Northwest Investment Counselors buys $3,334,440 stake in PEPSICO INC COM (PEP)

PEPSICO INC COM (PEP) : Northwest Investment Counselors scooped up 1,157 additional shares in PEPSICO INC COM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 32,697 shares of PEPSICO INC COM which is valued at $3,334,440.PEPSICO INC COM makes up approximately 1.86% of Northwest Investment Counselors’s portfolio.

PEPSICO INC COM opened for trading at $102.72 and hit $103.36 on the upside on Wednesday, eventually ending the session at $102.63, with a gain of 0.03% or 0.03 points. The heightened volatility saw the trading volume jump to 37,30,939 shares. Company has a market cap of $148,241 M.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in PEP in the latest quarter, The investment management firm added 1,430 additional shares and now holds a total of 18,704 shares of PEPSICO INC COM which is valued at $1,907,434. PEPSICO INC COM makes up approx 0.51% of Advisory Services Network’s portfolio.Moreno Evelyn V boosted its stake in PEP in the latest quarter, The investment management firm added 1,155 additional shares and now holds a total of 46,085 shares of PEPSICO INC COM which is valued at $4,699,748. PEPSICO INC COM makes up approx 1.79% of Moreno Evelyn V’s portfolio. Beacon Capital Management sold out all of its stake in PEP during the most recent quarter. The investment firm sold 2 shares of PEP which is valued $204.North American Management Corp reduced its stake in PEP by selling 10,380 shares or 4.84% in the most recent quarter. The Hedge Fund company now holds 204,046 shares of PEP which is valued at $21,173,853. PEPSICO INC COM makes up approx 3.41% of North American Management Corp’s portfolio.First United Bank Trust reduced its stake in PEP by selling 304 shares or 1.6% in the most recent quarter. The Hedge Fund company now holds 18,642 shares of PEP which is valued at $1,934,480. PEPSICO INC COM makes up approx 1.76% of First United Bank Trust’s portfolio.

On the company’s financial health, PEPSICO INC COM 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 INC COM. 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 COM 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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