Ingrid R. Hendershot, CFA, is founder and president of Hendershot Investments, Inc., an investment management firm established in 1994. She is also editor of Hendershot Investments, a quarterly investment newsletter designed for long-term investors seeking to invest in high-quality companies at reasonable valuations. Ms. Hendershot graduated from The Pennsylvania State University earning a BS in accounting and an MBA from George Washington University.
Apple (AAPL) reported fiscal fourth quarter sales dipped 1% to $89.5 billion, with net income up 11% to $22.96 billion and EPS up 13% to $1.46. During the conference call, CEO Tim Cook stated: “We’ve continued to invest in the future and managed for the long term. And we've carved a path of groundbreaking innovations and delivered with excellence every step of the way,” notes Ingrid Hendershot, editor of Hendershot Investments.
PepsiCo (PEP) reported third-quarter sales bubbled up 6.7% to $23.5 billion, with net income increasing a sweet 14.4% to $3.1 billion and EPS popping 14.9% to $2.24. Macro events have led consumers to become more selective, trading down or choosing smaller sizes. However, across channels that tend to be leading growth indicators, including convenience and food service, management sees healthy demand, says Ingrid Hendershot, editor of Hendershot Investments.
Editor’s Note: Ingrid Hendershot, editor of Hendershot Investments, had the seventh best-performing recommendation from our annual “Top Picks 2023” Report through mid-year. The software company Microsoft (MSFT) produced a total return of 49.9% during the tracked period. I reached out to her for updated commentary and guidance on her “Terrific Ten” stock, and this is what she provided...
Through extensive in-house research, we find high-quality companies with consistent, above-average growth and durable competitive advantages. FactSet Research Systems (FDS) is one that makes the cut, writes Ingrid Hendershot, editor of Hendershot Investments.
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