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

Key Points

• Haverford Trust Co increased its stake in PepsiCo by 0.7% during Q1, owning over 1.2 million shares valued at approximately $185 million.
• PepsiCo's quarterly earnings exceeded analysts' estimates, reporting $2.12 earnings per share and revenue of $22.73 billion during the most recent quarter.
• The company declared a quarterly dividend of $1.4225 per share with a yield of 3.8%, highlighting a commitment to returning value to shareholders despite a payout ratio of 103.64%.

Haverford Trust Co raised its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,236,934 shares of the company's stock after purchasing an additional 8,887 shares during the period. PepsiCo accounts for approximately 1.9% of Haverford Trust Co's investment portfolio, making the stock its 19th largest holding. Haverford Trust Co owned about 0.09% of PepsiCo worth $185,466,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elite Financial Inc. purchased a new position in PepsiCo in the first quarter valued at about $28,000. Measured Risk Portfolios Inc. acquired a new stake in PepsiCo in the fourth quarter worth about $31,000. Sunbeam Capital Management LLC acquired a new stake in PepsiCo in the fourth quarter worth about $47,000. MorganRosel Wealth Management LLC acquired a new stake in PepsiCo in the first quarter worth about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PepsiCo in the first quarter worth about $58,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PEP shares. Wells Fargo & Company raised their price target on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Bank of America lowered their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Morgan Stanley raised their price target on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, PepsiCo presently has an average rating of "Hold" and a consensus price target of $158.73.

PepsiCo Trading Up 0.4%

PepsiCo stock opened at $149.64 on Friday. The stock has a 50-day moving average price of $139.32 and a 200 day moving average price of $140.66. 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 company has a market capitalization of $204.87 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth 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 - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the previous year, the company posted $2.28 earnings per share. PepsiCo's revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.