Generali Investments Management Co LLC Has $2.33 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Generali Investments Management Co LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 14.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,556 shares of the company's stock after purchasing an additional 1,998 shares during the period. Generali Investments Management Co LLC's holdings in PepsiCo were worth $2,332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tallon Kerry Patrick bought a new stake in shares of PepsiCo during the 4th quarter worth about $224,000. Brighton Jones LLC raised its position in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after buying an additional 6,574 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of PepsiCo during the 4th quarter worth about $9,268,000. Absher Wealth Management LLC raised its holdings in shares of PepsiCo by 4.9% in the 4th quarter. Absher Wealth Management LLC now owns 214,431 shares of the company's stock worth $32,606,000 after purchasing an additional 9,960 shares in the last quarter. Finally, Tyche Wealth Partners LLC raised its holdings in shares of PepsiCo by 0.7% in the 4th quarter. Tyche Wealth Partners LLC now owns 199,790 shares of the company's stock worth $30,380,000 after purchasing an additional 1,325 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PEP. Barclays dropped their target price on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Citigroup dropped their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Bank of America dropped their target price on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research report on Thursday, April 24th. Finally, Morgan Stanley dropped their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $160.69.

PepsiCo Stock Down 0.8%

PEP stock traded down $1.08 during trading hours on Friday, hitting $130.03. The company's stock had a trading volume of 7,619,600 shares, compared to its average volume of 6,594,528. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $178.28 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91. The stock has a 50 day moving average price of $136.15 and a two-hundred day moving average price of $146.25.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.61 earnings per share. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $1.4225 dividend. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.38%. PepsiCo's dividend payout ratio is 83.68%.

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.