Nomura Asset Management Co. Ltd. Has $152.91 Million Stock Holdings in PepsiCo, Inc. $PEP

Nomura Asset Management Co. Ltd. reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 16.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,158,073 shares of the company’s stock after selling 221,782 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.08% of PepsiCo worth $152,912,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PEP. JSF Financial LLC boosted its stake in shares of PepsiCo by 3.8% in the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock valued at $250,000 after purchasing an additional 69 shares during the last quarter. Dogwood Wealth Management LLC boosted its position in PepsiCo by 15.4% during the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock valued at $73,000 after acquiring an additional 72 shares during the last quarter. Joel Isaacson & Co. LLC grew its holdings in PepsiCo by 0.5% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock worth $2,180,000 after acquiring an additional 74 shares during the period. Bull Street Advisors LLC lifted its stake in shares of PepsiCo by 0.4% in the 2nd quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock valued at $2,628,000 after purchasing an additional 74 shares during the period. Finally, Guardian Wealth Advisors LLC boosted its position in shares of PepsiCo by 1.6% during the 2nd quarter. Guardian Wealth Advisors LLC now owns 4,562 shares of the company’s stock valued at $602,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Citigroup dropped their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. Wells Fargo & Company upped their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a report on Friday, October 10th. BNP Paribas Exane decreased their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Finally, Loop Capital set a $164.00 price target on PepsiCo in a research note on Thursday, October 23rd. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus price target of $156.95.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $145.85 on Monday. The stock has a market cap of $199.43 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 3.56 and a beta of 0.45. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $165.13. The firm’s 50-day simple moving average is $144.95 and its 200 day simple moving average is $140.06.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, topping 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 firm had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the prior year, the business posted $2.31 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

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.