SBI Securities Co. Ltd. Grows Position in PepsiCo, Inc. $PEP

SBI Securities Co. Ltd. raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 23.1% during the second quarter, HoldingsChannel reports. The firm owned 18,281 shares of the company’s stock after purchasing an additional 3,435 shares during the period. SBI Securities Co. Ltd.’s holdings in PepsiCo were worth $2,414,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PEP. Ironwood Investment Counsel LLC increased its holdings in PepsiCo by 2.2% during the second quarter. Ironwood Investment Counsel LLC now owns 42,905 shares of the company’s stock valued at $5,665,000 after buying an additional 912 shares during the period. National Pension Service raised its position in shares of PepsiCo by 3.8% in the 2nd quarter. National Pension Service now owns 2,986,735 shares of the company’s stock worth $394,368,000 after acquiring an additional 109,484 shares in the last quarter. Westbourne Investment Advisors Inc. lifted its stake in shares of PepsiCo by 15.5% during the 2nd quarter. Westbourne Investment Advisors Inc. now owns 11,950 shares of the company’s stock worth $1,578,000 after purchasing an additional 1,600 shares during the last quarter. Advyzon Investment Management LLC boosted its position in PepsiCo by 61.8% during the second quarter. Advyzon Investment Management LLC now owns 4,659 shares of the company’s stock valued at $615,000 after purchasing an additional 1,779 shares in the last quarter. Finally, STF Management LP grew its stake in PepsiCo by 2.5% in the second quarter. STF Management LP now owns 21,385 shares of the company’s stock valued at $2,824,000 after purchasing an additional 520 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ PEP opened at $144.39 on Thursday. The company has a market cap of $197.43 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 3.56 and a beta of 0.45. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The stock’s fifty day moving average price is $145.00 and its 200 day moving average price is $139.87. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $166.88.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the previous year, the business earned $2.31 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PEP. UBS Group lowered their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. DZ Bank upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research note on Tuesday, October 21st. Royal Bank Of Canada cut their price target on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Jefferies Financial Group increased their price objective on PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a report on Friday, October 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. Seven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $156.95.

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.