Daiwa Securities Group Inc. Has $45.59 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Daiwa Securities Group Inc. increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 276,395 shares of the company’s stock after acquiring an additional 26,343 shares during the quarter. Daiwa Securities Group Inc.’s holdings in PepsiCo were worth $45,586,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC grew its position in shares of PepsiCo by 77.5% in the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 69 shares during the last quarter. POM Investment Strategies LLC grew its holdings in PepsiCo by 141.3% in the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after buying an additional 106 shares in the last quarter. Summit Securities Group LLC bought a new position in PepsiCo during the 2nd quarter worth $30,000. Fortis Group Advisors LLC lifted its holdings in shares of PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 97 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new stake in shares of PepsiCo in the first quarter valued at about $35,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.5 %

Shares of NASDAQ PEP opened at $178.19 on Tuesday. The stock has a 50-day moving average price of $171.27 and a two-hundred day moving average price of $171.24. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $183.41. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The company has a market cap of $244.76 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 3.06 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The business had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. During the same quarter in the prior year, the firm earned $2.09 EPS. The firm’s revenue was up .8% compared to the same quarter last year. As a group, analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.04%. PepsiCo’s dividend payout ratio is presently 78.66%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. BNP Paribas initiated coverage on PepsiCo in a research note on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target for the company. Barclays increased their price target on PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. TD Cowen dropped their price objective on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Finally, Bank of America reduced their target price on PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $185.53.

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.