Quadrant Capital Group LLC Has $8.84 Million Stake in PepsiCo, Inc. $PEP

Quadrant Capital Group LLC significantly increased its stake in PepsiCo, Inc. by 206.6% in the 3rd quarter, now holding 62,971 shares valued at $8.84 million. PepsiCo recently reported strong quarterly earnings, beating analyst estimates, and announced a new $10 billion share repurchase program along with a quarterly dividend of $1.4225. Analysts have a mixed view on the stock, with a consensus “Hold” rating and an average price target of $168.50, although several firms have recently raised their price objectives.