Stevens Capital Management LP Invests $3.67 Million in PepsiCo, Inc. $PEP

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Stevens Capital Management LP has acquired a new position in PepsiCo, Inc. (NASDAQ:PEP) worth approximately $3.67 million, purchasing 26,109 shares. Several other institutional investors also increased their holdings in PepsiCo during the second quarter. The company recently reported strong quarterly earnings, started a $10 billion share buyback program, and declared a quarterly dividend of $1.4225 per share.

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