Schroder Investment Management Group Purchases 135,345 Shares of PepsiCo, Inc. $PEP

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Schroder Investment Management Group increased its stake in PepsiCo, Inc. by 15.6% in the third quarter, acquiring an additional 135,345 shares, bringing its total holdings to 1,005,459 shares valued at $140.94 million. Other institutional investors also modified their positions. Analysts currently have a “Hold” rating on PepsiCo with a consensus price target of $168.50, and the company recently announced a quarterly dividend of $1.4225 per share and a $10 billion share buyback program.

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