Generali Asset Management SPA SGR Trims Stock Position in PepsiCo, Inc. $PEP

Key Points

• Generali Asset Management SPA SGR reduced its stake in PepsiCo, Inc. by 14.8%, owning 87,119 shares after selling 15,156 shares in the second quarter.
• Several institutional investors, including Brighton Jones LLC and GAMMA Investing LLC, have increased their stakes in PepsiCo during recent quarters.
• PepsiCo reported earnings of $2.29 per share, exceeding analyst estimates, with a revenue of $23.94 billion for the quarter, reflecting a 2.7% year-over-year increase.

Generali Asset Management SPA SGR cut its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 14.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,119 shares of the company's stock after selling 15,156 shares during the quarter. Generali Asset Management SPA SGR's holdings in PepsiCo were worth $11,503,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after purchasing an additional 6,574 shares during the period. GAMMA Investing LLC raised its holdings in PepsiCo by 28.1% in the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company's stock worth $4,589,000 after purchasing an additional 6,712 shares in the last quarter. Sagespring Wealth Partners LLC lifted its position in PepsiCo by 2.7% during the first quarter. Sagespring Wealth Partners LLC now owns 10,220 shares of the company's stock valued at $1,532,000 after buying an additional 266 shares during the period. Grimes & Company Inc. boosted its holdings in shares of PepsiCo by 3.0% during the 1st quarter. Grimes & Company Inc. now owns 74,861 shares of the company's stock valued at $11,225,000 after buying an additional 2,188 shares in the last quarter. Finally, Grove Bank & Trust grew its position in shares of PepsiCo by 13.4% in the 1st quarter. Grove Bank & Trust now owns 8,535 shares of the company's stock worth $1,280,000 after buying an additional 1,008 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PEP. Royal Bank Of Canada lowered their price target on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research report on Monday, September 15th. JPMorgan Chase & Co. dropped their price target on PepsiCo from $157.00 to $151.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Weiss Ratings reiterated a "hold (c)" rating on shares of PepsiCo in a research note on Tuesday. Finally, Rothschild & Co Redburn increased their target price on PepsiCo from $115.00 to $117.00 and gave the stock a "sell" rating in a research note on Monday. Six investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus price target of $156.00.

PepsiCo Trading Up 1.8%

Shares of NASDAQ:PEP opened at $151.54 on Wednesday. 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, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The company has a market cap of $207.21 billion, a P/E ratio of 28.81, a PEG ratio of 3.62 and a beta of 0.46. The stock's fifty day moving average price is $144.96 and its 200-day moving average price is $139.27.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates 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 was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo's dividend payout ratio (DPR) is currently 108.17%.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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