Haverford Trust Co Decreases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Haverford Trust Co cut its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,228,047 shares of the company's stock after selling 28,716 shares during the period. PepsiCo accounts for 1.9% of Haverford Trust Co's holdings, making the stock its 19th biggest holding. Haverford Trust Co owned 0.09% of PepsiCo worth $186,737,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PEP. ICW Investment Advisors LLC lifted its position in shares of PepsiCo by 0.8% in the fourth quarter. ICW Investment Advisors LLC now owns 21,072 shares of the company's stock worth $3,204,000 after buying an additional 159 shares in the last quarter. TAGStone Capital Inc. increased its stake in PepsiCo by 2.8% in the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after acquiring an additional 70 shares during the last quarter. Congress Wealth Management LLC DE raised its holdings in shares of PepsiCo by 4.0% during the 4th quarter. Congress Wealth Management LLC DE now owns 25,126 shares of the company's stock worth $3,821,000 after acquiring an additional 969 shares in the last quarter. Clune & Associates LTD. purchased a new position in shares of PepsiCo in the fourth quarter valued at $291,000. Finally, Crowley Wealth Management Inc. bought a new stake in PepsiCo in the fourth quarter worth $246,000. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on PEP shares. Morgan Stanley lowered their price objective on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. TD Cowen lowered their price target 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. Deutsche Bank Aktiengesellschaft reduced their price objective on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. StockNews.com lowered PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Citigroup cut their target price on PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $169.88.

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PepsiCo Trading Up 0.9 %

PEP traded up $1.29 on Friday, reaching $150.96. 1,692,237 shares of the company traded hands, compared to its average volume of 5,415,024. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market cap of $207.04 billion, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The firm has a fifty day simple moving average of $149.23 and a two-hundred day simple moving average of $158.37. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.78 earnings per share. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.59%. PepsiCo's payout ratio is currently 77.99%.

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.