Wesbanco Bank Inc. Sells 6,725 Shares of PepsiCo, Inc. $PEP

Wesbanco Bank Inc. cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.0% in the 1st quarter, HoldingsChannel reports. The fund owned 105,221 shares of the company’s stock after selling 6,725 shares during the quarter. Wesbanco Bank Inc.’s holdings in PepsiCo were worth $16,340,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its position in PepsiCo by 12.4% during the fourth 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. Caxton Associates LLP acquired a new stake in PepsiCo in the first quarter valued at approximately $251,000. Sivia Capital Partners LLC grew its position in PepsiCo by 138.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock worth $862,000 after acquiring an additional 3,790 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of PepsiCo by 10.1% during the second quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock worth $5,039,000 after purchasing an additional 3,502 shares during the last quarter. Finally, Sei Investments Co. increased its position in PepsiCo by 45.5% in the 2nd quarter. Sei Investments Co. now owns 536,133 shares of the company’s stock valued at $70,789,000 after acquiring an additional 167,707 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 1.3%

PEP stock opened at $141.39 on Friday. The firm has a market capitalization of $193.25 billion, a PE ratio of 22.20, a P/E/G ratio of 2.78 and a beta of 0.35. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. PepsiCo, Inc. has a twelve month low of $128.11 and a twelve month high of $171.48. The stock’s 50 day moving average is $148.40 and its 200-day moving average is $152.01.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The business had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $18.89 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. PepsiCo’s revenue was up 8.5% compared to the same quarter last year. Sell-side analysts expect that PepsiCo, Inc. will post 8.62 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a $1.48 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, June 5th. PepsiCo’s dividend payout ratio is currently 92.94%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Piper Sandler lowered their price target on shares of PepsiCo from $181.00 to $178.00 and set an “overweight” rating for the company in a report on Friday, June 12th. Wells Fargo & Company reduced their price target on shares of PepsiCo from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, June 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a report on Wednesday, April 8th. BNP Paribas Exane raised their target price on PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Finally, Sanford C. Bernstein assumed coverage on PepsiCo in a research report on Thursday, June 11th. They issued a “market perform” rating and a $143.00 target price for the company. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $166.85.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s brand and growth efforts are getting fresh visibility, including marketing around “modern soda,” dirty-soda products, and broader consumer engagement. These trends could support beverage demand and help the company defend share in a changing soft-drink market.
• Positive Sentiment: Analyst support remains constructive overall: Citigroup kept a Buy rating even after trimming its price target to $170, implying meaningful upside from current levels. That helps reassure investors that the stock still looks attractively valued despite recent weakness.
• Positive Sentiment: PepsiCo continues to stand out as a diversified dividend stock, with coverage highlighting its 54-year streak of dividend growth. For income-oriented investors, that long track record can provide support ahead of earnings. Article Title

About PepsiCo

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.