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Smith Salley Wealth Management Has $17.31 Million Position in PepsiCo, Inc. $PEP
Smith Salley Wealth Management reduced its stake in PepsiCo (NASDAQ:PEP) by 5.2% in Q4, but still holds 120,629 shares valued at $17.31 million. PepsiCo recently reported strong Q1 earnings, beating estimates with $1.61 EPS and $19.44 billion in revenue, leading to analyst price target increases and maintaining a “Hold” consensus rating with an average target of $170.26. The company also declared a quarterly dividend of $1.4225 per share and authorized a $10 billion share repurchase program.