Haverford Trust Co. Has $117.10 Million Position in PepsiCo (PEP)

Haverford Trust Co. lowered its holdings in PepsiCo (NASDAQ:PEP) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 976,508 shares of the company’s stock after selling 67,323 shares during the quarter. PepsiCo accounts for about 2.3% of Haverford Trust Co.’s investment portfolio, making the stock its 15th biggest position. Haverford Trust Co. owned about 0.07% of PepsiCo worth $117,103,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. bought a new stake in PepsiCo in the fourth quarter valued at about $140,000. Rational Advisors LLC bought a new stake in PepsiCo in the fourth quarter valued at about $168,000. Almanack Investment Partners LLC. increased its stake in PepsiCo by 48.5% in the fourth quarter. Almanack Investment Partners LLC. now owns 1,452 shares of the company’s stock valued at $175,000 after acquiring an additional 474 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in PepsiCo by 233.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the company’s stock valued at $180,000 after acquiring an additional 1,050 shares during the period. Finally, C M Bidwell & Associates Ltd. bought a new stake in PepsiCo in the fourth quarter valued at about $197,000. 71.05% of the stock is currently owned by institutional investors and hedge funds.

PEP opened at $97.92 on Friday. PepsiCo has a one year low of $96.66 and a one year high of $97.55. The company has a current ratio of 1.28, a quick ratio of 1.15 and a debt-to-equity ratio of 2.91. The company has a market cap of $137.25 billion, a PE ratio of 18.72, a P/E/G ratio of 2.23 and a beta of 0.67.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 13th. The company reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.01. PepsiCo had a net margin of 7.62% and a return on equity of 62.43%. The business had revenue of $19.53 billion for the quarter, compared to analysts’ expectations of $19.40 billion. During the same period in the prior year, the firm earned $1.20 earnings per share. PepsiCo’s revenue was up .1% compared to the same quarter last year. equities analysts anticipate that PepsiCo will post 5.7 EPS for the current fiscal year.

PepsiCo announced that its board has approved a stock buyback plan on Tuesday, February 13th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.9275 per share. This is a boost from PepsiCo’s previous quarterly dividend of $0.81. This represents a $3.71 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Thursday, May 31st. PepsiCo’s dividend payout ratio is 61.57%.

Several brokerages have weighed in on PEP. Susquehanna Bancshares set a $130.00 price objective on shares of PepsiCo and gave the stock a “buy” rating in a research note on Friday, May 4th. SunTrust Banks decreased their price objective on shares of PepsiCo to $105.00 and set a “hold” rating on the stock in a research note on Friday, April 27th. ValuEngine cut shares of PepsiCo from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Stifel Nicolaus decreased their price objective on shares of PepsiCo from $120.00 to $110.00 and set a “hold” rating on the stock in a research note on Friday, April 27th. Finally, BidaskClub cut shares of PepsiCo from a “sell” rating to a “strong sell” rating in a research note on Friday, May 4th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $120.36.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's 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 brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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