Mizuho Securities USA LLC Has $19.77 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Mizuho Securities USA LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 46.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 130,033 shares of the company's stock after purchasing an additional 40,964 shares during the period. Mizuho Securities USA LLC's holdings in PepsiCo were worth $19,773,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in PepsiCo in the fourth quarter valued at $589,307,000. Charles Schwab Investment Management Inc. raised its holdings in PepsiCo by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after purchasing an additional 3,856,193 shares in the last quarter. State Street Corp boosted its stake in shares of PepsiCo by 5.1% during the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company's stock worth $9,738,429,000 after acquiring an additional 2,775,679 shares in the last quarter. Franklin Resources Inc. boosted its position in PepsiCo by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock worth $2,293,049,000 after acquiring an additional 2,264,445 shares during the period. Finally, Swedbank AB increased its position in PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company's stock worth $398,847,000 after purchasing an additional 1,592,343 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 2.1 %

Shares of PEP stock traded up $3.10 on Wednesday, hitting $148.64. 5,881,682 shares of the stock traded hands, compared to its average volume of 5,426,476. The firm's 50-day moving average price is $149.09 and its two-hundred day moving average price is $158.50. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The stock has a market capitalization of $203.86 billion, a PE ratio of 21.39, a PEG ratio of 3.09 and a beta of 0.52.

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PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.65%. PepsiCo's payout ratio is 77.99%.

Analysts Set New Price Targets

Several brokerages have commented on PEP. Citigroup dropped their price target on PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Piper Sandler began coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price target for the company. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. BNP Paribas cut their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. dropped their target price on PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and an average target price of $169.88.

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.