Generali Asset Management SPA SGR Sells 15,156 Shares of PepsiCo, Inc. $PEP

Generali Asset Management SPA SGR lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 14.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 87,119 shares of the company’s stock after selling 15,156 shares during the period. Generali Asset Management SPA SGR’s holdings in PepsiCo were worth $11,503,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Granite Group Advisors LLC increased its holdings in PepsiCo by 45.8% during the second quarter. Granite Group Advisors LLC now owns 25,777 shares of the company’s stock valued at $3,404,000 after buying an additional 8,097 shares during the last quarter. Triton Wealth Management PLLC bought a new stake in shares of PepsiCo during the 2nd quarter valued at $828,000. Mitchell Mcleod Pugh & Williams Inc. increased its stake in shares of PepsiCo by 4.1% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 11,103 shares of the company’s stock worth $1,466,000 after purchasing an additional 442 shares in the last quarter. JGP Wealth Management LLC raised its holdings in PepsiCo by 2.1% in the 2nd quarter. JGP Wealth Management LLC now owns 37,625 shares of the company’s stock worth $4,968,000 after purchasing an additional 789 shares during the period. Finally, Cypress Wealth Services LLC lifted its position in PepsiCo by 10.4% during the second quarter. Cypress Wealth Services LLC now owns 2,339 shares of the company’s stock valued at $309,000 after purchasing an additional 220 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

PEP opened at $151.54 on Wednesday. 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 stock has a market capitalization of $207.21 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 3.62 and a beta of 0.46. The company has a fifty day moving average of $144.96 and a 200 day moving average of $139.27. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, October 9th. 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 during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

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

Wall Street Analyst Weigh In

PEP has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Rothschild & Co Redburn boosted their price objective on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research note on Monday. Bank of America raised their target price 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. HSBC lifted their price target on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a report on Friday, October 10th. Finally, Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Six research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $156.00.

PepsiCo Company Profile

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.