PepsiCo, Inc. (NASDAQ:PEP) Stake Lowered by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,763 shares of the company's stock after selling 16,239 shares during the period. TD Waterhouse Canada Inc.'s holdings in PepsiCo were worth $17,753,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Collier Financial purchased a new position in shares of PepsiCo in the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC purchased a new stake in PepsiCo during the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at approximately $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo during the 4th quarter worth $30,000. Finally, Summit Securities Group LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $33,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on PEP. Piper Sandler began coverage on PepsiCo in a research report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price objective for the company. Evercore ISI set a $140.00 price target on PepsiCo in a report on Thursday. BNP Paribas lowered their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Morgan Stanley lowered their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday. Finally, Wells Fargo & Company reduced their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus price target of $162.00.

PepsiCo Price Performance

PepsiCo stock traded down $1.93 during trading hours on Friday, hitting $133.38. 11,534,107 shares of the company traded hands, compared to its average volume of 6,151,052. PepsiCo, Inc. has a 1-year low of $131.83 and a 1-year high of $183.41. The firm has a market cap of $182.91 billion, a P/E ratio of 19.19, a P/E/G ratio of 3.09 and a beta of 0.49. The firm's 50-day simple moving average is $147.91 and its two-hundred day simple moving average is $154.18. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.52 by ($0.04). The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo's payout ratio is 77.99%.

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.