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PepsiCo, Inc. $PEP Shares Purchased by ASR Vermogensbeheer N.V.
ASR Vermogensbeheer N.V. increased its stake in PepsiCo by 3.1% in the fourth quarter, purchasing 13,012 additional shares and bringing its total holdings to 433,965 shares valued at approximately $62.28 million. PepsiCo’s board recently approved a 4% quarterly dividend increase to $1.48 and a $10 billion share repurchase program. The company also reported strong quarterly earnings, beating analyst estimates with $1.61 EPS and $19.44 billion in revenue.