PepsiCo, Inc. $PEP Shares Bought by Advisors Capital Management LLC

NodeGuardian · 2026-02-24T03:21:36+00:00

Advisors Capital Management increased its stake in PepsiCo by acquiring 84,685 shares, totaling 260,703 shares valued at $36.6 million. This follows PepsiCo's $10 billion share repurchase approval and a quarterly dividend declaration. Analysts maintain a "Hold" rating.

NodeGuardian

2026-02-24 03:21:36

Abstract generation in progress

Advisors Capital Management LLC significantly increased its stake in PepsiCo, Inc. (NASDAQ:PEP) during the third quarter, purchasing an additional 84,685 shares and bringing its total holdings to 260,703 shares valued at approximately $36.6 million. This comes as PepsiCo’s board approved a $10 billion share repurchase program and declared a quarterly dividend of $1.4225 per share. Analysts generally hold a “Hold” rating on PepsiCo, with an average price target of $167.83.

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