Edmond De Rothschild (europe) Lowers stake in PepsiCo (PEP)

PepsiCo (PEP) : Edmond De Rothschild (europe) reduced its stake in PepsiCo by 35.11% during the most recent quarter end. The investment management company now holds a total of 28,458 shares of PepsiCo which is valued at $3 Million after selling 15,395 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on May 12, 2016.PepsiCo makes up approximately 1.54% of Edmond De Rothschild (europe)’s portfolio.

Other Hedge Funds, Including , Group One Trading reduced its stake in PEP by selling 29,648 shares or 82.75% in the most recent quarter. The Hedge Fund company now holds 6,179 shares of PEP which is valued at $643,728. PepsiCo makes up approx 0.07% of Group One Trading’s portfolio.Financial Counselors Inc boosted its stake in PEP in the latest quarter, The investment management firm added 10,015 additional shares and now holds a total of 223,514 shares of PepsiCo which is valued at $23.3 Million. PepsiCo makes up approx 1.45% of Financial Counselors Inc’s portfolio.State Of Wisconsin Investment Board boosted its stake in PEP in the latest quarter, The investment management firm added 41,118 additional shares and now holds a total of 1,646,376 shares of PepsiCo which is valued at $172.8 Million. PepsiCo makes up approx 0.68% of State Of Wisconsin Investment Board’s portfolio.Rhumbline Advisers boosted its stake in PEP in the latest quarter, The investment management firm added 69,540 additional shares and now holds a total of 2,232,868 shares of PepsiCo which is valued at $234.4 Million. PepsiCo makes up approx 0.73% of Rhumbline Advisers’s portfolio.Court Place Advisors boosted its stake in PEP in the latest quarter, The investment management firm added 44 additional shares and now holds a total of 8,604 shares of PepsiCo which is valued at $903,076. PepsiCo makes up approx 0.56% of Court Place Advisors’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.

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