Mufg Securities Americas Inc. Buys 6,110 Shares of PepsiCo, Inc. $PEP

Mufg Securities Americas Inc. boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 25.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 30,387 shares of the company’s stock after buying an additional 6,110 shares during the quarter. Mufg Securities Americas Inc.’s holdings in PepsiCo were worth $4,012,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Evelyn Partners Investment Management Services Ltd boosted its holdings in shares of PepsiCo by 197.8% in the 2nd quarter. Evelyn Partners Investment Management Services Ltd now owns 64,753 shares of the company’s stock valued at $9,019,000 after buying an additional 43,008 shares during the last quarter. Evelyn Partners Investment Management LLP increased its holdings in PepsiCo by 750.8% during the second quarter. Evelyn Partners Investment Management LLP now owns 48,877 shares of the company’s stock worth $6,454,000 after buying an additional 43,132 shares during the last quarter. Evelyn Partners Asset Management Ltd bought a new stake in PepsiCo during the second quarter worth $1,292,000. Journey Strategic Wealth LLC lifted its stake in PepsiCo by 2.4% in the second quarter. Journey Strategic Wealth LLC now owns 216,128 shares of the company’s stock valued at $28,537,000 after acquiring an additional 5,091 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of PepsiCo by 19.5% in the 2nd quarter. Franklin Resources Inc. now owns 15,577,073 shares of the company’s stock valued at $2,056,797,000 after acquiring an additional 2,541,455 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.2%

PEP stock opened at $146.33 on Friday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $165.13. The company has a market capitalization of $200.08 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. The company’s 50-day simple moving average is $145.37 and its 200 day simple moving average is $140.46. 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 (NASDAQ:PEP) last posted its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the previous year, the firm posted $2.31 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, December 5th. PepsiCo’s payout ratio is 108.17%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PEP. BNP Paribas Exane cut their target price on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Citigroup reduced their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Rothschild & Co Redburn increased their price target on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research note on Monday, October 13th. HSBC raised their price target on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a report on Friday, October 10th. Finally, Piper Sandler decreased their price objective on shares of PepsiCo from $162.00 to $161.00 and set an “overweight” rating on the stock in a report on Friday. Seven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $156.90.

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.