Generali Investments CEE investicni spolecnost a.s. Boosts Stock Position in PepsiCo, Inc. $PEP

Key Points

• Generali Investments CEE increased its stake in PepsiCo, Inc. by 16.2%, now holding 53,003 shares valued at approximately $6.99 million.
• For the second quarter, PepsiCo reported earnings per share of $2.12, exceeding estimates, with a revenue of $22.73 billion, marking a year-over-year increase of 1.0%.
• PepsiCo declared a quarterly dividend of $1.4225, resulting in an annualized yield of 4.1%, with a payout ratio of 103.64% as of the most recent quarter.

Generali Investments CEE investicni spolecnost a.s. lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 16.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,003 shares of the company's stock after purchasing an additional 7,380 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.'s holdings in PepsiCo were worth $6,999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Nova Wealth Management Inc. purchased a new position in PepsiCo during the first quarter worth $25,000. Elite Financial Inc. purchased a new position in PepsiCo during the first quarter worth $28,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo during the second quarter worth $29,000. Investment Research & Advisory Group Inc. boosted its stake in PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock worth $42,000 after buying an additional 232 shares during the period. Finally, MorganRosel Wealth Management LLC purchased a new position in PepsiCo during the first quarter worth $55,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

PEP stock opened at $140.44 on Wednesday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The business has a 50-day moving average price of $144.49 and a 200 day moving average price of $139.54. The company has a market capitalization of $192.27 billion, a P/E ratio of 25.58, a PEG ratio of 3.54 and a beta of 0.46. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, September 5th. PepsiCo's payout ratio is presently 103.64%.

Analyst Upgrades and Downgrades

Several research firms have commented on PEP. Morgan Stanley lifted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Royal Bank Of Canada dropped their price objective on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research note on Monday, September 15th. Citigroup decreased their target price on PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, September 25th. Wells Fargo & Company decreased their target price on PepsiCo from $154.00 to $150.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Finally, JPMorgan Chase & Co. decreased their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $158.13.

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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