Haverford Financial Services Inc. Cuts Holdings in PepsiCo (PEP)

Haverford Financial Services Inc. lessened its holdings in shares of PepsiCo (NASDAQ:PEP) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,623 shares of the company’s stock after selling 658 shares during the quarter. PepsiCo comprises approximately 3.2% of Haverford Financial Services Inc.’s portfolio, making the stock its 12th biggest holding. Haverford Financial Services Inc.’s holdings in PepsiCo were worth $8,709,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of PepsiCo in the fourth quarter worth about $140,000. Rational Advisors LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth about $168,000. Almanack Investment Partners LLC. lifted its holdings in shares of PepsiCo by 48.5% in the fourth quarter. Almanack Investment Partners LLC. now owns 1,452 shares of the company’s stock worth $175,000 after buying an additional 474 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of PepsiCo by 233.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the company’s stock worth $180,000 after buying an additional 1,050 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of PepsiCo in the fourth quarter worth about $197,000. Hedge funds and other institutional investors own 71.05% of the company’s stock.

A number of brokerages have recently issued reports on PEP. Susquehanna Bancshares set a $130.00 price target on shares of PepsiCo and gave the stock a “buy” rating in a report on Friday, May 4th. SunTrust Banks lowered their target price on shares of PepsiCo to $105.00 and set a “hold” rating on the stock in a research note on Friday, April 27th. ValuEngine downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Stifel Nicolaus lowered their target price 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 downgraded shares of PepsiCo from a “sell” rating to a “strong sell” rating in a research note on Friday, May 4th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. PepsiCo has an average rating of “Hold” and an average price target of $120.36.

PepsiCo opened at $97.92 on Friday, Marketbeat Ratings reports. The company has a market cap of $137.25 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 2.23 and a beta of 0.67. 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.

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

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

PepsiCo declared that its board has approved a stock repurchase program on Tuesday, February 13th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

PepsiCo Profile

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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