TD Asset Management Inc. Cuts Position in PepsiCo, Inc. (NASDAQ:PEP)

TD Asset Management Inc. lowered its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,215,605 shares of the company's stock after selling 10,100 shares during the period. TD Asset Management Inc. owned 0.09% of PepsiCo worth $184,845,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. Vanguard Group Inc. lifted its stake in PepsiCo by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after acquiring an additional 1,376,133 shares in the last quarter. State Street Corp boosted its holdings in PepsiCo by 5.1% during the third quarter. State Street Corp now owns 57,268,030 shares of the company's stock worth $9,738,429,000 after purchasing an additional 2,775,679 shares during the last quarter. Geode Capital Management LLC grew its position in PepsiCo by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 30,497,268 shares of the company's stock worth $5,170,529,000 after purchasing an additional 543,558 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after buying an additional 3,856,193 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of PepsiCo by 5.2% in the 4th quarter. Bank of New York Mellon Corp now owns 14,013,158 shares of the company's stock worth $2,130,841,000 after buying an additional 689,383 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

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PepsiCo Price Performance

Shares of NASDAQ PEP traded down $0.40 during midday trading on Friday, reaching $149.27. 8,549,260 shares of the stock traded hands, compared to its average volume of 5,875,691. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market capitalization of $204.72 billion, a PE ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52. The company's 50 day moving average is $149.25 and its 200 day moving average is $158.03.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.78 EPS. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Friday, March 7th. PepsiCo's payout ratio is 77.99%.

Analysts Set New Price Targets

PEP has been the subject of several analyst reports. Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price objective for the company. Morgan Stanley reduced their price objective on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Evercore ISI cut their target price on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, CICC Research reiterated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $169.88.

PepsiCo Company Profile

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.