Lakeview Capital Partners Lowers stake in PepsiCo (PEP)

PepsiCo (PEP) : Lakeview Capital Partners reduced its stake in PepsiCo by 5.58% during the most recent quarter end. The investment management company now holds a total of 23,214 shares of PepsiCo which is valued at $2,436,541 after selling 1,373 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on May 3, 2016.PepsiCo makes up approximately 1.55% of Lakeview Capital Partners’s portfolio.

Other Hedge Funds, Including , Family Capital Trust Co boosted its stake in PEP in the latest quarter, The investment management firm added 2,329 additional shares and now holds a total of 35,891 shares of PepsiCo which is valued at $3,660,164. PepsiCo makes up approx 2.08% of Family Capital Trust Co’s portfolio.Woodley Farra Manion Portfolio Management Inc boosted its stake in PEP in the latest quarter, The investment management firm added 3,092 additional shares and now holds a total of 227,660 shares of PepsiCo which is valued at $23,216,767. PepsiCo makes up approx 3.85% of Woodley Farra Manion Portfolio Management Inc’s portfolio.

PepsiCo opened for trading at $105.43 and hit $106.63 on the upside on Tuesday, eventually ending the session at $106.57, with a gain of 1.23% or 1.29 points. The heightened volatility saw the trading volume jump to 38,85,523 shares. Company has a market cap of $153,932 M.

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.

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