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Varma Mutual Pension Insurance Co Has $35.39 Million Stake in PepsiCo, Inc. $PEP
Varma Mutual Pension Insurance Co reduced its stake in PepsiCo by 4.8% in Q4, now holding 246,557 shares valued at $35.39 million. Other institutional investors like Brighton Jones LLC and Sei Investments Co. increased their positions. PepsiCo reported strong quarterly earnings, beating expectations with $1.61 EPS and $19.44 billion in revenue, and analysts currently have a consensus “Hold” rating with an average price target of $170.26.