Taube Hodson Stonex Partners Llp Lowers stake in PepsiCo (PEP)

PepsiCo (PEP) : Taube Hodson Stonex Partners Llp reduced its stake in PepsiCo by 5.2% during the most recent quarter end. The investment management company now holds a total of 472,677 shares of PepsiCo which is valued at $51,621,055 after selling 25,946 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.PepsiCo makes up approximately 10.13% of Taube Hodson Stonex Partners Llp’s portfolio.

Other Hedge Funds, Including , Vista Capital Partners reduced its stake in PEP by selling 88 shares or 1.02% in the most recent quarter. The Hedge Fund company now holds 8,511 shares of PEP which is valued at $929,486. PepsiCo makes up approx 0.27% of Vista Capital Partners’s portfolio.Davenport Co boosted its stake in PEP in the latest quarter, The investment management firm added 251 additional shares and now holds a total of 844,607 shares of PepsiCo which is valued at $92,830,755. PepsiCo makes up approx 1.38% of Davenport Co’s portfolio.Quotient Investors reduced its stake in PEP by selling 6,827 shares or 22.82% in the most recent quarter. The Hedge Fund company now holds 23,091 shares of PEP which is valued at $2,537,932. PepsiCo makes up approx 1.16% of Quotient Investors’s portfolio.Lgt Capital Partners Ltd. reduced its stake in PEP by selling 21,460 shares or 15.98% in the most recent quarter. The Hedge Fund company now holds 112,868 shares of PEP which is valued at $12,405,322. PepsiCo makes up approx 2.10% of Lgt Capital Partners Ltd.’s portfolio.Baxter Bros Inc boosted its stake in PEP in the latest quarter, The investment management firm added 832 additional shares and now holds a total of 29,467 shares of PepsiCo which is valued at $3,190,392. PepsiCo makes up approx 1.00% of Baxter Bros Inc’s portfolio.

PepsiCo closed down -0.45 points or -0.41% at $109.21 with 36,88,714 shares getting traded on Monday. Post opening the session at $109.66, the shares hit an intraday low of $108.84 and an intraday high of $109.7 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, PepsiCo reported $1.35 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.

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 .Company shares were Reiterated by UBS on Apr 19, 2016 to “Buy”, Firm has raised the Price Target to $ 114 from a previous price target of $113 .

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 *