Carnegie Capital Asset Management buys $9,405,713 stake in PepsiCo (PEP)

PepsiCo (PEP) : Carnegie Capital Asset Management scooped up 3,672 additional shares in PepsiCo during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 90,640 shares of PepsiCo which is valued at $9,405,713.PepsiCo makes up approximately 1.42% of Carnegie Capital Asset Management’s portfolio.

PepsiCo closed down -0.05 points or -0.05% at $103.72 with 77,36,904 shares getting traded on Monday. Post opening the session at $104.16, the shares hit an intraday low of $103.5 and an intraday high of $104.59 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Tufton Capital Management reduced its stake in PEP by selling 404 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 44,031 shares of PEP which is valued at $4,569,097. PepsiCo makes up approx 1.13% of Tufton Capital Management’s portfolio.Gavekal Capital reduced its stake in PEP by selling 8,603 shares or 6.19% in the most recent quarter. The Hedge Fund company now holds 130,348 shares of PEP which is valued at $13,526,212. PepsiCo makes up approx 4.90% of Gavekal Capital’s portfolio.Lau Associates reduced its stake in PEP by selling 500 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 61,205 shares of PEP which is valued at $6,351,243. PepsiCo makes up approx 6.46% of Lau Associates’s portfolio.Chicago Trust Co Na reduced its stake in PEP by selling 2,773 shares or 5.28% in the most recent quarter. The Hedge Fund company now holds 49,712 shares of PEP which is valued at $5,184,962. PepsiCo makes up approx 2.25% of Chicago Trust Co Na’s portfolio.British Columbia Investment Management Corp reduced its stake in PEP by selling 51,683 shares or 5.88% in the most recent quarter. The Hedge Fund company now holds 827,417 shares of PEP which is valued at $86,299,593. PepsiCo makes up approx 0.82% of British Columbia Investment Management Corp’s portfolio.

On the company’s financial health, PepsiCo reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $0.81. The company had revenue of $11862.00 million for the quarter, compared to analysts expectations of $12000.40 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.83 EPS.

Many Wall Street Analysts have commented on PepsiCo. PepsiCo was Downgraded by Stifel to ” Hold” on Apr 14, 2016. Company shares were Reiterated by UBS on Mar 23, 2016 to “Buy”, Firm has raised the Price Target to $ 113 from a previous price target of $108 .PepsiCo was Downgraded by Sterne Agee CRT to ” Neutral” on Feb 26, 2016.

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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