Partnervest Advisory Services buys $3,097,789 stake in PepsiCo (PEP)

PepsiCo (PEP) : Partnervest Advisory Services scooped up 26,630 additional shares in PepsiCo during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 29,514 shares of PepsiCo which is valued at $3,097,789.PepsiCo makes up approximately 1.74% of Partnervest Advisory Services’s portfolio.

Other Hedge Funds, Including , First Dallas Securities boosted its stake in PEP in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 2,147 shares of PepsiCo which is valued at $225,349. PepsiCo makes up approx 0.18% of First Dallas Securities’s portfolio.Bartlett boosted its stake in PEP in the latest quarter, The investment management firm added 409 additional shares and now holds a total of 481,649 shares of PepsiCo which is valued at $50,553,879. PepsiCo makes up approx 2.53% of Bartlett’s portfolio.Hendershot Investments reduced its stake in PEP by selling 15,583 shares or 51.91% in the most recent quarter. The Hedge Fund company now holds 14,438 shares of PEP which is valued at $1,515,412. PepsiCo makes up approx 0.78% of Hendershot Investments’s portfolio.Barrett Asset Management reduced its stake in PEP by selling 4,855 shares or 2.17% in the most recent quarter. The Hedge Fund company now holds 219,275 shares of PEP which is valued at $22,576,554. PepsiCo makes up approx 1.93% of Barrett Asset Management’s portfolio.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.

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.

Leave a Reply

PepsiCo - Is it time to Sell?

Top Brokerage Firms are advising their investors on PepsiCo. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.