated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $148.00 target price on shares of PepsiCo in a research report on Tuesday, June 24th. UBS Group decreased their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Bank of America reduced their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $158.73.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.