Vinva Investment Management Ltd Has $17.20 Million Holdings in PepsiCo, Inc. $PEP

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Vinva Investment Management Ltd increased its stake in PepsiCo, Inc. by 24.8% during the third quarter, bringing its total holdings to 122,488 shares valued at $17.2 million. This move comes as PepsiCo reported a modest EPS beat, 5.6% revenue growth, and announced a $10 billion share buyback program along with an annualized dividend of $5.69, yielding approximately 3.6%. Analysts generally maintain a “Hold” rating on PepsiCo with a consensus target price of $168.50.

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