Numeric Investors Lowers stake in PepsiCo (PEP)

PepsiCo (PEP) : Numeric Investors reduced its stake in PepsiCo by 15.47% during the most recent quarter end. The investment management company now holds a total of 1,904,255 shares of PepsiCo which is valued at $193,072,414 after selling 348,600 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.PepsiCo makes up approximately 1.96% of Numeric Investors’s portfolio.

Other Hedge Funds, Including , Capital International Ltd Ca reduced its stake in PEP by selling 1,900 shares or 10.8% in the most recent quarter. The Hedge Fund company now holds 15,700 shares of PEP which is valued at $1,591,823. PepsiCo makes up approx 0.13% of Capital International Ltd Ca’s portfolio.Yellowstone Partners boosted its stake in PEP in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 4,493 shares of PepsiCo which is valued at $481,066. PepsiCo makes up approx 0.18% of Yellowstone Partners’s portfolio.Greystone Managed Investments reduced its stake in PEP by selling 10,361 shares or 9.75% in the most recent quarter. The Hedge Fund company now holds 95,926 shares of PEP which is valued at $10,155,686. PepsiCo makes up approx 0.45% of Greystone Managed Investments’s portfolio.

PepsiCo closed down -0.31 points or -0.31% at $101.31 with 49,19,150 shares getting traded on Monday. Post opening the session at $101.4, the shares hit an intraday low of $101.175 and an intraday high of $101.8 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, PepsiCo reported $1.40 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.

Investors should note that on Nov 17, 2016, PepsiCo announced a cash dividend of $0.7525. The company’s management has announced Nov 30, 2016 as the ex-dividend date and fixed the record date on Dec 2, 2016. The payable date has been fixed on Jan 6, 2017.

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.

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