PepsiCo (PEP) : Hussman Strategic Advisors reduced its stake in PepsiCo by 59.56% during the most recent quarter end. The investment management company now holds a total of 51,200 shares of PepsiCo which is valued at $5,531,648 after selling 75,400 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.PepsiCo makes up approximately 0.82% of Hussman Strategic Advisors’s portfolio.
Other Hedge Funds, Including , Stelac Advisory Services boosted its stake in PEP in the latest quarter, The investment management firm added 145 additional shares and now holds a total of 1,185 shares of PepsiCo which is valued at $128,027. PepsiCo makes up approx 0.04% of Stelac Advisory Services’s portfolio.Norris Perne French Llpmi reduced its stake in PEP by selling 11,443 shares or 11.35% in the most recent quarter. The Hedge Fund company now holds 89,371 shares of PEP which is valued at $9,605,595. PepsiCo makes up approx 2.01% of Norris Perne French Llpmi’s portfolio.Mai Capital Management reduced its stake in PEP by selling 14,611 shares or 8.55% in the most recent quarter. The Hedge Fund company now holds 156,332 shares of PEP which is valued at $17,073,018. PepsiCo makes up approx 1.36% of Mai Capital Management’s portfolio. Leith Wheeler Investment Counsel Ltd. added PEP to its portfolio by purchasing 1,566 company shares during the most recent quarter which is valued at $169,551. PepsiCo makes up approx 0.15% of Leith Wheeler Investment Counsel Ltd.’s portfolio.First National Bank Trust Co Of Newtown reduced its stake in PEP by selling 125 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 65,051 shares of PEP which is valued at $7,043,072. PepsiCo makes up approx 2.15% of First National Bank Trust Co Of Newtown’s portfolio.
PepsiCo opened for trading at $108.17 and hit $108.55 on the upside on Thursday, eventually ending the session at $108.42, with a gain of 0.35% or 0.38 points. The heightened volatility saw the trading volume jump to 32,26,924 shares. Company has a market cap of $156,033 M.
On the company’s financial health, PepsiCo reported $1.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 7, 2016. Analyst had a consensus of $1.30. The company had revenue of $15395.00 million for the quarter, compared to analysts expectations of $15404.54 million. The company’s revenue was down -3.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.32 EPS.
Investors should note that on Jul 14, 2016, PepsiCo announced a cash dividend of $0.7525. The company’s management has announced Aug 31, 2016 as the ex-dividend date and fixed the record date on Sep 2, 2016. The payable date has been fixed on Sep 30, 2016.
Many Wall Street Analysts have commented on PepsiCo. Company shares were Reiterated by UBS on Jul 8, 2016 to “Buy”, Firm has raised the Price Target to $ 119 from a previous price target of $113 .Company shares were Reiterated by Deutsche Bank on Jul 8, 2016 to “Buy”, Firm has raised the Price Target to $ 120 from a previous price target of $115 .
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.