Secor Capital Advisors Lp adds PepsiCo (PEP) to its portfolio

PepsiCo (PEP) : Secor Capital Advisors Lp added new position in PepsiCo during the most recent quarter end. The investment management firm now holds 49,905 shares of PepsiCo which is valued at $5,199,103 , the company said in a statement filed on May 10, 2016 with the SEC.PepsiCo makes up approximately 0.99% of Secor Capital Advisors Lp’s portfolio.

Other Hedge Funds, Including , Hutchinson Capital Managementca boosted its stake in PEP in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 11,534 shares of PepsiCo which is valued at $1,201,612. PepsiCo makes up approx 0.39% of Hutchinson Capital Managementca’s portfolio.Argi Investment Services reduced its stake in PEP by selling 4,196 shares or 36.1% in the most recent quarter. The Hedge Fund company now holds 7,427 shares of PEP which is valued at $779,538. PepsiCo makes up approx 0.08% of Argi Investment Services’s portfolio.Teachers Advisors Inc boosted its stake in PEP in the latest quarter, The investment management firm added 52,524 additional shares and now holds a total of 2,784,740 shares of PepsiCo which is valued at $292,286,310. PepsiCo makes up approx 0.53% of Teachers Advisors Inc’s portfolio.Badgley Phelps Bell Inc boosted its stake in PEP in the latest quarter, The investment management firm added 5,133 additional shares and now holds a total of 114,024 shares of PepsiCo which is valued at $11,967,959. PepsiCo makes up approx 1.13% of Badgley Phelps Bell Inc’s portfolio.Calamos Wealth Management boosted its stake in PEP in the latest quarter, The investment management firm added 5,334 additional shares and now holds a total of 44,084 shares of PepsiCo which is valued at $4,538,889. PepsiCo makes up approx 0.99% of Calamos Wealth Management’s portfolio.

PepsiCo closed down -0.05 points or -0.05% at $104.13 with 42,43,167 shares getting traded on Monday. Post opening the session at $103.98, the shares hit an intraday low of $103.63 and an intraday high of $104.65 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, PepsiCo reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $0.81. The company had revenue of $11862.00 million for the quarter, compared to analysts expectations of $12000.40 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.83 EPS.

Investors should note that on May 3, 2016, PepsiCo announced a cash dividend of $0.7525. The company’s management has announced Jun 1, 2016 as the ex-dividend date and fixed the record date on Jun 3, 2016. The payable date has been fixed on Jun 30, 2016.

Many Wall Street Analysts have commented on PepsiCo. Company shares were Reiterated by UBS on Apr 19, 2016 to “Buy”, Firm has raised the Price Target to $ 114 from a previous price target of $113 .PepsiCo was Downgraded by Stifel to ” Hold” on Apr 14, 2016. Company shares were Reiterated by UBS on Mar 23, 2016 to “Buy”, Firm has raised the Price Target to $ 113 from a previous price target of $108 .

PepsiCo Inc. (PepsiCo) is a global food and beverage company. The Company operates through six segments: Frito-Lay North America (FLNA) Quaker Foods North America (QFNA) Latin America Foods (LAF) which includes its food and snack businesses in Latin America; PepsiCo Americas Beverages (PAB) which includes its North American and Latin American beverage businesses; PepsiCo Europe (Europe) which includes beverage food and snack businesses in Europe and South Africa and PepsiCo Asia Middle East and Africa (AMEA) which includes beverage food and snack businesses in AMEA excluding South Africa. Through its operations bottlers contract manufacturers and other third-parties the Company manufactures markets distributes and sells a variety of beverages foods and snacks serving customers and consumers in more than 200 countries and territories.

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