PepsiCo (PEP) : Svenska Handelsbanken Ab (publ) scooped up 800,747 additional shares in PepsiCo during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 815,737 shares of PepsiCo which is valued at $89,657,654.PepsiCo makes up approximately 5.36% of Svenska Handelsbanken Ab (publ)’s portfolio.
Other Hedge Funds, Including , Washington Trust Bank boosted its stake in PEP in the latest quarter, The investment management firm added 180 additional shares and now holds a total of 12,194 shares of PepsiCo which is valued at $1,320,244. PepsiCo makes up approx 0.34% of Washington Trust Bank’s portfolio.Kistler-tiffany Companies boosted its stake in PEP in the latest quarter, The investment management firm added 669 additional shares and now holds a total of 26,625 shares of PepsiCo which is valued at $2,882,689. PepsiCo makes up approx 1.46% of Kistler-tiffany Companies’s portfolio.Boltwood Capital Management reduced its stake in PEP by selling 50 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 13,532 shares of PEP which is valued at $1,440,075. PepsiCo makes up approx 1.20% of Boltwood Capital Management’s portfolio.
PepsiCo closed down -0.3 points or -0.27% at $109.66 with 52,30,580 shares getting traded on Friday. Post opening the session at $109.77, the shares hit an intraday low of $108.97 and an intraday high of $110.49 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.