PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 682.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 829,500 shares of the company's stock after buying an additional 723,504 shares during the period. PepsiCo makes up about 0.4% of Mizuho Securities USA LLC's investment portfolio, making the stock its 29th largest holding. Mizuho Securities USA LLC owned 0.06% of PepsiCo worth $141,056,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Global Wealth Strategies & Associates raised its holdings in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock worth $27,000 after acquiring an additional 59 shares during the last quarter. Highline Wealth Partners LLC purchased a new position in shares of PepsiCo in the third quarter worth $28,000. POM Investment Strategies LLC boosted its position in shares of PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company's stock valued at $30,000 after buying an additional 106 shares during the last quarter. Summit Securities Group LLC bought a new stake in PepsiCo in the 2nd quarter worth about $30,000. Finally, Rakuten Securities Inc. raised its position in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock worth $34,000 after buying an additional 96 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of PepsiCo from $180.00 to $179.00 and set a "hold" rating for the company in a research note on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $185.00 to $183.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. StockNews.com raised PepsiCo from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Bank of America cut their price objective on shares of PepsiCo from $190.00 to $185.00 and set a "buy" rating for the company in a report on Monday, September 30th. Finally, Morgan Stanley downgraded shares of PepsiCo from an "overweight" rating to an "equal weight" rating and set a $185.00 target price on the stock. in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $183.92.

PepsiCo Stock Down 4.0 %

Shares of PEP traded down $6.53 during mid-day trading on Friday, hitting $158.62. The company's stock had a trading volume of 9,108,948 shares, compared to its average volume of 5,466,003. The firm has a market capitalization of $217.63 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 3.07 and a beta of 0.53. The company's 50-day moving average is $170.82 and its 200-day moving average is $171.56. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.30 by $0.01. The company had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $2.25 earnings per share. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo 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.