PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 23.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,748 shares of the company’s stock after selling 14,330 shares during the quarter. PepsiCo comprises 1.8% of SYSTM Wealth Solutions LLC’s investment portfolio, making the stock its 4th biggest holding. SYSTM Wealth Solutions LLC’s holdings in PepsiCo were worth $7,875,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. E Fund Management Co. Ltd. lifted its holdings in shares of PepsiCo by 6.5% in the 2nd quarter. E Fund Management Co. Ltd. now owns 20,332 shares of the company’s stock valued at $3,353,000 after buying an additional 1,243 shares during the period. Financial & Tax Architects LLC lifted its holdings in shares of PepsiCo by 5.4% in the 2nd quarter. Financial & Tax Architects LLC now owns 33,809 shares of the company’s stock valued at $5,576,000 after buying an additional 1,722 shares during the period. Axxcess Wealth Management LLC lifted its holdings in shares of PepsiCo by 13.3% in the 2nd quarter. Axxcess Wealth Management LLC now owns 77,627 shares of the company’s stock valued at $12,803,000 after buying an additional 9,136 shares during the period. Abbot Financial Management Inc. lifted its holdings in shares of PepsiCo by 1.3% in the 2nd quarter. Abbot Financial Management Inc. now owns 10,726 shares of the company’s stock valued at $1,769,000 after buying an additional 133 shares during the period. Finally, Perennial Investment Advisors LLC lifted its holdings in shares of PepsiCo by 2.7% in the 2nd quarter. Perennial Investment Advisors LLC now owns 10,080 shares of the company’s stock valued at $1,663,000 after buying an additional 265 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PEP shares. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Wells Fargo & Company dropped their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Wednesday, August 28th. Barclays raised their price objective on PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a research note on Friday, July 19th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $185.53.

PepsiCo Price Performance

PEP stock opened at $176.87 on Wednesday. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $183.41. The stock’s fifty day simple moving average is $172.97 and its 200-day simple moving average is $171.65. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $243.16 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The business had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. During the same quarter last year, the firm earned $2.09 earnings per share. The business’s revenue was up .8% on a year-over-year basis. Equities research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

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

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.