Euclid Advisors buys $25,300,493 stake in PepsiCo (PEP)

PepsiCo (PEP) : Euclid Advisors scooped up 89,461 additional shares in PepsiCo during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 232,991 shares of PepsiCo which is valued at $25,300,493.PepsiCo makes up approximately 0.92% of Euclid Advisors’s portfolio.

Other Hedge Funds, Including , Jane Street Group boosted its stake in PEP in the latest quarter, The investment management firm added 20,217 additional shares and now holds a total of 42,607 shares of PepsiCo which is valued at $4,626,694. PepsiCo makes up approx 0.06% of Jane Street Group’s portfolio.Hutner Daniel Ellsworth boosted its stake in PEP in the latest quarter, The investment management firm added 447 additional shares and now holds a total of 63,538 shares of PepsiCo which is valued at $6,899,591. PepsiCo makes up approx 5.82% of Hutner Daniel Ellsworth’s portfolio.Financial Advisory Group boosted its stake in PEP in the latest quarter, The investment management firm added 361 additional shares and now holds a total of 18,540 shares of PepsiCo which is valued at $2,014,556. PepsiCo makes up approx 0.95% of Financial Advisory Group’s portfolio.Atlas Browninc. reduced its stake in PEP by selling 699 shares or 2.93% in the most recent quarter. The Hedge Fund company now holds 23,128 shares of PEP which is valued at $2,519,102. PepsiCo makes up approx 1.02% of Atlas Browninc.’s portfolio.Insight Capital Research Management Inc reduced its stake in PEP by selling 3,244 shares or 14.5% in the most recent quarter. The Hedge Fund company now holds 19,127 shares of PEP which is valued at $2,055,770. PepsiCo makes up approx 0.68% of Insight Capital Research Management Inc’s portfolio.

PepsiCo closed down -0.71 points or -0.66% at $107.21 with 3,260,537 shares getting traded on Wednesday. Post opening the session at $107.76, the shares hit an intraday low of $106.78 and an intraday high of $107.97 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, PepsiCo reported $1.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 7, 2016. Analyst had a consensus of $1.30. The company had revenue of $15395.00 million for the quarter, compared to analysts expectations of $15404.54 million. The company’s revenue was down -3.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.32 EPS.

Many Wall Street Analysts have commented on PepsiCo. Company shares were Reiterated by UBS on Jul 8, 2016 to “Buy”, Firm has raised the Price Target to $ 119 from a previous price target of $113 .Company shares were Reiterated by Deutsche Bank on Jul 8, 2016 to “Buy”, Firm has raised the Price Target to $ 120 from a previous price target of $115 .

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.

Leave a Reply

PepsiCo - Is it time to Sell?

Top Brokerage Firms are advising their investors on PepsiCo. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.