PepsiCo, Inc. $PEP Shares Purchased by Vanguard Group Inc.

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Vanguard Group Inc. increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.2% in the fourth quarter, bringing its total holdings to over 138 million shares valued at approximately $19.8 billion. Various other institutional investors also adjusted their positions in the company, which saw positive news including a partnership with Google Cloud for AI in its supply chain, a Q1 earnings beat, and an expanded Quaker snack lineup. Despite some positive sentiment, an analysis suggested PepsiCo’s conservative accounting might reflect softer underlying results, and the company currently holds an average “Hold” rating from analysts with a consensus price target of $170.26.

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