Colony Group Lowers stake in PepsiCo (PEP)

PepsiCo (PEP) : Colony Group reduced its stake in PepsiCo by 1.3% during the most recent quarter end. The investment management company now holds a total of 152,747 shares of PepsiCo which is valued at $16,586,797 after selling 2,007 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.PepsiCo makes up approximately 1.85% of Colony Group’s portfolio.

Other Hedge Funds, Including , Park Avenue Institutional Advisers reduced its stake in PEP by selling 64 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 9,114 shares of PEP which is valued at $989,689. PepsiCo makes up approx 0.82% of Park Avenue Institutional Advisers’s portfolio.Van Strum Towne reduced its stake in PEP by selling 6,910 shares or 12.25% in the most recent quarter. The Hedge Fund company now holds 49,483 shares of PEP which is valued at $5,373,359. PepsiCo makes up approx 3.44% of Van Strum Towne’s portfolio.Northern Capital Management reduced its stake in PEP by selling 25 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 10,393 shares of PEP which is valued at $1,117,040. PepsiCo makes up approx 0.48% of Northern Capital Management’s portfolio.Headinvest reduced its stake in PEP by selling 370 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 62,851 shares of PEP which is valued at $6,755,225. PepsiCo makes up approx 2.50% of Headinvest’s portfolio.Sigma Planning Corp boosted its stake in PEP in the latest quarter, The investment management firm added 612 additional shares and now holds a total of 26,132 shares of PepsiCo which is valued at $2,853,353. PepsiCo makes up approx 0.36% of Sigma Planning Corp’s portfolio.

PepsiCo opened for trading at $106.46 and hit $107.34 on the upside on Thursday, eventually ending the session at $107.29, with a gain of 0.51% or 0.54 points. The heightened volatility saw the trading volume jump to 37,99,038 shares. Company has a market cap of $154,407 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 .

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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