Todays Report: The PepsiCo Inc. (PEP) Stake Decreased by Haverford Financial Services Inc.

The PepsiCo Inc. (PEP) Stake Decreased by Haverford Financial Services Inc.

Haverford Financial Services Inc. cut its stake in PepsiCo Inc. (NYSE:PEP) by 3.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,902 shares of the company’s stock after selling 2,781 shares during the period. PepsiCo comprises approximately 3.3% of Haverford Financial Services Inc.’s investment portfolio, making the stock its 16th largest position. Haverford Financial Services Inc.’s holdings in PepsiCo were worth $7,829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Piershale Financial Group Inc. boosted its position in PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock valued at $106,000 after buying an additional 4 shares in the last quarter. Palisade Capital Management LLC NJ boosted its position in PepsiCo by 0.3% in the first quarter. Palisade Capital Management LLC NJ now owns 3,251 shares of the company’s stock valued at $333,000 after buying an additional 11 shares in the last quarter. Ronna Sue Cohen boosted its position in PepsiCo by 0.3% in the first quarter. Ronna Sue Cohen now owns 7,199 shares of the company’s stock valued at $738,000 after buying an additional 23 shares in the last quarter. Dynamic Advisors Solutions LLC boosted its position in PepsiCo by 0.6% in the first quarter. Dynamic Advisors Solutions LLC now owns 4,548 shares of the company’s stock valued at $466,000 after buying an additional 26 shares in the last quarter. Finally, NewSquare Capital LLC boosted its position in PepsiCo by 1.8% in the second quarter. NewSquare Capital LLC now owns 1,578 shares of the company’s stock valued at $167,000 after buying an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 69.81% of the company’s stock.

PepsiCo Inc. (NYSE:PEP) traded down 0.41% during trading on Friday, reaching $105.96. 2,124,736 shares of the company’s stock were exchanged. The stock has a market capitalization of $151.97 billion, a price-to-earnings ratio of 23.25 and a beta of 0.46. PepsiCo Inc. has a 52 week low of $93.25 and a 52 week high of $110.94. The company’s 50 day moving average price is $107.02 and its 200-day moving average price is $105.28.

PepsiCo (NYSE:PEP) last released its quarterly earnings results on Thursday, September 29th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.08. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The company had revenue of $16 billion for the quarter. During the same quarter last year, the firm posted $1.35 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, equities analysts expect that PepsiCo Inc. will post $4.79 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 2nd were given a dividend of $0.7525 per share. The ex-dividend date was Wednesday, August 31st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.83%. PepsiCo’s dividend payout ratio (DPR) is 66.01%.

Several research analysts have recently weighed in on the company. Vetr cut PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 price target for the company. in a research note on Wednesday, June 29th. Argus boosted their price target on PepsiCo from $116.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, July 13th. BMO Capital Markets restated an “outperform” rating on shares of PepsiCo in a research note on Friday, July 15th. Jefferies Group reaffirmed a “buy” rating and issued a $122.00 price objective (down previously from $124.00) on shares of PepsiCo in a report on Friday, September 30th. Finally, Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $116.00 price objective for the company in a report on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $112.46.

In related news, CEO Ramon Laguarta sold 17,221 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $108.27, for a total value of $1,864,517.67. Following the sale, the chief executive officer now directly owns 142,325 shares in the company, valued at approximately $15,409,527.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mehmood Khan sold 51,137 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $107.30, for a total transaction of $5,487,000.10. Following the completion of the sale, the executive vice president now owns 164,464 shares in the company, valued at $17,646,987.20. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

About PepsiCo

PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

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