PepsiCo (PEP) : Baird Financial Group scooped up 14,224 additional shares in PepsiCo during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 1,212,108 shares of PepsiCo which is valued at $126.3 Million.PepsiCo makes up approximately 1.22% of Baird Financial Group’s portfolio.
Other Hedge Funds, Including , American Money Management reduced its stake in PEP by selling 323 shares or 1.44% in the most recent quarter. The Hedge Fund company now holds 22,155 shares of PEP which is valued at $2.3 Million. PepsiCo makes up approx 1.93% of American Money Management’s portfolio.Coconut Grove Bank boosted its stake in PEP in the latest quarter, The investment management firm added 335 additional shares and now holds a total of 4,725 shares of PepsiCo which is valued at $492,251. PepsiCo makes up approx 0.45% of Coconut Grove Bank’s portfolio. Huntington Asset Advisors sold out all of its stake in PEP during the most recent quarter. The investment firm sold 22,812 shares of PEP which is valued $2.4 Million.Gamble Jones Investment Counsel reduced its stake in PEP by selling 952 shares or 0.82% in the most recent quarter. The Hedge Fund company now holds 115,059 shares of PEP which is valued at $12.1 Million. PepsiCo makes up approx 1.34% of Gamble Jones Investment Counsel’s portfolio.Tocqueville Asset Management reduced its stake in PEP by selling 275 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 283,173 shares of PEP which is valued at $29.2 Million. PepsiCo makes up approx 0.37% of Tocqueville Asset Management’s portfolio.
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.