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Public Sector Pension Investment Board Has $55.81 Million Stock Position in PepsiCo, Inc. $PEP
The Public Sector Pension Investment Board significantly increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 251.8% during the third quarter, bringing its total holdings to $55.81 million. Other institutional investors also adjusted their positions in the company, which recently announced a $10 billion share repurchase plan and a quarterly dividend of $1.4225 per share. Analysts have issued mixed ratings on PepsiCo, with a consensus “Hold” rating and an average target price of $167.68.