Ajo Lp buys $317,405,283 stake in PepsiCo (PEP)

PepsiCo (PEP) : Ajo Lp scooped up 197,629 additional shares in PepsiCo during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 2,935,133 shares of PepsiCo which is valued at $317,405,283.PepsiCo makes up approximately 1.35% of Ajo Lp’s portfolio.

Other Hedge Funds, Including , Bruderman Asset Management boosted its stake in PEP in the latest quarter, The investment management firm added 4,681 additional shares and now holds a total of 52,303 shares of PepsiCo which is valued at $5,656,046. PepsiCo makes up approx 1.75% of Bruderman Asset Management’s portfolio.Assetmark Inc boosted its stake in PEP in the latest quarter, The investment management firm added 171 additional shares and now holds a total of 2,910 shares of PepsiCo which is valued at $315,677. PepsiCo makes up approx 0.01% of Assetmark Inc’s portfolio.Finemark National Bank Trust boosted its stake in PEP in the latest quarter, The investment management firm added 2,948 additional shares and now holds a total of 99,666 shares of PepsiCo which is valued at $10,811,768. PepsiCo makes up approx 1.16% of Finemark National Bank Trust’s portfolio.Front Barnett Associates reduced its stake in PEP by selling 887 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 125,362 shares of PEP which is valued at $13,544,110. PepsiCo makes up approx 2.65% of Front Barnett Associates’s portfolio.Rnc Capital Management reduced its stake in PEP by selling 4,363 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 293,281 shares of PEP which is valued at $31,521,842. PepsiCo makes up approx 2.85% of Rnc Capital Management’s portfolio.

PepsiCo opened for trading at $107.95 and hit $108.53 on the upside on Wednesday, eventually ending the session at $108.47, with a gain of 0.44% or 0.47 points. The heightened volatility saw the trading volume jump to 29,63,855 shares. Company has a market cap of $156,105 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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