PepsiCo, Inc. $PEP Position Trimmed by Generali Investments Management Co LLC

Generali Investments Management Co LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 20.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,357 shares of the company’s stock after selling 3,199 shares during the period. Generali Investments Management Co LLC’s holdings in PepsiCo were worth $1,629,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo during the first quarter valued at $25,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo in the 2nd quarter worth about $29,000. Frazier Financial Advisors LLC raised its holdings in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after buying an additional 122 shares during the period. RMG Wealth Management LLC purchased a new stake in PepsiCo during the second quarter valued at about $45,000. Finally, Investment Research & Advisory Group Inc. boosted its holdings in shares of PepsiCo by 263.6% in 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. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PEP has been the subject of several research analyst reports. Rothschild & Co Redburn upped their price target on shares of PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research report on Monday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. UBS Group decreased their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Jefferies Financial Group upped their price target on PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Finally, The Goldman Sachs Group raised their price objective on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Seven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average price target of $156.95.

PepsiCo Stock Performance

Shares of PEP stock opened at $145.85 on Friday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $165.13. The stock’s 50-day moving average is $144.95 and its two-hundred day moving average is $140.03. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The firm has a market cap of $199.43 billion, a P/E ratio of 27.73, a PEG ratio of 3.56 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Wednesday, October 8th. 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 analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.31 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo 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.