Haverford Financial Services Inc. Sells 4,128 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Haverford Financial Services Inc. reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.9% in the 4th 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 period. PepsiCo comprises about 3.1% of Haverford Financial Services Inc.’s investment portfolio, making the stock its 16th biggest position. Haverford Financial Services Inc.’s holdings in PepsiCo were worth $10,013,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Collier Financial acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the fourth quarter valued at approximately $30,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the third quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC bought a new position in PepsiCo in the fourth quarter valued at approximately $34,000. Finally, Human Investing LLC bought a new stake in shares of PepsiCo in the fourth quarter worth $39,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PEP shares. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Evercore ISI cut their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and cut their price objective for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Finally, Citigroup dropped their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $169.88.

PepsiCo Trading Down 1.2 %

Shares of PepsiCo stock opened at $145.45 on Friday. The company has a market capitalization of $199.48 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 3.09 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The firm’s 50-day moving average price is $149.04 and its two-hundred day moving average price is $159.09.

PepsiCo (NASDAQ:PEP) last announced 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 firm had revenue of $27.78 billion for 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 business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 earnings per share. On average, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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

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.