Aspiriant adds PepsiCo (PEP) to its portfolio

PepsiCo (PEP) : Aspiriant added new position in PepsiCo during the most recent quarter end. The investment management firm now holds 42,294 shares of PepsiCo which is valued at $4.4 Million , the company said in a statement filed on May 12, 2016 with the SEC.PepsiCo makes up approximately 0.40% of Aspiriant’s portfolio.

Other Hedge Funds, Including , Schafer Cullen Capital Management Inc reduced its stake in PEP by selling 2,620 shares or 24.6% in the most recent quarter. The Hedge Fund company now holds 8,029 shares of PEP which is valued at $836,461. PepsiCo makes up approx 0.01% of Schafer Cullen Capital Management Inc’s portfolio.Wunderlich Capital Managemnt boosted its stake in PEP in the latest quarter, The investment management firm added 16 additional shares and now holds a total of 13,782 shares of PepsiCo which is valued at $1.4 Million. PepsiCo makes up approx 1.24% of Wunderlich Capital Managemnt’s portfolio. Alps Advisors Inc sold out all of its stake in PEP during the most recent quarter. The investment firm sold 6,001 shares of PEP which is valued $625,184. Equitec Specialists sold out all of its stake in PEP during the most recent quarter. The investment firm sold 1,292 shares of PEP which is valued $133,024.

PepsiCo closed down -1.23 points or -1.21% at $100.1 with 55,94,668 shares getting traded on Friday. Post opening the session at $101.71, the shares hit an intraday low of $100 and an intraday high of $101.79 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

Investors should note that on May 3, 2016, PepsiCo announced a cash dividend of $0.7525. The company’s management has announced Jun 1, 2016 as the ex-dividend date and fixed the record date on Jun 3, 2016. The payable date has been fixed on Jun 30, 2016.

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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