Shell Asset Management Co buys $47,024,327 stake in PepsiCo (PEP)

PepsiCo (PEP) : Shell Asset Management Co scooped up 40,135 additional shares in PepsiCo during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 437,517 shares of PepsiCo which is valued at $47,024,327.PepsiCo makes up approximately 1.09% of Shell Asset Management Co’s portfolio.

Other Hedge Funds, Including , Cottage Street Advisors reduced its stake in PEP by selling 140 shares or 0.67% in the most recent quarter. The Hedge Fund company now holds 20,856 shares of PEP which is valued at $2,241,603. PepsiCo makes up approx 1.75% of Cottage Street Advisors’s portfolio.Chesley Taft Associates boosted its stake in PEP in the latest quarter, The investment management firm added 6,861 additional shares and now holds a total of 250,398 shares of PepsiCo which is valued at $27,340,958. PepsiCo makes up approx 2.72% of Chesley Taft Associates’s portfolio.Cibc World Markets boosted its stake in PEP in the latest quarter, The investment management firm added 11,720 additional shares and now holds a total of 52,811 shares of PepsiCo which is valued at $5,766,433. PepsiCo makes up approx 0.02% of Cibc World Markets’s portfolio.Burns J W Co Incny boosted its stake in PEP in the latest quarter, The investment management firm added 508 additional shares and now holds a total of 101,816 shares of PepsiCo which is valued at $11,119,325. PepsiCo makes up approx 3.29% of Burns J W Co Incny’s portfolio.Gw&k Investment Management reduced its stake in PEP by selling 1,293 shares or 1.81% in the most recent quarter. The Hedge Fund company now holds 69,997 shares of PEP which is valued at $7,693,370. PepsiCo makes up approx 0.16% of Gw&k Investment Management’s portfolio.

PepsiCo opened for trading at $108.26 and hit $109.11 on the upside on Friday, eventually ending the session at $108.92, with a gain of 0.73% or 0.79 points. The heightened volatility saw the trading volume jump to 39,95,291 shares. Company has a market cap of $156,753 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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