Fulton Bank and others boosted PepsiCo stakes as earnings beat estimates and dividend looms.

Fulton Bank N.A. and several other institutional investors increased their stakes in PepsiCo during the second quarter, with the company reporting strong earnings of $2.12 per share, exceeding estimates by $0.09, and revenue of $22.73 billion, up 1.0% year-over-year. PepsiCo's market cap is $193.36 billion, with a P/E ratio of 25.72 and a dividend yield of 4.0%, set to be paid on September 30 to shareholders of record on September 5. The stock opened at $141.23, and analysts maintain a consensus target price of $158.60.