Barlow Wealth Partners Inc. Trims Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Barlow Wealth Partners Inc. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,476 shares of the company’s stock after selling 225 shares during the period. Barlow Wealth Partners Inc.’s holdings in PepsiCo were worth $358,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in PepsiCo by 137.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 985,435 shares of the company’s stock valued at $150,959,000 after buying an additional 570,237 shares in the last quarter. Traphagen Investment Advisors LLC increased its holdings in shares of PepsiCo by 13.9% during the fourth quarter. Traphagen Investment Advisors LLC now owns 5,704 shares of the company’s stock valued at $867,000 after acquiring an additional 696 shares in the last quarter. Sheets Smith Wealth Management raised its position in shares of PepsiCo by 1.2% in the 4th quarter. Sheets Smith Wealth Management now owns 57,773 shares of the company’s stock worth $8,785,000 after purchasing an additional 703 shares during the last quarter. Beaumont Financial Advisors LLC boosted its stake in PepsiCo by 0.7% in the 4th quarter. Beaumont Financial Advisors LLC now owns 92,937 shares of the company’s stock worth $14,132,000 after purchasing an additional 624 shares in the last quarter. Finally, Verum Partners LLC grew its position in PepsiCo by 8.8% during the 4th quarter. Verum Partners LLC now owns 1,757 shares of the company’s stock valued at $267,000 after purchasing an additional 142 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 0.2 %

Shares of PEP stock opened at $148.55 on Wednesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The company has a market cap of $203.81 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.74 and a beta of 0.54. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm has a fifty day moving average price of $155.05 and a 200-day moving average price of $165.76.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Analysts Set New Price Targets

Several brokerages have issued reports on PEP. Wells Fargo & Company decreased their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada reduced their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. Finally, UBS Group reduced their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $178.60.

PepsiCo Company Profile

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.