Ensemble Capital Management Lowers stake in PepsiCo (PEP)

PepsiCo (PEP) : Ensemble Capital Management reduced its stake in PepsiCo by 8.37% during the most recent quarter end. The investment management company now holds a total of 186,930 shares of PepsiCo which is valued at $19.5 Million after selling 17,085 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on May 13, 2016.PepsiCo makes up approximately 5.91% of Ensemble Capital Management’s portfolio.

Other Hedge Funds, Including , Ashfield Capital Partners boosted its stake in PEP in the latest quarter, The investment management firm added 109 additional shares and now holds a total of 19,428 shares of PepsiCo which is valued at $2 Million. PepsiCo makes up approx 0.15% of Ashfield Capital Partners’s portfolio.Brookmont Capital Management reduced its stake in PEP by selling 13,756 shares or 11.5% in the most recent quarter. The Hedge Fund company now holds 105,830 shares of PEP which is valued at $11 Million. PepsiCo makes up approx 3.58% of Brookmont Capital Management’s portfolio.Tower Square Investment Management reduced its stake in PEP by selling 606 shares or 5.42% in the most recent quarter. The Hedge Fund company now holds 10,573 shares of PEP which is valued at $1.1 Million. PepsiCo makes up approx 0.57% of Tower Square Investment Management’s portfolio. Truepoint sold out all of its stake in PEP during the most recent quarter. The investment firm sold 2,381 shares of PEP which is valued $248,053.Brown Advisory Securities boosted its stake in PEP in the latest quarter, The investment management firm added 284 additional shares and now holds a total of 42,439 shares of PepsiCo which is valued at $4.4 Million. PepsiCo makes up approx 1.47% of Brown Advisory Securities’s portfolio.

PepsiCo (PEP) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $101.17 and reached the intraday high at $101.6. The bulls started the profit booking and pushed the shares to intraday low of $100.96. The trading session was marked by a volume range of 32,23,799 shares exchanging hands. The 52-week high of the shares is $106.94 and the 52-week low is $76.48. The market cap of the company stands at $146,016 M and there are 1,44,44,17,000 shares in public circulation.

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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