PepsiCo (PEP) : Huntington National Bank scooped up 40,060 additional shares in PepsiCo during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 490,867 shares of PepsiCo which is valued at $50,539,666.PepsiCo makes up approximately 1.28% of Huntington National Bank’s portfolio.
PepsiCo opened for trading at $102.74 and hit $103.87 on the upside on Monday, eventually ending the session at $103.43, with a gain of 0.46% or 0.47 points. The heightened volatility saw the trading volume jump to 39,98,114 shares. Company has a market cap of $149,396 M.
Other Hedge Funds, Including , Sumitomo Life Insurance Co reduced its stake in PEP by selling 9,333 shares or 15.53% in the most recent quarter. The Hedge Fund company now holds 50,760 shares of PEP which is valued at $5,226,250. PepsiCo makes up approx 0.68% of Sumitomo Life Insurance Co’s portfolio.Cardinal Capital Management reduced its stake in PEP by selling 42 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 32,019 shares of PEP which is valued at $3,265,298. PepsiCo makes up approx 1.34% of Cardinal Capital Management’s portfolio.Patten Patten Inctn reduced its stake in PEP by selling 860 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 56,283 shares of PEP which is valued at $5,840,487. PepsiCo makes up approx 0.83% of Patten Patten Inctn’s portfolio.Jacobs Coca reduced its stake in PEP by selling 1,425 shares or 1.53% in the most recent quarter. The Hedge Fund company now holds 91,715 shares of PEP which is valued at $9,517,266. PepsiCo makes up approx 2.26% of Jacobs Coca’s portfolio. Lynch Associatesin added PEP to its portfolio by purchasing 2,353 company shares during the most recent quarter which is valued at $244,171. PepsiCo makes up approx 0.11% of Lynch Associatesin’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. 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.