Pensionfund Sabic Exits Position in PepsiCo (PEP)

PepsiCo (PEP) : Pensionfund Sabic has sold out all of its stake in PepsiCo during the most recent quarter, according to a report filed by the company on Apr 4, 2016 with the SEC. The investment management company has sold out 38,700 shares of PepsiCo which is valued at $4 Million.

Other Hedge Funds, Including , Beacon Financial Group boosted its stake in PEP in the latest quarter, The investment management firm added 182 additional shares and now holds a total of 9,813 shares of PepsiCo which is valued at $1 Million. PepsiCo makes up approx 0.22% of Beacon Financial Group’s portfolio.Renaissance Investment Group reduced its stake in PEP by selling 1,259 shares or 2.04% in the most recent quarter. The Hedge Fund company now holds 60,595 shares of PEP which is valued at $6.3 Million. PepsiCo makes up approx 3.15% of Renaissance Investment Group’s portfolio.

On the company’s financial health, PepsiCo reported $1.06 EPS for the quarter, based on the information available during the earnings call on Feb 11, 2016. Analyst had a consensus estimate of $1.06. The company had revenue of $18585.00 million for the quarter, compared to analysts expectations of $18506.94 million. The company’s revenue was down -6.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.12 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 closed down -0.78 points or -0.74% at $104.3 with 53,54,020 shares getting traded on Monday. Post opening the session at $105.16, the shares hit an intraday low of $104.16 and an intraday high of $105.77 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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