Whalerock Point Partners Lowers stake in PepsiCo (PEP)

PepsiCo (PEP) : Whalerock Point Partners reduced its stake in PepsiCo by 5.94% during the most recent quarter end. The investment management company now holds a total of 46,243 shares of PepsiCo which is valued at $4.7 Million after selling 2,921 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on May 25, 2016.PepsiCo makes up approximately 2.00% of Whalerock Point Partners’s portfolio.

Other Hedge Funds, Including , Strategic Wealth Advisors Groupinc. added PEP to its portfolio by purchasing 11,195 company shares during the most recent quarter which is valued at $1.1 Million. PepsiCo makes up approx 0.36% of Strategic Wealth Advisors Groupinc.’s portfolio.Fred Alger Management Inc boosted its stake in PEP in the latest quarter, The investment management firm added 997,409 additional shares and now holds a total of 3,074,279 shares of PepsiCo which is valued at $307.7 Million. PepsiCo makes up approx 1.58% of Fred Alger Management Inc’s portfolio.Midwest Investment Management boosted its stake in PEP in the latest quarter, The investment management firm added 925 additional shares and now holds a total of 2,975 shares of PepsiCo which is valued at $309,936. PepsiCo makes up approx 0.25% of Midwest Investment Management’s portfolio.Azimuth Capital Management boosted its stake in PEP in the latest quarter, The investment management firm added 2,640 additional shares and now holds a total of 220,290 shares of PepsiCo which is valued at $22.9 Million. PepsiCo makes up approx 2.20% of Azimuth Capital Management’s portfolio.Columbia Partners L L C Investment Management boosted its stake in PEP in the latest quarter, The investment management firm added 1,736 additional shares and now holds a total of 28,548 shares of PepsiCo which is valued at $3 Million. PepsiCo makes up approx 0.22% of Columbia Partners L L C Investment Management’s portfolio.

PepsiCo opened for trading at $100.56 and hit $101.6 on the upside on Wednesday, eventually ending the session at $101.57, with a gain of 1.15% or 1.1525 points. The heightened volatility saw the trading volume jump to 47,41,392 shares. Company has a market cap of $146,709 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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