Chemung Canal Trust Co. Has $6.43 Million Stock Position in PepsiCo, Inc. $PEP

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Chemung Canal Trust Co. significantly increased its stake in PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, now holding 44,772 shares valued at $6.43 million. This comes as PepsiCo’s board approved a $10 billion share repurchase program and declared a quarterly dividend of $1.4225 per share. Analysts currently hold an average “Hold” rating on PepsiCo, with a consensus price target of $169.00.

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