PepsiCo, Inc. $PEP Shares Acquired by TD Asset Management Inc

TD Asset Management Inc raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.4% in the second quarter, Holdings Channel.com reports. The fund owned 1,201,597 shares of the company’s stock after acquiring an additional 17,139 shares during the quarter. TD Asset Management Inc’s holdings in PepsiCo were worth $158,659,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Claris Advisors LLC MO raised its holdings in shares of PepsiCo by 14.1% during the second quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after acquiring an additional 308 shares during the last quarter. Foster Group Inc. grew its position in shares of PepsiCo by 4.6% in the second quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after purchasing an additional 229 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ignite Planners LLC grew its position in shares of PepsiCo by 4.2% in the first quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock valued at $566,000 after purchasing an additional 151 shares in the last quarter. Finally, Merit Financial Group LLC grew its position in shares of PepsiCo by 46.4% in the second quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock valued at $15,098,000 after purchasing an additional 36,239 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 1.8%

NASDAQ:PEP opened at $151.54 on Wednesday. The firm has a market cap of $207.21 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 3.62 and a beta of 0.46. The stock has a fifty day moving average price of $144.96 and a 200 day moving average price of $139.27. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.PepsiCo’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

Analyst Ratings Changes

Several research analysts recently weighed in on PEP shares. Barclays increased their price objective on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, October 10th. Bank of America increased their price objective on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Citigroup lowered their price objective on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Cowen reiterated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. lowered their price objective on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Six research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $156.00.

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.