LWM Advisory Services LLC Sells 1,073 Shares of PepsiCo, Inc. (NASDAQ:PEP)

LWM Advisory Services LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 38.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,723 shares of the company’s stock after selling 1,073 shares during the period. LWM Advisory Services LLC’s holdings in PepsiCo were worth $284,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PEP. SYM FINANCIAL Corp raised its position in PepsiCo by 36.7% in the 2nd quarter. SYM FINANCIAL Corp now owns 3,128 shares of the company’s stock valued at $516,000 after buying an additional 839 shares during the last quarter. Hardin Capital Partners LLC purchased a new stake in PepsiCo in the 2nd quarter valued at about $607,000. Federated Hermes Inc. lifted its position in shares of PepsiCo by 1.6% during the 2nd quarter. Federated Hermes Inc. now owns 562,428 shares of the company’s stock worth $92,761,000 after buying an additional 9,122 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of PepsiCo by 4.1% in the second quarter. GHP Investment Advisors Inc. now owns 65,171 shares of the company’s stock valued at $10,749,000 after acquiring an additional 2,553 shares in the last quarter. Finally, Meeder Advisory Services Inc. boosted its position in PepsiCo by 27.7% in the second quarter. Meeder Advisory Services Inc. now owns 26,802 shares of the company’s stock worth $4,420,000 after purchasing an additional 5,811 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.1 %

Shares of PEP opened at $177.36 on Friday. The firm has a market cap of $243.62 billion, a P/E ratio of 25.74, a P/E/G ratio of 3.03 and a beta of 0.53. The stock has a 50 day simple moving average of $172.37 and a two-hundred day simple moving average of $171.43. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. During the same period in the prior year, the firm posted $2.09 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. On average, analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PEP shares. Bank of America reduced their price target on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, July 8th. Morgan Stanley decreased their target price on PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. BNP Paribas initiated coverage on shares of PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 target price for the company. Wells Fargo & Company lowered their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Finally, StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday, August 28th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $185.53.

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.