TD Private Client Wealth LLC Sells 6,673 Shares of PepsiCo, Inc. (NASDAQ:PEP)

TD Private Client Wealth LLC reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 20.3% in the 4th quarter, Holdings Channel reports. The fund owned 26,198 shares of the company’s stock after selling 6,673 shares during the quarter. TD Private Client Wealth LLC’s holdings in PepsiCo were worth $3,984,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Collier Financial acquired a new position in shares of PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo during the fourth quarter worth about $30,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo during the third quarter worth about $31,000. Bay Harbor Wealth Management LLC acquired a new position in shares of PepsiCo during the fourth quarter worth about $34,000. Finally, Human Investing LLC acquired a new position in shares of PepsiCo during the fourth quarter worth about $39,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $145.45 on Friday. The firm has a market cap of $199.48 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The business’s 50 day moving average is $149.04 and its 200-day moving average is $159.22.

PepsiCo (NASDAQ:PEP) last announced 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. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter last year, the company earned $1.78 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.73%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. 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 reduced their price target on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Citigroup reduced their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada began coverage on PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price target for the company. Finally, HSBC reduced their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.