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

TD Private Client Wealth LLC cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 20.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,198 shares of the company’s stock after selling 6,673 shares during the period. TD Private Client Wealth LLC’s holdings in PepsiCo were worth $3,984,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PEP. Swedbank AB increased its position in shares of PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after purchasing an additional 1,592,343 shares during the period. Howard Capital Management Group LLC boosted its stake in PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after buying an additional 90 shares in the last quarter. LPL Financial LLC boosted its stake in PepsiCo by 8.4% in the 3rd quarter. LPL Financial LLC now owns 1,844,337 shares of the company’s stock valued at $313,629,000 after buying an additional 142,191 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in PepsiCo by 1.7% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 64,562 shares of the company’s stock valued at $10,979,000 after buying an additional 1,086 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in PepsiCo by 7.9% in the 3rd quarter. Pacer Advisors Inc. now owns 216,856 shares of the company’s stock valued at $36,876,000 after buying an additional 15,821 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Evercore ISI decreased their price target on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Morgan Stanley decreased their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. UBS Group reduced their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada assumed coverage on PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $169.88.

PepsiCo Trading Down 1.2 %

NASDAQ PEP opened at $145.45 on Friday. The stock has a 50-day simple moving average of $149.04 and a 200 day simple moving average of $159.22. The company has a market capitalization of $199.48 billion, a PE ratio of 20.93, a P/E/G 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 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating 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 was down .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 earnings per share. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. 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 is presently 77.99%.

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.