Squarepoint Ops buys $9,586,868 stake in PepsiCo (PEP)

PepsiCo (PEP) : Squarepoint Ops scooped up 85,642 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 88,285 shares of PepsiCo which is valued at $9,586,868.PepsiCo makes up approximately 0.71% of Squarepoint Ops’s portfolio.

Other Hedge Funds, Including , Alyeska Investment Group added PEP to its portfolio by purchasing 763,183 company shares during the most recent quarter which is valued at $82,874,042. PepsiCo makes up approx 0.82% of Alyeska Investment Group’s portfolio.Legacy Capital Partners reduced its stake in PEP by selling 300 shares or 1.28% in the most recent quarter. The Hedge Fund company now holds 23,158 shares of PEP which is valued at $2,504,306. PepsiCo makes up approx 1.53% of Legacy Capital Partners’s portfolio.Bks Advisors reduced its stake in PEP by selling 531 shares or 6.38% in the most recent quarter. The Hedge Fund company now holds 7,787 shares of PEP which is valued at $844,734. PepsiCo makes up approx 0.41% of Bks Advisors’s portfolio.Aspiriant reduced its stake in PEP by selling 3,073 shares or 7.27% in the most recent quarter. The Hedge Fund company now holds 39,221 shares of PEP which is valued at $4,254,694. PepsiCo makes up approx 0.35% of Aspiriant’s portfolio.Lynch Associatesin reduced its stake in PEP by selling 282 shares or 11.98% in the most recent quarter. The Hedge Fund company now holds 2,071 shares of PEP which is valued at $226,132. PepsiCo makes up approx 0.10% of Lynch Associatesin’s portfolio.

PepsiCo opened for trading at $106.46 and hit $107.34 on the upside on Thursday, eventually ending the session at $107.29, with a gain of 0.51% or 0.54 points. The heightened volatility saw the trading volume jump to 37,99,038 shares. Company has a market cap of $154,407 M.

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.

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