Liberty Mutual Group Asset Management buys $14,835,023 stake in PepsiCo (PEP)

PepsiCo (PEP) : Liberty Mutual Group Asset Management scooped up 20,090 additional shares in PepsiCo during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 136,615 shares of PepsiCo which is valued at $14,835,023.PepsiCo makes up approximately 0.53% of Liberty Mutual Group Asset Management’s portfolio.

Other Hedge Funds, Including , Proshare Advisors boosted its stake in PEP in the latest quarter, The investment management firm added 109,852 additional shares and now holds a total of 546,795 shares of PepsiCo which is valued at $59,376,469. PepsiCo makes up approx 0.73% of Proshare Advisors’s portfolio.First Mercantile Trust Co reduced its stake in PEP by selling 4,861 shares or 10.54% in the most recent quarter. The Hedge Fund company now holds 41,271 shares of PEP which is valued at $4,481,618. PepsiCo makes up approx 0.53% of First Mercantile Trust Co’s portfolio.Ubs Asset Management Americas Inc boosted its stake in PEP in the latest quarter, The investment management firm added 480,168 additional shares and now holds a total of 7,854,989 shares of PepsiCo which is valued at $852,109,207. PepsiCo makes up approx 0.94% of Ubs Asset Management Americas Inc’s portfolio.Dimensional Fund Advisors Lp boosted its stake in PEP in the latest quarter, The investment management firm added 29,939 additional shares and now holds a total of 3,211,217 shares of PepsiCo which is valued at $347,261,006. PepsiCo makes up approx 0.19% of Dimensional Fund Advisors Lp’s portfolio.Duff Phelps Investment Management Co reduced its stake in PEP by selling 600 shares or 3.1% in the most recent quarter. The Hedge Fund company now holds 18,770 shares of PEP which is valued at $2,044,428. PepsiCo makes up approx 0.03% of Duff Phelps Investment Management Co’s portfolio.

PepsiCo opened for trading at $107.5 and hit $108.01 on the upside on Monday, eventually ending the session at $107.99, with a gain of 0.50% or 0.54 points. The heightened volatility saw the trading volume jump to 25,76,351 shares. Company has a market cap of $155,415 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.

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