Wesbanco Bank Inc. Has $16.34 Million Position in PepsiCo, Inc. $PEP

Wesbanco Bank Inc. lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 6.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,221 shares of the company’s stock after selling 6,725 shares during the period. Wesbanco Bank Inc.’s holdings in PepsiCo were worth $16,340,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in PepsiCo in the fourth quarter valued at about $26,000. Swiss RE Ltd. acquired a new position in PepsiCo during the 4th quarter valued at about $28,000. MH & Associates Securities Management Corp ADV bought a new position in shares of PepsiCo in the 4th quarter valued at about $29,000. Vermillion Wealth Management Inc. grew its position in shares of PepsiCo by 99.1% during the 1st quarter. Vermillion Wealth Management Inc. now owns 217 shares of the company’s stock worth $34,000 after buying an additional 108 shares during the period. Finally, Imprint Wealth LLC bought a new stake in shares of PepsiCo during the third quarter worth approximately $31,000. 73.07% of the stock is currently owned by institutional investors.

Key Headlines Impacting PepsiCo

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

PepsiCo Trading Up 1.3%

Shares of NASDAQ PEP opened at $141.39 on Friday. PepsiCo, Inc. has a twelve month low of $128.11 and a twelve month high of $171.48. The stock has a market cap of $193.25 billion, a price-to-earnings 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. The company’s fifty day moving average is $148.40 and its 200-day moving average is $152.01.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.62 EPS for the current year.

PepsiCo Increases Dividend

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

Wall Street Analyst Weigh In

PEP has been the topic of a number of recent research reports. Rothschild & Co Redburn raised their price objective on shares of PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Piper Sandler cut their price target on PepsiCo from $181.00 to $178.00 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Wells Fargo & Company reduced their price target on PepsiCo from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on PepsiCo from $173.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Finally, The Goldman Sachs Group raised their target price on PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus price target of $166.85.

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.