Mizuho Markets Americas LLC Has $5.87 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Mizuho Markets Americas LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 73.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,487 shares of the company's stock after selling 95,920 shares during the period. Mizuho Markets Americas LLC's holdings in PepsiCo were worth $5,865,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PEP. Coastline Trust Co grew its stake in shares of PepsiCo by 1.4% during the 3rd quarter. Coastline Trust Co now owns 22,531 shares of the company's stock worth $3,831,000 after purchasing an additional 312 shares during the period. Northcape Wealth Management LLC increased its stake in PepsiCo by 0.5% in the 3rd quarter. Northcape Wealth Management LLC now owns 34,118 shares of the company's stock valued at $5,802,000 after purchasing an additional 170 shares in the last quarter. Altrius Capital Management Inc boosted its position in shares of PepsiCo by 5.2% in the 3rd quarter. Altrius Capital Management Inc now owns 24,883 shares of the company's stock worth $4,232,000 after buying an additional 1,219 shares in the last quarter. Insight 2811 Inc. grew its stake in PepsiCo by 10.5% in the 3rd quarter. Insight 2811 Inc. now owns 2,106 shares of the company's stock valued at $358,000 after acquiring an additional 200 shares during the last quarter. Finally, Empowered Funds LLC raised its position in PepsiCo by 9.2% during the third quarter. Empowered Funds LLC now owns 99,785 shares of the company's stock worth $16,968,000 after acquiring an additional 8,406 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Down 4.0 %

NASDAQ PEP traded down $6.53 during trading on Friday, reaching $158.62. The company's stock had a trading volume of 9,108,948 shares, compared to its average volume of 4,996,625. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $217.63 billion, a PE ratio of 23.40, a PEG ratio of 2.96 and a beta of 0.53. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41. The business has a 50-day moving average price of $170.82 and a 200-day moving average price of $171.53.

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

Analysts Set New Price Targets

A number of research firms have issued reports on PEP. Barclays reduced their target price on shares of PepsiCo from $186.00 to $183.00 and set an "overweight" rating on the stock in a report on Thursday, October 10th. TD Cowen cut PepsiCo from a "buy" rating to a "hold" rating and cut their price objective for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. JPMorgan Chase & Co. cut their price target on PepsiCo from $185.00 to $183.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. Royal Bank of Canada lowered their price target on PepsiCo from $177.00 to $176.00 and set a "sector perform" rating on the stock in a research report on Friday, October 4th. Finally, Redburn Atlantic raised PepsiCo to a "strong sell" rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $183.92.

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.