Taube Hodson Stonex Partners Llp Lowers stake in PepsiCo (PEP)

PepsiCo (PEP) : Taube Hodson Stonex Partners Llp reduced its stake in PepsiCo by 16.07% during the most recent quarter end. The investment management company now holds a total of 498,623 shares of PepsiCo which is valued at $50,849,574 after selling 95,460 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.PepsiCo makes up approximately 9.52% of Taube Hodson Stonex Partners Llp’s portfolio.

PepsiCo opened for trading at $101.17 and hit $102.06 on the upside on Friday, eventually ending the session at $101.98, with a gain of 0.98% or 0.99 points. The heightened volatility saw the trading volume jump to 56,60,160 shares. Company has a market cap of $147,302 M.

Other Hedge Funds, Including , Fox Run Management L.l.c. added PEP to its portfolio by purchasing 8,000 company shares during the most recent quarter which is valued at $815,840. PepsiCo makes up approx 0.53% of Fox Run Management L.l.c.’s portfolio.Jacobs Coca reduced its stake in PEP by selling 1,425 shares or 1.53% in the most recent quarter. The Hedge Fund company now holds 91,715 shares of PEP which is valued at $9,517,266. PepsiCo makes up approx 2.26% of Jacobs Coca’s portfolio. Integral Derivatives sold out all of its stake in PEP during the most recent quarter. The investment firm sold 3,667 shares of PEP which is valued $380,525.Stillwater Capital Advisors reduced its stake in PEP by selling 1,904 shares or 1.73% in the most recent quarter. The Hedge Fund company now holds 107,875 shares of PEP which is valued at $11,194,189. PepsiCo makes up approx 3.25% of Stillwater Capital Advisors’s portfolio.Eqis Capital Management boosted its stake in PEP in the latest quarter, The investment management firm added 415 additional shares and now holds a total of 6,852 shares of PepsiCo which is valued at $714,664. PepsiCo makes up approx 0.05% of Eqis Capital Management’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. 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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