D.A. Davidson & CO. Acquires 98,130 Shares of PepsiCo, Inc. $PEP

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D.A. Davidson & CO. increased its stake in PepsiCo, Inc. by 23.7% in the fourth quarter, now holding 512,718 shares valued at approximately $73.585 million. PepsiCo recently beat Q1 earnings estimates, reported strong revenue growth, announced a quarterly dividend of $1.4225 per share, and authorized a $10 billion share repurchase program. Institutional ownership stands at 73.07%, while analysts currently rate the stock as a “Hold” with a consensus target price of $170.26.

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