Generali Investments CEE investicni spolecnost a.s. Purchases 11,072 Shares of PepsiCo, Inc. $PEP

Generali Investments CEE investicni spolecnost a.s. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 20.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,075 shares of the company’s stock after acquiring an additional 11,072 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in PepsiCo were worth $8,999,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PEP. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo in the 1st quarter worth $25,000. Evolution Wealth Management Inc. purchased a new stake in shares of PepsiCo during the second quarter valued at $27,000. Legend Financial Advisors Inc. bought a new stake in PepsiCo in the 2nd quarter worth about $29,000. Vermillion & White Wealth Management Group LLC raised its position in PepsiCo by 107.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after buying an additional 121 shares during the last quarter. Finally, Frazier Financial Advisors LLC lifted its stake in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after acquiring an additional 122 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.8%

NASDAQ:PEP opened at $148.16 on Monday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $160.15. The business has a fifty day moving average price of $148.00 and a 200-day moving average price of $143.02. The firm has a market capitalization of $202.59 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 5.11 and a beta of 0.42. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

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

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, December 5th. PepsiCo’s dividend payout ratio is currently 108.17%.

Analysts Set New Price Targets

A number of brokerages have recently commented on PEP. Bank of America lifted their price target on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Barclays boosted their target price on shares of PepsiCo from $142.00 to $144.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 10th. The Goldman Sachs Group increased their price target on PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a report on Friday, October 10th. Wells Fargo & Company lifted their price objective on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Finally, Wall Street Zen upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $158.75.

PepsiCo Company 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.