PepsiCo, Inc. $PEP Shares Acquired by Mufg Securities Americas Inc.

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Mufg Securities Americas Inc. increased its stake in PepsiCo by 21.5% to 36,919 shares, valued at $5.185 million, as institutional investors now hold approximately 73.07% of the stock. PepsiCo recently surpassed quarterly earnings and revenue estimates, declared a quarterly dividend, and authorized a $10 billion share repurchase plan. Analyst sentiment, while mixed with a consensus “Hold” rating and an average target price of $168, shows some firms raising their price targets.

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