TD Asset Management Inc Has $322.01 Million Holdings in PepsiCo, Inc. $PEP

TD Asset Management Inc grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 6.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,378,194 shares of the company’s stock after acquiring an additional 152,326 shares during the period. TD Asset Management Inc’s holdings in PepsiCo were worth $322,007,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Swiss Life Asset Management Ltd boosted its stake in shares of PepsiCo by 11.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock valued at $59,600,000 after purchasing an additional 42,335 shares during the last quarter. National Pension Service raised its stake in shares of PepsiCo by 2.5% during the fourth quarter. National Pension Service now owns 3,143,939 shares of the company’s stock worth $451,218,000 after buying an additional 77,051 shares during the last quarter. Allstate Corp lifted its holdings in PepsiCo by 108.1% in the fourth quarter. Allstate Corp now owns 104,723 shares of the company’s stock valued at $15,030,000 after buying an additional 54,405 shares during the period. First Nebraska Trust Co bought a new position in PepsiCo in the first quarter valued at approximately $10,782,000. Finally, Knights of Columbus Asset Advisors LLC grew its holdings in PepsiCo by 90.0% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 94,652 shares of the company’s stock worth $13,584,000 after acquiring an additional 44,824 shares during the period. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Piper Sandler set a $176.00 price target on PepsiCo in a research note on Thursday, July 9th. Barclays upped their price objective on PepsiCo from $138.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Sanford C. Bernstein set a $134.00 target price on PepsiCo in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft set a $155.00 target price on PepsiCo in a research report on Friday, July 10th. Finally, Morgan Stanley cut their price target on shares of PepsiCo from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average target price of $157.90.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $142.08 on Friday. The stock’s fifty day simple moving average is $140.03 and its 200 day simple moving average is $150.34. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $193.92 billion, a PE ratio of 18.62, a PEG ratio of 3.13 and a beta of 0.35. PepsiCo, Inc. has a 12 month low of $133.73 and a 12 month high of $171.48.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.01. The company had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, research analysts predict that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, September 4th. PepsiCo’s dividend payout ratio (DPR) is 77.59%.

Insiders Place Their Bets

In other PepsiCo news, EVP David Flavell sold 2,900 shares of PepsiCo stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $139.54, for a total value of $404,666.00. Following the transaction, the executive vice president owned 74,825 shares of the company’s stock, valued at approximately $10,441,080.50. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.12% of the company’s stock.

About PepsiCo

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.