Haverford Trust Co Boosts Stock Position in PepsiCo, Inc. $PEP

Haverford Trust Co grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.7% in the first quarter, Holdings Channel reports. The institutional investor owned 1,236,934 shares of the company’s stock after acquiring an additional 8,887 shares during the quarter. PepsiCo accounts for 1.9% of Haverford Trust Co’s holdings, making the stock its 19th largest holding. Haverford Trust Co’s holdings in PepsiCo were worth $185,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in PEP. Elite Financial Inc. purchased a new stake in shares of PepsiCo in the first quarter valued at approximately $28,000. Measured Risk Portfolios Inc. purchased a new stake in shares of PepsiCo in the fourth quarter valued at approximately $31,000. Sunbeam Capital Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at approximately $47,000. MorganRosel Wealth Management LLC purchased a new stake in shares of PepsiCo in the first quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of PepsiCo in the first quarter valued at approximately $58,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PEP. Royal Bank Of Canada reiterated a “sector perform” rating and set a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. Dbs Bank cut PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. Bank of America dropped their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, July 11th. Barclays boosted their price target on PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Monday, July 21st. Finally, UBS Group dropped their price target on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and an average target price of $158.73.

PepsiCo Stock Up 0.4%

Shares of NASDAQ:PEP opened at $149.64 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The business has a fifty day moving average of $139.32 and a two-hundred day moving average of $140.66. The stock has a market cap of $204.87 billion, a P/E ratio of 27.26, a PEG ratio of 3.97 and a beta of 0.45. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.73.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo’s payout ratio is presently 103.64%.

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.