Stillwater Capital Advisors Lowers stake in PepsiCo (PEP)

PepsiCo (PEP) : Stillwater Capital Advisors reduced its stake in PepsiCo by 0.22% during the most recent quarter end. The investment management company now holds a total of 107,643 shares of PepsiCo which is valued at $11,831,042 after selling 232 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.PepsiCo makes up approximately 3.44% of Stillwater Capital Advisors’s portfolio.

Other Hedge Funds, Including , Gw&k Investment Management reduced its stake in PEP by selling 1,293 shares or 1.81% in the most recent quarter. The Hedge Fund company now holds 69,997 shares of PEP which is valued at $7,693,370. PepsiCo makes up approx 0.16% of Gw&k Investment Management’s portfolio.Raymond James Trust N.a. reduced its stake in PEP by selling 3,776 shares or 3.75% in the most recent quarter. The Hedge Fund company now holds 96,784 shares of PEP which is valued at $10,478,804. PepsiCo makes up approx 0.88% of Raymond James Trust N.a.’s portfolio.First National Bank Trust Co Of Newtown reduced its stake in PEP by selling 125 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 65,051 shares of PEP which is valued at $7,043,072. PepsiCo makes up approx 2.15% of First National Bank Trust Co Of Newtown’s portfolio.Integrated Investment Consultants boosted its stake in PEP in the latest quarter, The investment management firm added 2,713 additional shares and now holds a total of 7,025 shares of PepsiCo which is valued at $747,601. PepsiCo makes up approx 0.39% of Integrated Investment Consultants’s portfolio.

PepsiCo opened for trading at $109.07 and hit $110.06 on the upside on Wednesday, eventually ending the session at $109.91, with a gain of 1.03% or 1.12 points. The heightened volatility saw the trading volume jump to 52,32,139 shares. Company has a market cap of $158,178 M.

On the company’s financial health, PepsiCo reported $1.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 7, 2016. Analyst had a consensus of $1.30. The company had revenue of $15395.00 million for the quarter, compared to analysts expectations of $15404.54 million. The company’s revenue was down -3.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.32 EPS.

Many Wall Street Analysts have commented on PepsiCo. Company shares were Reiterated by UBS on Jul 8, 2016 to “Buy”, Firm has raised the Price Target to $ 119 from a previous price target of $113 .Company shares were Reiterated by Deutsche Bank on Jul 8, 2016 to “Buy”, Firm has raised the Price Target to $ 120 from a previous price target of $115 .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. (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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