Barry Investment Advisors LLC Has $327,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Barry Investment Advisors LLC lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,128 shares of the company’s stock after selling 149 shares during the quarter. Barry Investment Advisors LLC’s holdings in PepsiCo were worth $327,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Scientech Research LLC acquired a new position in PepsiCo in the second quarter valued at about $325,000. Invst LLC increased its holdings in shares of PepsiCo by 28.1% in the second quarter. Invst LLC now owns 2,870 shares of the company’s stock worth $467,000 after acquiring an additional 630 shares in the last quarter. Quarry LP increased its holdings in shares of PepsiCo by 409.7% in the second quarter. Quarry LP now owns 892 shares of the company’s stock worth $147,000 after acquiring an additional 717 shares in the last quarter. Pathway Financial Advisers LLC increased its holdings in shares of PepsiCo by 2.1% in the second quarter. Pathway Financial Advisers LLC now owns 34,685 shares of the company’s stock worth $5,692,000 after acquiring an additional 720 shares in the last quarter. Finally, Granite Bay Wealth Management LLC increased its holdings in shares of PepsiCo by 9.3% in the second quarter. Granite Bay Wealth Management LLC now owns 25,676 shares of the company’s stock worth $4,235,000 after acquiring an additional 2,187 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. UBS Group decreased 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. Piper Sandler initiated coverage on PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective for the company. Barclays decreased their price objective on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $177.00.

PepsiCo Stock Performance

PEP opened at $150.25 on Wednesday. The stock has a market cap of $206.14 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 2.86 and a beta of 0.54. The business has a 50 day moving average of $153.81 and a 200-day moving average of $165.28. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.61%. PepsiCo’s payout ratio is currently 79.94%.

PepsiCo 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.