North American Management Corp Lowers stake in PepsiCo (PEP)

PepsiCo (PEP) : North American Management Corp reduced its stake in PepsiCo by 4.84% during the most recent quarter end. The investment management company now holds a total of 204,046 shares of PepsiCo which is valued at $21,173,853 after selling 10,380 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.PepsiCo makes up approximately 3.41% of North American Management Corp’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 , Gradient Investments reduced its stake in PEP by selling 733 shares or 33.89% in the most recent quarter. The Hedge Fund company now holds 1,430 shares of PEP which is valued at $148,391. PepsiCo makes up approx 0.02% of Gradient Investments’s portfolio.Bkd Wealth Advisors reduced its stake in PEP by selling 389 shares or 1.01% in the most recent quarter. The Hedge Fund company now holds 38,104 shares of PEP which is valued at $3,954,052. PepsiCo makes up approx 0.62% of Bkd Wealth Advisors’s portfolio.Greylin Investment Mangement Inc reduced its stake in PEP by selling 1,175 shares or 3.32% in the most recent quarter. The Hedge Fund company now holds 34,195 shares of PEP which is valued at $3,566,539. PepsiCo makes up approx 0.84% of Greylin Investment Mangement Inc’s portfolio.Community Trust Investment Co boosted its stake in PEP in the latest quarter, The investment management firm added 8,416 additional shares and now holds a total of 116,620 shares of PepsiCo which is valued at $12,163,466. PepsiCo makes up approx 1.57% of Community Trust Investment Co’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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