Mitsubishi UFJ Trust & Banking Corp Has $120.13 Million Stock Position in PepsiCo, Inc. $PEP

Mitsubishi UFJ Trust & Banking Corp increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 7.0% during the second quarter, HoldingsChannel reports. The firm owned 909,763 shares of the company’s stock after acquiring an additional 59,857 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in PepsiCo were worth $120,125,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo in the 1st quarter valued at approximately $25,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo during the 2nd quarter valued at $29,000. Frazier Financial Advisors LLC lifted its holdings in shares of PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares in the last quarter. Investment Research & Advisory Group Inc. boosted its position in shares of PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after buying an additional 232 shares during the period. Finally, RMG Wealth Management LLC purchased a new position in shares of PepsiCo during the second quarter valued at $45,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

NASDAQ PEP opened at $145.08 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $198.37 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $166.88. The company has a 50 day moving average price of $145.08 and a two-hundred day moving average price of $139.84.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Bank of America increased their price objective on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a research report on Tuesday, October 21st. Rothschild & Co Redburn raised their price target on shares of PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a report on Monday, October 13th. Piper Sandler upped their price objective on shares of PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Seven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $156.95.

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.