PepsiCo, Inc. $PEP Shares Sold by Generali Investments Management Co LLC

Generali Investments Management Co LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 20.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. JSF Financial LLC boosted its position in shares of PepsiCo by 3.8% during the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after purchasing an additional 69 shares in the last quarter. Dogwood Wealth Management LLC raised its position in shares of PepsiCo by 15.4% during the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after purchasing an additional 72 shares during the last quarter. Joel Isaacson & Co. LLC raised its stake in PepsiCo by 0.5% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock valued at $2,180,000 after purchasing an additional 74 shares during the last quarter. Bull Street Advisors LLC boosted its position in PepsiCo by 0.4% during the second quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock worth $2,628,000 after acquiring an additional 74 shares during the last quarter. Finally, Guardian Wealth Advisors LLC grew its position in shares of PepsiCo by 1.6% in the second quarter. Guardian Wealth Advisors LLC now owns 4,562 shares of the company’s stock valued at $602,000 after purchasing an additional 74 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PEP shares. The Goldman Sachs Group increased their target price on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Piper Sandler raised their price target on shares of PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Royal Bank Of Canada cut their price objective on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. Wells Fargo & Company boosted their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Finally, Bank of America upped their price target on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Seven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $156.95.

PepsiCo Trading Up 0.6%

PepsiCo stock opened at $145.85 on Friday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $165.13. The stock has a market capitalization of $199.43 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. The firm has a 50 day simple moving average of $144.95 and a 200-day simple moving average of $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.

PepsiCo (NASDAQ:PEP) last released its earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the prior year, the firm posted $2.31 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

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.