Toronto Dominion Bank Grows Position in PepsiCo, Inc. (NASDAQ:PEP)

Toronto Dominion Bank raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 804,067 shares of the company's stock after purchasing an additional 26,585 shares during the quarter. Toronto Dominion Bank owned 0.06% of PepsiCo worth $122,264,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. WealthTrak Capital Management LLC purchased a new position in PepsiCo during the fourth quarter valued at $28,000. Collier Financial purchased a new position in PepsiCo during the fourth quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new position in PepsiCo during the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo during the fourth quarter valued at $30,000. Finally, Measured Risk Portfolios Inc. purchased a new position in PepsiCo during the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

PEP has been the subject of several research analyst reports. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and cut their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. Barclays reduced their price target on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research report on Thursday, April 24th. Finally, StockNews.com cut shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $160.69.

PepsiCo Trading Down 0.1%

Shares of PEP traded down $0.19 during trading hours on Monday, reaching $131.79. 9,277,504 shares of the company traded hands, compared to its average volume of 6,391,283. The firm has a market cap of $180.69 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 12-month low of $127.87 and a 12-month high of $182.13. 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 stock's fifty day moving average price is $141.38 and its 200 day moving average price is $149.42.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.61 earnings per share. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's payout ratio is currently 83.68%.

About PepsiCo

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.