Gavekal Capital Lowers stake in PepsiCo (PEP)

PepsiCo (PEP) : Gavekal Capital reduced its stake in PepsiCo by 6.19% during the most recent quarter end. The investment management company now holds a total of 130,348 shares of PepsiCo which is valued at $13,526,212 after selling 8,603 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.PepsiCo makes up approximately 4.90% of Gavekal Capital’s portfolio.

PepsiCo opened for trading at $103.24 and hit $103.81 on the upside on Friday, eventually ending the session at $103.77, with a gain of 0.59% or 0.61 points. The heightened volatility saw the trading volume jump to 45,53,463 shares. Company has a market cap of $149,990 M.

Other Hedge Funds, Including , Hexavest reduced its stake in PEP by selling 14,933 shares or 1.77% in the most recent quarter. The Hedge Fund company now holds 830,572 shares of PEP which is valued at $86,188,456. PepsiCo makes up approx 1.33% of Hexavest’s portfolio.Capstone Asset Management Co boosted its stake in PEP in the latest quarter, The investment management firm added 76,876 additional shares and now holds a total of 253,459 shares of PepsiCo which is valued at $26,301,440. PepsiCo makes up approx 0.75% of Capstone Asset Management Co’s portfolio.Greylin Investment Mangement Inc reduced its stake in PEP by selling 1,175 shares or 3.32% in the most recent quarter. The Hedge Fund company now holds 34,195 shares of PEP which is valued at $3,566,539. PepsiCo makes up approx 0.84% of Greylin Investment Mangement Inc’s portfolio.Rathbone Brothers Plc reduced its stake in PEP by selling 758 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 67,657 shares of PEP which is valued at $7,056,625. PepsiCo makes up approx 0.43% of Rathbone Brothers Plc’s portfolio.First American Bank reduced its stake in PEP by selling 11,066 shares or 3.04% in the most recent quarter. The Hedge Fund company now holds 352,707 shares of PEP which is valued at $36,787,340. PepsiCo makes up approx 3.84% of First American Bank’s portfolio.

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.

Many Wall Street Analysts have commented on PepsiCo. 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 was Downgraded by Sterne Agee CRT to ” Neutral” on Feb 26, 2016.

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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