Teacher Retirement System of Texas Has $70.73 Million Stock Holdings in PepsiCo, Inc. $PEP

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The Teacher Retirement System of Texas increased its holdings in PepsiCo, Inc. by 2.5% in the fourth quarter, bringing its total stake to $70.73 million. Several other institutional investors also adjusted their positions in PEP. Analysts currently rate PepsiCo as a “Hold” with an average price target of $170.26, and the company recently reported strong earnings, beating analyst estimates, and declared a quarterly dividend of $1.4225 per share.

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