Markets
Nykredit A S Acquires New Stake in PepsiCo, Inc. $PEP
Nykredit A S has acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, purchasing 382,560 shares valued at approximately $51.8 million. Other institutional investors have also adjusted their holdings in the company. Despite positive news such as a new partnership with The Great Greek Mediterranean Grill and expansion in India, PepsiCo's stock recently dropped to a 52-week low amid concerns about slower demand, margin pressure, and the potential impact of GLP-1 weight-loss