Montag Caldwell Lowers stake in PepsiCo (PEP)

PepsiCo (PEP) : Montag Caldwell reduced its stake in PepsiCo by 1.31% during the most recent quarter end. The investment management company now holds a total of 2,446,751 shares of PepsiCo which is valued at $256,810,985 after selling 32,517 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on May 3, 2016.PepsiCo makes up approximately 4.76% of Montag Caldwell’s portfolio.

Other Hedge Funds, Including , First National Bank Sioux Falls reduced its stake in PEP by selling 42 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 7,469 shares of PEP which is valued at $783,946. PepsiCo makes up approx 2.61% of First National Bank Sioux Falls’s portfolio.Clarkston Capital Partners boosted its stake in PEP in the latest quarter, The investment management firm added 5,013 additional shares and now holds a total of 299,984 shares of PepsiCo which is valued at $31,486,321. PepsiCo makes up approx 1.75% of Clarkston Capital Partners’s portfolio.Rock Point Advisors boosted its stake in PEP in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 6,782 shares of PepsiCo which is valued at $691,628. PepsiCo makes up approx 0.36% of Rock Point Advisors’s portfolio.Pecaut reduced its stake in PEP by selling 200 shares or 1.15% in the most recent quarter. The Hedge Fund company now holds 17,150 shares of PEP which is valued at $1,748,957. PepsiCo makes up approx 1.72% of Pecaut’s portfolio.

PepsiCo opened for trading at $105.43 and hit $106.63 on the upside on Tuesday, eventually ending the session at $106.57, with a gain of 1.23% or 1.29 points. The heightened volatility saw the trading volume jump to 38,85,523 shares. Company has a market cap of $153,932 M.

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. 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 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 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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