TD Asset Management Inc. Sells 10,100 Shares of PepsiCo, Inc. (NASDAQ:PEP)

TD Asset Management Inc. lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.8% during the fourth quarter, Holdings Channel reports. The firm owned 1,215,605 shares of the company’s stock after selling 10,100 shares during the period. TD Asset Management Inc.’s holdings in PepsiCo were worth $184,845,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Collier Financial acquired a new stake in shares of PepsiCo in the 4th quarter valued at $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo during the 4th quarter worth $30,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo in the third quarter valued at about $31,000. Bay Harbor Wealth Management LLC acquired a new position in PepsiCo during the fourth quarter worth about $34,000. Finally, Human Investing LLC bought a new position in shares of PepsiCo in the fourth quarter worth about $39,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $145.54 on Wednesday. The business has a 50-day moving average price of $149.09 and a two-hundred day moving average price of $158.50. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a market cap of $199.61 billion, a P/E ratio of 20.94, a PEG ratio of 3.09 and a beta of 0.52.

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

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.72%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PEP shares. Piper Sandler started coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Finally, Wells Fargo & Company reduced their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus price target of $169.88.

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.