Haverford Financial Services Inc. Reduces Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Haverford Financial Services Inc. reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,852 shares of the company's stock after selling 4,128 shares during the quarter. PepsiCo makes up about 3.1% of Haverford Financial Services Inc.'s holdings, making the stock its 16th biggest holding. Haverford Financial Services Inc.'s holdings in PepsiCo were worth $10,013,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on PEP. JPMorgan Chase & Co. cut their price objective on PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. HSBC dropped their price target on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Evercore ISI dropped their target price on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Finally, Royal Bank of Canada began coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price target for the company. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $169.88.

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PepsiCo Stock Up 0.7 %

Shares of PEP stock traded up $1.03 during mid-day trading on Thursday, hitting $149.67. The company's stock had a trading volume of 5,396,044 shares, compared to its average volume of 5,428,992. The stock has a market cap of $205.27 billion, a price-to-earnings ratio of 21.54, a PEG 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. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The business has a 50-day moving average price of $149.23 and a 200 day moving average price of $158.37.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.78 EPS. Research analysts predict 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 $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.62%. The ex-dividend date is Friday, March 7th. PepsiCo's dividend payout ratio is currently 77.99%.

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.