Generali Asset Management SPA SGR Acquires 3,859 Shares of PepsiCo, Inc. $PEP

Generali Asset Management SPA SGR raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 90,978 shares of the company’s stock after acquiring an additional 3,859 shares during the period. Generali Asset Management SPA SGR’s holdings in PepsiCo were worth $12,777,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PEP. Invesco LLC grew its position in PepsiCo by 17.1% in the 3rd quarter. Invesco LLC now owns 6,274 shares of the company’s stock worth $881,000 after purchasing an additional 917 shares during the period. Edmp Inc. boosted its stake in shares of PepsiCo by 16.3% in the 3rd quarter. Edmp Inc. now owns 14,170 shares of the company’s stock worth $1,990,000 after buying an additional 1,987 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of PepsiCo by 42.2% in the third quarter. True Wealth Design LLC now owns 1,921 shares of the company’s stock worth $270,000 after acquiring an additional 570 shares during the period. RB Capital Management LLC lifted its holdings in PepsiCo by 0.6% in the third quarter. RB Capital Management LLC now owns 32,059 shares of the company’s stock valued at $4,502,000 after acquiring an additional 199 shares during the period. Finally, Financial Consulate Inc. purchased a new position in PepsiCo in the third quarter worth about $492,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 0.4%

Shares of PepsiCo stock opened at $143.52 on Friday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $160.15. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The company has a market capitalization of $196.24 billion, a P/E ratio of 27.29, a P/E/G ratio of 4.95 and a beta of 0.42. The company has a fifty day moving average of $146.56 and a 200 day moving average of $143.68.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.31 earnings per share. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, December 5th. PepsiCo’s dividend payout ratio (DPR) is 108.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. UBS Group reaffirmed a “buy” rating and set a $172.00 price target on shares of PepsiCo in a research report on Tuesday, December 9th. Royal Bank Of Canada decreased their price target on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Bank of America boosted their price objective on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. Finally, DZ Bank raised PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a report on Tuesday, October 21st. Eight equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $158.75.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.