Generali Investments CEE investicni spolecnost a.s. Acquires Shares of 46,350 PepsiCo, Inc. (NASDAQ:PEP)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 46,350 shares of the company’s stock, valued at approximately $7,048,000.

Other large investors also recently bought and sold shares of the company. Collier Financial purchased a new position in shares of PepsiCo during the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at approximately $30,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo during the 3rd quarter valued at approximately $31,000. Rakuten Securities Inc. boosted its stake in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PEP. Wells Fargo & Company reduced their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada assumed coverage on PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price objective on the stock. Morgan Stanley reduced their price objective on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. BNP Paribas reduced their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $172.35.

PepsiCo Price Performance

Shares of PEP opened at $154.44 on Friday. The firm has a market capitalization of $211.81 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The stock’s fifty day moving average is $148.80 and its 200-day moving average is $160.96.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company earned $1.78 earnings per share. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

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.