Toronto Dominion Bank Has $136.75 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

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Toronto Dominion Bank lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,525,931 shares of the company’s stock after buying an additional 15,683 shares during the quarter. Toronto Dominion Bank’s holdings in PepsiCo were worth $136,748,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Creative Financial Designs Inc. ADV bought a new stake in PepsiCo in the 2nd quarter valued at approximately $26,000. Evolution Wealth Advisors LLC raised its position in PepsiCo by 342.2% during the second quarter. Evolution Wealth Advisors LLC now owns 283 shares of the company’s stock worth $37,000 after acquiring an additional 219 shares in the last quarter. RPG Investment Advisory LLC increased its stake in shares of PepsiCo by 191.0% during the 2nd quarter. RPG Investment Advisory LLC now owns 291 shares of the company’s stock worth $38,000 after purchasing an additional 191 shares during the last quarter. Marquette Asset Management LLC acquired a new position in shares of PepsiCo during the 2nd quarter worth about $40,000. Finally, Ellevest Inc. increased its stake in shares of PepsiCo by 144.7% during the 2nd quarter. Ellevest Inc. now owns 367 shares of the company’s stock worth $49,000 after purchasing an additional 217 shares during the last quarter. Institutional investors and hedge funds own 70.16% of the company’s stock.

Several research analysts have recently weighed in on the stock. SunTrust Banks boosted their price objective on shares of PepsiCo from $125.00 to $130.00 and gave the stock a “hold” rating in a research note on Tuesday, July 14th. BidaskClub upgraded shares of PepsiCo from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Finally, Jefferies Financial Group boosted their price objective on shares of PepsiCo from $130.00 to $135.00 and gave the stock a “hold” rating in a research note on Thursday, July 9th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $142.87.

Shares of PEP stock traded down $1.05 during midday trading on Tuesday, hitting $135.62. 2,779,300 shares of the company were exchanged, compared to its average volume of 5,484,264. The firm has a market capitalization of $189.24 billion, a P/E ratio of 27.93, a PEG ratio of 4.53 and a beta of 0.56. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.79 and a current ratio of 0.97. The firm’s 50 day moving average price is $137.55 and its two-hundred day moving average price is $132.54. PepsiCo, Inc. has a 52 week low of $101.42 and a 52 week high of $147.20.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Monday, July 13th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.07. The firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.47 billion. PepsiCo had a net margin of 10.13% and a return on equity of 54.77%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.54 EPS. Analysts expect that PepsiCo, Inc. will post 5.34 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be issued a $1.0225 dividend. This represents a $4.09 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Thursday, September 3rd. PepsiCo’s dividend payout ratio is currently 73.96%.

In other PepsiCo news, CEO Ramon Laguarta sold 13,109 shares of the business’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $134.86, for a total value of $1,767,879.74. Following the completion of the sale, the chief executive officer now owns 281,972 shares of the company’s stock, valued at approximately $38,026,743.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Marie T. Gallagher sold 3,335 shares of the business’s stock in a transaction dated Thursday, July 16th. The shares were sold at an average price of $133.32, for a total transaction of $444,622.20. Following the completion of the sale, the senior vice president now directly owns 54,029 shares of the company’s stock, valued at approximately $7,203,146.28. The disclosure for this sale can be found here. Insiders sold a total of 26,655 shares of company stock valued at $3,591,883 in the last three months. Insiders own 0.13% of the company’s stock.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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