Trading Report: The Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Acquires 7,849 Shares of PepsiCo Inc. (PEP)

The Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Acquires 7,849 Shares of PepsiCo Inc. (PEP)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in PepsiCo Inc. (NYSE:PEP) by 3.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 255,000 shares of the company’s stock after buying an additional 7,849 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in PepsiCo were worth $27,015,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Piershale Financial Group Inc. raised its position in shares of PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock valued at $106,000 after buying an additional 4 shares in the last quarter. Palisade Capital Management LLC NJ raised its position in PepsiCo by 0.3% in the first quarter. Palisade Capital Management LLC NJ now owns 3,251 shares of the company’s stock worth $333,000 after buying an additional 11 shares during the period. Dynamic Advisors Solutions LLC raised its position in PepsiCo by 0.6% in the first quarter. Dynamic Advisors Solutions LLC now owns 4,548 shares of the company’s stock worth $466,000 after buying an additional 26 shares during the period. NewSquare Capital LLC raised its position in PepsiCo by 1.8% in the second quarter. NewSquare Capital LLC now owns 1,578 shares of the company’s stock worth $167,000 after buying an additional 28 shares during the period. Finally, Tradewinds Capital Management LLC raised its position in PepsiCo by 1.9% in the second quarter. Tradewinds Capital Management LLC now owns 2,203 shares of the company’s stock worth $233,000 after buying an additional 41 shares during the period. Institutional investors own 70.04% of the company’s stock.

PepsiCo Inc. (NYSE:PEP) traded up 0.41% during trading on Friday, hitting $107.07. 3,378,934 shares of the stock traded hands. The company has a market cap of $153.56 billion, a P/E ratio of 23.49 and a beta of 0.46. The firm has a 50-day moving average price of $106.51 and a 200 day moving average price of $105.70. PepsiCo Inc. has a 52-week low of $93.25 and a 52-week high of $110.94.

PepsiCo (NYSE:PEP) last announced its quarterly earnings results on Thursday, September 29th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.08. The company had revenue of $16 billion for the quarter. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.35 EPS. On average, equities analysts expect that PepsiCo Inc. will post $4.81 EPS for the current year.

A number of research analysts have weighed in on PEP shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $118.00 price objective on shares of PepsiCo in a research note on Wednesday, August 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $121.00 price objective on shares of PepsiCo in a research note on Friday, September 30th. Credit Agricole SA reaffirmed an “outperform” rating on shares of PepsiCo in a research note on Monday, August 22nd. Bank of America Corp. reaffirmed a “buy” rating and issued a $120.00 price objective on shares of PepsiCo in a research note on Thursday, September 22nd. Finally, Zacks Investment Research lowered shares of PepsiCo from a “hold” rating to a “sell” rating in a research note on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $113.68.

PepsiCo Company Profile

PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

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