PepsiCo (PEP) : Stonebridge Capital Management Inc reduced its stake in PepsiCo by 2.17% during the most recent quarter end. The investment management company now holds a total of 79,830 shares of PepsiCo which is valued at $8,283,959 after selling 1,770 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.PepsiCo makes up approximately 3.50% of Stonebridge Capital Management Inc’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 , Exchange Capital Management reduced its stake in PEP by selling 539 shares or 1.34% in the most recent quarter. The Hedge Fund company now holds 39,639 shares of PEP which is valued at $4,113,339. PepsiCo makes up approx 1.75% of Exchange Capital Management’s portfolio.Beese Fulmer Investment Management reduced its stake in PEP by selling 2,102 shares or 2.19% in the most recent quarter. The Hedge Fund company now holds 93,902 shares of PEP which is valued at $9,744,211. PepsiCo makes up approx 2.79% of Beese Fulmer Investment Management’s portfolio.Trust Co boosted its stake in PEP in the latest quarter, The investment management firm added 1,919 additional shares and now holds a total of 42,182 shares of PepsiCo which is valued at $4,399,583. PepsiCo makes up approx 2.03% of Trust Co’s portfolio.Renaissance Investment Group reduced its stake in PEP by selling 1,259 shares or 2.04% in the most recent quarter. The Hedge Fund company now holds 60,595 shares of PEP which is valued at $6,288,549. PepsiCo makes up approx 3.15% of Renaissance Investment Group’s portfolio.
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. 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.