TD Private Client Wealth LLC Increases Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

TD Private Client Wealth LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 30.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,871 shares of the company's stock after buying an additional 7,648 shares during the period. TD Private Client Wealth LLC's holdings in PepsiCo were worth $5,590,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in shares of PepsiCo by 17,113.0% during the 3rd quarter. International Assets Investment Management LLC now owns 3,220,385 shares of the company's stock valued at $547,626,000 after buying an additional 3,201,676 shares in the last quarter. State Street Corp raised its holdings in PepsiCo by 5.1% during the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company's stock valued at $9,738,429,000 after acquiring an additional 2,775,679 shares during the period. Swedbank AB lifted its position in shares of PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company's stock worth $398,847,000 after acquiring an additional 1,592,343 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of PepsiCo by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,360,850 shares of the company's stock worth $3,632,413,000 after acquiring an additional 1,125,059 shares during the period. Finally, Legal & General Group Plc grew its position in shares of PepsiCo by 7.2% in the second quarter. Legal & General Group Plc now owns 13,547,547 shares of the company's stock valued at $2,234,400,000 after purchasing an additional 905,468 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

NASDAQ PEP traded down $3.07 on Wednesday, reaching $156.77. 7,920,158 shares of the company's stock traded hands, compared to its average volume of 5,509,125. The stock has a market cap of $215.09 billion, a PE ratio of 23.06, a P/E/G ratio of 2.94 and a beta of 0.52. PepsiCo, Inc. has a 12 month low of $155.85 and a 12 month high of $183.41. The stock has a 50-day simple moving average of $166.39 and a 200 day simple moving average of $169.29. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.01. The business had revenue of $23.32 billion during the quarter, compared to analysts' expectations of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.25 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Friday, December 6th. PepsiCo's payout ratio is currently 79.94%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PEP. Barclays dropped their price objective on PepsiCo from $186.00 to $183.00 and set an "overweight" rating on the stock in a report on Thursday, October 10th. TD Cowen lowered shares of PepsiCo from a "buy" rating to a "hold" rating and cut their price objective for the company from $190.00 to $183.00 in a research report on Thursday, October 10th. Royal Bank of Canada decreased their target price on shares of PepsiCo from $177.00 to $176.00 and set a "sector perform" rating on the stock in a report on Friday, October 4th. StockNews.com raised shares of PepsiCo from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. Finally, Morgan Stanley downgraded PepsiCo from an "overweight" rating to an "equal weight" rating and set a $185.00 price objective on the stock. in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, PepsiCo has an average rating of "Hold" and a consensus target price of $183.92.

PepsiCo 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.