Nomura Holdings Inc. Acquires 64,938 Shares of PepsiCo, Inc. (NASDAQ:PEP)

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Nomura Holdings Inc. boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 43.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 212,755 shares of the company’s stock after acquiring an additional 64,938 shares during the quarter. Nomura Holdings Inc.’s holdings in PepsiCo were worth $23,539,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Semmax Financial Advisors Inc. acquired a new stake in PepsiCo in the fourth quarter valued at about $273,000. Signet Financial Management LLC lifted its stake in PepsiCo by 3.7% during the fourth quarter. Signet Financial Management LLC now owns 2,827 shares of the company’s stock valued at $312,000 after purchasing an additional 100 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in PepsiCo by 11.3% during the fourth quarter. Lord Abbett & CO. LLC now owns 775,409 shares of the company’s stock valued at $85,667,000 after purchasing an additional 78,950 shares during the last quarter. Birch Hill Investment Advisors LLC lifted its stake in PepsiCo by 0.6% during the fourth quarter. Birch Hill Investment Advisors LLC now owns 99,850 shares of the company’s stock valued at $11,031,000 after purchasing an additional 597 shares during the last quarter. Finally, Kings Point Capital Management lifted its stake in PepsiCo by 19.3% during the fourth quarter. Kings Point Capital Management now owns 56,948 shares of the company’s stock valued at $6,292,000 after purchasing an additional 9,213 shares during the last quarter. Hedge funds and other institutional investors own 70.91% of the company’s stock.

Several analysts recently commented on PEP shares. Barclays reissued a “hold” rating and set a $111.00 target price (up from $104.00) on shares of PepsiCo in a research note on Monday, February 18th. Jefferies Financial Group increased their target price on shares of PepsiCo to $119.00 and gave the company a “hold” rating in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Macquarie raised shares of PepsiCo from a “neutral” rating to an “outperform” rating and set a $126.00 target price for the company in a research note on Tuesday, February 19th. Cowen increased their target price on shares of PepsiCo from $124.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. Finally, Morgan Stanley increased their target price on shares of PepsiCo from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $124.65.

PEP stock opened at $133.14 on Thursday. PepsiCo, Inc. has a 52-week low of $104.16 and a 52-week high of $134.71. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 1.99. The company has a market cap of $186.72 billion, a PE ratio of 23.52, a PEG ratio of 3.46 and a beta of 0.62.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Wednesday, April 17th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.05. PepsiCo had a net margin of 19.37% and a return on equity of 65.12%. The business had revenue of $12.88 billion for the quarter, compared to analyst estimates of $12.68 billion. During the same quarter in the previous year, the business earned $0.96 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts anticipate that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.955 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.87%. This is a positive change from PepsiCo’s previous quarterly dividend of $0.93. PepsiCo’s payout ratio is currently 67.49%.

In other PepsiCo news, Chairman Ramon Laguarta sold 15,431 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $129.43, for a total value of $1,997,234.33. Following the transaction, the chairman now owns 232,394 shares in the company, valued at approximately $30,078,755.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Marie T. Gallagher sold 7,800 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $125.99, for a total transaction of $982,722.00. Following the completion of the transaction, the senior vice president now owns 55,665 shares in the company, valued at approximately $7,013,233.35. The disclosure for this sale can be found here. Insiders have sold 48,494 shares of company stock worth $6,173,705 in the last 90 days. 0.28% of the stock is owned by company insiders.

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PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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