Haverford Trust Co Sells 28,716 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Haverford Trust Co lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,228,047 shares of the company’s stock after selling 28,716 shares during the period. PepsiCo makes up approximately 1.9% of Haverford Trust Co’s investment portfolio, making the stock its 19th largest position. Haverford Trust Co owned about 0.09% of PepsiCo worth $186,737,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PEP. Collier Financial acquired a new position in PepsiCo in the fourth quarter valued at about $28,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo in the 3rd quarter valued at approximately $31,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo during the 4th quarter worth approximately $30,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $34,000. Finally, Human Investing LLC acquired a new position in PepsiCo during the fourth quarter valued at approximately $39,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ:PEP opened at $145.45 on Monday. The firm has a market capitalization of $199.48 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a fifty day moving average of $149.04 and a 200 day moving average of $158.96. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 EPS. On average, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.73%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PEP. Barclays cut PepsiCo from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. Wells Fargo & Company lowered their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Evercore ISI lowered their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Royal Bank of Canada assumed coverage on PepsiCo in a report on Tuesday, February 4th. They set a $172.00 price target on the stock. Finally, TD Cowen dropped their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $169.88.

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.