TD Asset Management Inc Has $163.33 Million Position in PepsiCo, Inc. $PEP

TD Asset Management Inc cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,138,054 shares of the company’s stock after selling 49,042 shares during the quarter. TD Asset Management Inc’s holdings in PepsiCo were worth $163,334,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MH & Associates Securities Management Corp ADV acquired a new position in PepsiCo during the 4th quarter worth about $29,000. Imprint Wealth LLC acquired a new position in PepsiCo during the 3rd quarter worth about $31,000. Strategic Advocates LLC acquired a new position in shares of PepsiCo in the 3rd quarter valued at about $33,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at about $33,000. Finally, Evolution Wealth Management Inc. lifted its stake in shares of PepsiCo by 47.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 232 shares of the company’s stock valued at $33,000 after purchasing an additional 75 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. UBS Group dropped their price objective on PepsiCo from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. The Goldman Sachs Group boosted their price objective on PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Rothschild & Co Redburn boosted their price objective on PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Wells Fargo & Company dropped their price objective on PepsiCo from $165.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $170.11.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $142.15 on Friday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $171.48. The firm has a market capitalization of $194.29 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 2.58 and a beta of 0.35. The business has a 50-day simple moving average of $152.40 and a 200 day simple moving average of $152.58. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The business had revenue of $19.44 billion during the quarter, compared to analyst estimates of $18.89 billion. During the same period in the previous year, the company posted $1.48 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, research analysts anticipate that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s dividend payout ratio is presently 92.94%.

About PepsiCo

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.