Mizuho Markets Americas LLC Has $4.80 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Mizuho Markets Americas LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 64.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,243 shares of the company's stock after purchasing an additional 11,049 shares during the quarter. Mizuho Markets Americas LLC's holdings in PepsiCo were worth $4,797,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Cerity Partners LLC grew its holdings in PepsiCo by 59.4% during the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company's stock worth $168,747,000 after buying an additional 370,122 shares in the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of PepsiCo by 0.4% in the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company's stock valued at $4,747,000 after purchasing an additional 102 shares during the last quarter. Meadow Creek Wealth Advisors LLC bought a new position in shares of PepsiCo during the fourth quarter valued at about $405,000. Manchester Capital Management LLC grew its position in PepsiCo by 1.4% in the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company's stock worth $2,243,000 after purchasing an additional 185 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC increased its stake in PepsiCo by 34.5% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company's stock valued at $2,091,000 after buying an additional 3,159 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the business's stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the transaction, the chief executive officer now directly owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Citigroup raised PepsiCo from a "neutral" rating to a "buy" rating and upped their target price for the company from $180.00 to $195.00 in a report on Monday, February 12th. JPMorgan Chase & Co. lifted their target price on PepsiCo from $178.00 to $181.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft increased their price target on shares of PepsiCo from $181.00 to $184.00 and gave the company a "hold" rating in a research report on Friday, February 9th. Jefferies Financial Group lifted their price objective on shares of PepsiCo from $209.00 to $211.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, StockNews.com downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $187.58.

PepsiCo Stock Performance

PEP stock traded down $0.92 during midday trading on Friday, reaching $182.19. 4,449,107 shares of the company's stock traded hands, compared to its average volume of 5,024,147. The firm has a market capitalization of $250.47 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 2.99 and a beta of 0.52. The company has a 50-day moving average price of $173.04 and a two-hundred day moving average price of $169.68. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $192.86. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.09. The business had revenue of $18.25 billion for the quarter, compared to analysts' expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.50 EPS. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.17 EPS for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Friday, June 7th. This is a positive change from PepsiCo's previous quarterly dividend of $1.27. PepsiCo's dividend payout ratio is 76.09%.

About PepsiCo

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.

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