Laurel Wealth Advisors buys $2,131,622 stake in PepsiCo (PEP)

PepsiCo (PEP) : Laurel Wealth Advisors scooped up 1,707 additional shares in PepsiCo during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 19,630 shares of PepsiCo which is valued at $2,131,622.PepsiCo makes up approximately 1.01% of Laurel Wealth Advisors’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in PEP in the latest quarter, The investment management firm added 71,944 additional shares and now holds a total of 785,213 shares of PepsiCo which is valued at $85,266,280. PepsiCo makes up approx 0.73% of National Pension Service’s portfolio.Opus Investment Management Inc boosted its stake in PEP in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 58,000 shares of PepsiCo which is valued at $6,302,280. PepsiCo makes up approx 1.09% of Opus Investment Management Inc’s portfolio.Jlb Associates Inc boosted its stake in PEP in the latest quarter, The investment management firm added 196 additional shares and now holds a total of 78,036 shares of PepsiCo which is valued at $8,520,751. PepsiCo makes up approx 2.34% of Jlb Associates Inc’s portfolio.

PepsiCo closed down -0.08 points or -0.07% at $107.88 with 24,73,044 shares getting traded on Tuesday. Post opening the session at $108.25, the shares hit an intraday low of $107.7 and an intraday high of $108.55 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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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