Iowa State Bank Lowers stake in PepsiCo (PEP)

PepsiCo (PEP) : Iowa State Bank reduced its stake in PepsiCo by 0.3% during the most recent quarter end. The investment management company now holds a total of 45,719 shares of PepsiCo which is valued at $4,949,996 after selling 138 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.PepsiCo makes up approximately 2.51% of Iowa State Bank’s portfolio.

Other Hedge Funds, Including , M. Kraus Co reduced its stake in PEP by selling 550 shares or 1.19% in the most recent quarter. The Hedge Fund company now holds 45,666 shares of PEP which is valued at $4,944,258. PepsiCo makes up approx 2.89% of M. Kraus Co’s portfolio.Boltwood Capital Management reduced its stake in PEP by selling 50 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 13,532 shares of PEP which is valued at $1,440,075. PepsiCo makes up approx 1.20% of Boltwood Capital Management’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in PEP in the latest quarter, The investment management firm added 383 additional shares and now holds a total of 94,251 shares of PepsiCo which is valued at $10,030,191. PepsiCo makes up approx 1.94% of First Financial Bank N.a. – Trust Division’s portfolio.New England Research Management reduced its stake in PEP by selling 300 shares or 4.48% in the most recent quarter. The Hedge Fund company now holds 6,399 shares of PEP which is valued at $680,982. PepsiCo makes up approx 0.59% of New England Research Management’s portfolio.Cullinan Associates Inc reduced its stake in PEP by selling 5,284 shares or 3.68% in the most recent quarter. The Hedge Fund company now holds 138,249 shares of PEP which is valued at $14,603,242. PepsiCo makes up approx 1.19% of Cullinan Associates Inc’s portfolio.

PepsiCo opened for trading at $108.16 and hit $109.1298 on the upside on Monday, eventually ending the session at $108.91, with a gain of 0.59% or 0.64 points. The heightened volatility saw the trading volume jump to 64,46,579 shares. Company has a market cap of $156,739 M.

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.

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