Btr Capital Management Inc Lowers stake in PepsiCo (PEP)

PepsiCo (PEP) : Btr Capital Management Inc reduced its stake in PepsiCo by 1.0% during the most recent quarter end. The investment management company now holds a total of 108,593 shares of PepsiCo which is valued at $11,600,990 after selling 1,100 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.PepsiCo makes up approximately 2.65% of Btr Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Integrated Investment Consultants reduced its stake in PEP by selling 312 shares or 4.44% in the most recent quarter. The Hedge Fund company now holds 6,713 shares of PEP which is valued at $717,150. PepsiCo makes up approx 0.37% of Integrated Investment Consultants’s portfolio.Alta Capital Management reduced its stake in PEP by selling 5,229 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 350,523 shares of PEP which is valued at $37,127,396. PepsiCo makes up approx 2.35% of Alta Capital Management’s portfolio.Highland Capital Management reduced its stake in PEP by selling 4,496 shares or 4.53% in the most recent quarter. The Hedge Fund company now holds 94,733 shares of PEP which is valued at $10,034,119. PepsiCo makes up approx 0.86% of Highland Capital Management’s portfolio.Founders Capital Management reduced its stake in PEP by selling 650 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 99,227 shares of PEP which is valued at $10,539,892. PepsiCo makes up approx 5.93% of Founders Capital Management’s portfolio.Catawba Capital Management Va reduced its stake in PEP by selling 1,250 shares or 2.24% in the most recent quarter. The Hedge Fund company now holds 54,523 shares of PEP which is valued at $5,778,893. PepsiCo makes up approx 1.39% of Catawba Capital Management Va’s portfolio.

PepsiCo opened for trading at $106.07 and hit $107.06 on the upside on Friday, eventually ending the session at $106.83, with a gain of 0.86% or 0.91 points. The heightened volatility saw the trading volume jump to 47,88,606 shares. Company has a market cap of $153,214 M.

On the company’s financial health, PepsiCo reported $1.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Sep 29, 2016. Analyst had a consensus of $1.32. The company had revenue of $16027.00 million for the quarter, compared to analysts expectations of $15865.42 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.35 EPS.

Many Wall Street Analysts have commented on PepsiCo. Shares were Reiterated by Jefferies on Sep 30, 2016 to “Buy” and Lowered the Price Target to $ 122 from a previous price target of $124 .Credit Suisse Initiated PepsiCo on Sep 16, 2016 to “Outperform”, Price Target of the shares are set at $121.

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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