Investment Counsel Lowers stake in PepsiCo (PEP)

PepsiCo (PEP) : Investment Counsel reduced its stake in PepsiCo by 7.44% during the most recent quarter end. The investment management company now holds a total of 24,864 shares of PepsiCo which is valued at $2,580,137 after selling 1,999 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.PepsiCo makes up approximately 2.39% of Investment Counsel’s portfolio.

PepsiCo opened for trading at $103.24 and hit $103.81 on the upside on Friday, eventually ending the session at $103.77, with a gain of 0.59% or 0.61 points. The heightened volatility saw the trading volume jump to 45,53,463 shares. Company has a market cap of $149,990 M.

Other Hedge Funds, Including , Central Bank Trust Co boosted its stake in PEP in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 6,040 shares of PepsiCo which is valued at $626,771. PepsiCo makes up approx 0.17% of Central Bank Trust Co’s portfolio.Partnerre Asset Management Corp reduced its stake in PEP by selling 100 shares or 1.02% in the most recent quarter. The Hedge Fund company now holds 9,744 shares of PEP which is valued at $1,016,299. PepsiCo makes up approx 0.54% of Partnerre Asset Management Corp’s portfolio.First Premier Bank reduced its stake in PEP by selling 431 shares or 1.81% in the most recent quarter. The Hedge Fund company now holds 23,432 shares of PEP which is valued at $2,443,958. PepsiCo makes up approx 1.97% of First Premier Bank’s portfolio.West Oak Capital reduced its stake in PEP by selling 450 shares or 3.03% in the most recent quarter. The Hedge Fund company now holds 14,401 shares of PEP which is valued at $1,502,024. PepsiCo makes up approx 1.17% of West Oak Capital’s portfolio.

On the company’s financial health, PepsiCo reported $1.06 EPS for the quarter, based on the information available during the earnings call on Feb 11, 2016. Analyst had a consensus estimate of $1.06. The company had revenue of $18585.00 million for the quarter, compared to analysts expectations of $18506.94 million. The company’s revenue was down -6.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.12 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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