Wesbanco Bank Inc. Decreases Stock Position in PepsiCo, Inc. $PEP

Wesbanco Bank Inc. trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 31.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,141 shares of the company’s stock after selling 56,766 shares during the quarter. Wesbanco Bank Inc.’s holdings in PepsiCo were worth $17,434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. purchased a new stake in PepsiCo in the 2nd quarter worth about $27,000. JCIC Asset Management Inc. purchased a new stake in shares of PepsiCo in the third quarter worth approximately $27,000. Vermillion & White Wealth Management Group LLC lifted its stake in shares of PepsiCo by 107.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares during the last quarter. Halbert Hargrove Global Advisors LLC boosted its holdings in PepsiCo by 667.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after acquiring an additional 207 shares during the period. Finally, Frazier Financial Advisors LLC lifted its position in shares of PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 2.4%

PepsiCo stock opened at $166.47 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 2.06. The firm has a market cap of $227.51 billion, a P/E ratio of 27.75, a P/E/G ratio of 3.26 and a beta of 0.40. The business has a fifty day moving average of $147.99 and a two-hundred day moving average of $146.46. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $170.75.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.24 by $0.02. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The firm had revenue of $29.34 billion during the quarter, compared to analyst estimates of $28.96 billion. During the same period in the previous year, the company posted $1.96 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.69 dividend on an annualized basis and a yield of 3.4%. PepsiCo’s dividend payout ratio is presently 94.83%.

PepsiCo announced that its Board of Directors has approved a stock repurchase plan on Tuesday, February 3rd that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the company to buy up to 4.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PEP. Barclays upped their price target on shares of PepsiCo from $148.00 to $160.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. UBS Group reaffirmed a “buy” rating and set a $190.00 target price on shares of PepsiCo in a research report on Wednesday, February 4th. Wall Street Zen lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Piper Sandler raised their price objective on PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, December 9th. Finally, Jefferies Financial Group upped their target price on PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a report on Tuesday, December 9th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $167.16.

PepsiCo Company Profile

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.