Mai Capital Management Lowers stake in PepsiCo (PEP)

PepsiCo (PEP) : Mai Capital Management reduced its stake in PepsiCo by 8.55% during the most recent quarter end. The investment management company now holds a total of 156,332 shares of PepsiCo which is valued at $17,073,018 after selling 14,611 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on Jul 14, 2016.PepsiCo makes up approximately 1.36% of Mai Capital Management’s portfolio.

Other Hedge Funds, Including , Gradient Investments boosted its stake in PEP in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 1,530 shares of PepsiCo which is valued at $167,091. PepsiCo makes up approx 0.02% of Gradient Investments’s portfolio.North Star Investment Management Corp. boosted its stake in PEP in the latest quarter, The investment management firm added 54 additional shares and now holds a total of 49,865 shares of PepsiCo which is valued at $5,480,662. PepsiCo makes up approx 0.98% of North Star Investment Management Corp.’s portfolio.Davenport Co boosted its stake in PEP in the latest quarter, The investment management firm added 251 additional shares and now holds a total of 844,607 shares of PepsiCo which is valued at $92,830,755. PepsiCo makes up approx 1.38% of Davenport Co’s portfolio. Smith Affiliated Capital Corp. added PEP to its portfolio by purchasing 800 company shares during the most recent quarter which is valued at $87,928. PepsiCo makes up approx 0.05% of Smith Affiliated Capital Corp.’s portfolio.Iowa State Bank reduced its stake in PEP by selling 138 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 45,719 shares of PEP which is valued at $4,949,996. PepsiCo makes up approx 2.51% of Iowa State Bank’s portfolio.

PepsiCo closed down -0.45 points or -0.41% at $109.21 with 36,88,714 shares getting traded on Monday. Post opening the session at $109.66, the shares hit an intraday low of $108.84 and an intraday high of $109.7 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

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 .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 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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