Toronto Dominion Bank Has $132.21 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Toronto Dominion Bank lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 777,482 shares of the company's stock after selling 77,364 shares during the quarter. Toronto Dominion Bank owned approximately 0.06% of PepsiCo worth $132,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Global Wealth Strategies & Associates boosted its stake in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock valued at $27,000 after buying an additional 59 shares in the last quarter. Highline Wealth Partners LLC acquired a new position in PepsiCo in the third quarter worth $28,000. POM Investment Strategies LLC boosted its stake in PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company's stock worth $30,000 after purchasing an additional 106 shares in the last quarter. Summit Securities Group LLC acquired a new position in PepsiCo in the second quarter worth $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in PepsiCo in the third quarter worth $31,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Down 1.8 %

NASDAQ:PEP traded down $2.94 on Wednesday, reaching $156.90. The company's stock had a trading volume of 3,524,114 shares, compared to its average volume of 5,490,254. PepsiCo, Inc. has a 1-year low of $155.85 and a 1-year high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The firm has a market cap of $215.27 billion, a PE ratio of 23.54, a PEG ratio of 2.94 and a beta of 0.52. The business's 50-day moving average price is $166.62 and its two-hundred day moving average price is $169.42.

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

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.45%. PepsiCo's dividend payout ratio (DPR) is presently 79.94%.

Analysts Set New Price Targets

PEP has been the topic of a number of recent analyst reports. Barclays reduced their price objective on PepsiCo from $186.00 to $183.00 and set an "overweight" rating on the stock in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped their target price on PepsiCo from $180.00 to $179.00 and set a "hold" rating for the company in a research report on Wednesday, October 9th. Hsbc Global Res upgraded PepsiCo to a "hold" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $185.00 to $183.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. Finally, Bank of America dropped their target price on PepsiCo from $190.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company's stock. According to data from 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.