Toronto Dominion Bank Sells 77,364 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Toronto Dominion Bank decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.1% in the 3rd quarter, Holdings Channel reports. The fund owned 777,482 shares of the company’s stock after selling 77,364 shares during the quarter. Toronto Dominion Bank’s holdings in PepsiCo were worth $132,211,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Neo Ivy Capital Management bought a new position in PepsiCo in the 3rd quarter valued at $1,440,000. Coldstream Capital Management Inc. grew its stake in PepsiCo by 8.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 61,563 shares of the company’s stock worth $10,459,000 after buying an additional 4,659 shares in the last quarter. Geode Capital Management LLC raised its position in shares of PepsiCo by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 30,497,268 shares of the company’s stock valued at $5,170,529,000 after buying an additional 543,558 shares in the last quarter. Insight Inv LLC lifted its holdings in shares of PepsiCo by 1.5% during the 3rd quarter. Insight Inv LLC now owns 13,350 shares of the company’s stock worth $2,270,000 after acquiring an additional 200 shares during the last quarter. Finally, Frisch Financial Group Inc. grew its position in PepsiCo by 3.0% in the third quarter. Frisch Financial Group Inc. now owns 2,531 shares of the company’s stock worth $430,000 after acquiring an additional 73 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.2 %

NASDAQ PEP opened at $159.84 on Wednesday. The stock has a market cap of $219.30 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 2.94 and a beta of 0.52. PepsiCo, Inc. has a fifty-two week low of $155.85 and a fifty-two week high of $183.41. The stock has a 50 day simple moving average of $166.62 and a two-hundred day simple moving average of $169.42. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same period in the prior year, the firm earned $2.25 earnings per share. PepsiCo’s revenue was down .6% on a year-over-year basis. On average, analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm 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 of this dividend is Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.39%. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PEP. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday, October 10th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, TD Cowen lowered shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their target price for the company from $190.00 to $183.00 in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average target price of $183.92.

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.