Wesbanco Bank Inc. Purchases 3,793 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Wesbanco Bank Inc. boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,493 shares of the company's stock after acquiring an additional 3,793 shares during the quarter. PepsiCo accounts for 0.8% of Wesbanco Bank Inc.'s holdings, making the stock its 25th largest holding. Wesbanco Bank Inc.'s holdings in PepsiCo were worth $24,214,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Tcfg Wealth Management LLC grew its holdings in shares of PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock valued at $295,000 after purchasing an additional 66 shares during the last quarter. TAGStone Capital Inc. boosted its position in PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after buying an additional 70 shares in the last quarter. Lokken Investment Group LLC grew its stake in shares of PepsiCo by 0.9% during the fourth quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock worth $1,171,000 after buying an additional 70 shares during the last quarter. Leavell Investment Management Inc. increased its holdings in shares of PepsiCo by 0.3% during the fourth quarter. Leavell Investment Management Inc. now owns 27,844 shares of the company's stock worth $4,271,000 after buying an additional 71 shares in the last quarter. Finally, Legacy Financial Group LLC boosted its holdings in shares of PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after acquiring an additional 71 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Down 0.8%

Shares of PepsiCo stock opened at $130.03 on Monday. The stock's 50-day moving average is $136.15 and its 200 day moving average is $146.06. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The firm has a market cap of $178.28 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 3.09 and a beta of 0.45. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The business had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.61 earnings per share. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio is 83.68%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent research reports. Bank of America lowered their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. UBS Group lowered their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Citigroup cut their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and dropped their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average target price of $160.69.

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.

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