Teachers Retirement System Of The State Of Kentucky Lowers stake in PepsiCo (PEP)

PepsiCo (PEP) : Teachers Retirement System Of The State Of Kentucky reduced its stake in PepsiCo by 0.77% during the most recent quarter end. The investment management company now holds a total of 697,369 shares of PepsiCo which is valued at $75,727,300 after selling 5,400 shares in PepsiCo , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.PepsiCo makes up approximately 0.93% of Teachers Retirement System Of The State Of Kentucky’s portfolio.

Other Hedge Funds, Including , Intact Investment Management boosted its stake in PEP in the latest quarter, The investment management firm added 2,900 additional shares and now holds a total of 212,900 shares of PepsiCo which is valued at $23,118,811. PepsiCo makes up approx 1.09% of Intact Investment Management’s portfolio.Kidder Stephen W reduced its stake in PEP by selling 180 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 51,850 shares of PEP which is valued at $5,624,688. PepsiCo makes up approx 2.17% of Kidder Stephen W’s portfolio.Interocean Capital boosted its stake in PEP in the latest quarter, The investment management firm added 1,137 additional shares and now holds a total of 104,113 shares of PepsiCo which is valued at $11,312,919. PepsiCo makes up approx 2.65% of Interocean Capital’s portfolio.Reilly Financial Advisors boosted its stake in PEP in the latest quarter, The investment management firm added 319 additional shares and now holds a total of 115,982 shares of PepsiCo which is valued at $12,530,695. PepsiCo makes up approx 2.24% of Reilly Financial Advisors’s portfolio.Dupont Capital Management Corp reduced its stake in PEP by selling 6,525 shares or 4.53% in the most recent quarter. The Hedge Fund company now holds 137,391 shares of PEP which is valued at $14,843,724. PepsiCo makes up approx 0.32% of Dupont Capital Management 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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