Varma Mutual Pension Insurance Co increased its stake in PepsiCo, Inc. by 9.6% in the third quarter, acquiring an additional 22,700 shares, bringing its total holdings to 258,857 shares valued at $36.35 million. Other institutional investors also adjusted their positions in PepsiCo. The company recently posted strong quarterly earnings, beating analyst estimates, and announced a new $10 billion stock buyback program and a quarterly dividend of $1.4225 per share.
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Varma Mutual Pension Insurance Co Acquires 22,700 Shares of PepsiCo, Inc. $PEP
Varma Mutual Pension Insurance Co increased its stake in PepsiCo, Inc. by 9.6% in the third quarter, acquiring an additional 22,700 shares, bringing its total holdings to 258,857 shares valued at $36.35 million. Other institutional investors also adjusted their positions in PepsiCo. The company recently posted strong quarterly earnings, beating analyst estimates, and announced a new $10 billion stock buyback program and a quarterly dividend of $1.4225 per share.