Rehmann Capital Advisory Group buys $27,960,453 stake in PepsiCo (PEP)

PepsiCo (PEP) : Rehmann Capital Advisory Group scooped up 5,770 additional shares in PepsiCo during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 268,386 shares of PepsiCo which is valued at $27,960,453.PepsiCo makes up approximately 5.47% of Rehmann Capital Advisory Group’s portfolio.

Other Hedge Funds, Including , Engineers Gate Manager Lp added PEP to its portfolio by purchasing 10,100 company shares during the most recent quarter which is valued at $1,052,218. PepsiCo makes up approx 0.08% of Engineers Gate Manager Lp’s portfolio.Cadence Bank Na boosted its stake in PEP in the latest quarter, The investment management firm added 720 additional shares and now holds a total of 8,648 shares of PepsiCo which is valued at $907,694. PepsiCo makes up approx 0.47% of Cadence Bank Na’s portfolio.Capital Investment Counsel Inc reduced its stake in PEP by selling 25 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 4,953 shares of PEP which is valued at $519,867. PepsiCo makes up approx 0.27% of Capital Investment Counsel Inc’s portfolio.Buffington Mohr Mcneal boosted its stake in PEP in the latest quarter, The investment management firm added 340 additional shares and now holds a total of 18,146 shares of PepsiCo which is valued at $1,868,312. PepsiCo makes up approx 0.82% of Buffington Mohr Mcneal’s portfolio.Louisiana State Employees Retirement System reduced its stake in PEP by selling 5,300 shares or 5.2% in the most recent quarter. The Hedge Fund company now holds 96,700 shares of PEP which is valued at $9,956,232. PepsiCo makes up approx 0.52% of Louisiana State Employees Retirement System’s portfolio.

PepsiCo closed down -1.92 points or -1.81% at $104.18 with 78,11,530 shares getting traded on Friday. Post opening the session at $105.75, the shares hit an intraday low of $103.54 and an intraday high of $106.1 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.

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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