Gavekal Capital Exits Position in PepsiCo (PEP)

PepsiCo (PEP) : Gavekal Capital has sold out all of its stake in PepsiCo during the most recent quarter, according to the disclosure filed by the company on Oct 17, 2016 with the SEC. The investment management company has sold out 147,450 shares of PepsiCo which is valued at $15,752,084.

Other Hedge Funds, Including , Cwm reduced its stake in PEP by selling 124,775 shares or 97.83% in the most recent quarter. The Hedge Fund company now holds 2,769 shares of PEP which is valued at $295,812. PepsiCo makes up approx 0.02% of Cwm’s portfolio.Harwood Advisory Group boosted its stake in PEP in the latest quarter, The investment management firm added 1,766 additional shares and now holds a total of 12,407 shares of PepsiCo which is valued at $1,325,440. PepsiCo makes up approx 1.05% of Harwood Advisory Group’s portfolio.First Premier Bank boosted its stake in PEP in the latest quarter, The investment management firm added 1,975 additional shares and now holds a total of 25,257 shares of PepsiCo which is valued at $2,675,221. PepsiCo makes up approx 2.05% of First Premier Bank’s portfolio.Prospera Financial Services Inc boosted its stake in PEP in the latest quarter, The investment management firm added 94 additional shares and now holds a total of 11,404 shares of PepsiCo which is valued at $1,203,920. PepsiCo makes up approx 0.25% of Prospera Financial Services Inc’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in PEP in the latest quarter, The investment management firm added 25,805 additional shares and now holds a total of 42,719 shares of PepsiCo which is valued at $4,528,641. PepsiCo makes up approx 0.83% of Franklin Street Advisors Inc Nc’s portfolio.

PepsiCo opened for trading at $106.07 and hit $107.06 on the upside on Friday, eventually ending the session at $106.83, with a gain of 0.86% or 0.91 points. The heightened volatility saw the trading volume jump to 47,88,606 shares. Company has a market cap of $153,214 M.

On the company’s financial health, PepsiCo reported $1.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Sep 29, 2016. Analyst had a consensus of $1.32. The company had revenue of $16027.00 million for the quarter, compared to analysts expectations of $15865.42 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.35 EPS.

Many Wall Street Analysts have commented on PepsiCo. Shares were Reiterated by Jefferies on Sep 30, 2016 to “Buy” and Lowered the Price Target to $ 122 from a previous price target of $124 .Credit Suisse Initiated PepsiCo on Sep 16, 2016 to “Outperform”, Price Target of the shares are set at $121.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

PepsiCo - Is it time to Sell?

Top Brokerage Firms are advising their investors on PepsiCo. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.