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PepsiCo Shares Bought as India Growth and Dividend Spotlight

Pepsico logoPepsico
Sig1.10Sen+2.20Env0.00Soc+0.90Gov0.00

Institutional investors, including The Manufacturers Life Insurance Company, increased stakes in PepsiCo by buying additional shares. Management frames India as a key growth market, while the latest quarter showed revenue growth and earnings slightly above estimates. PepsiCo plans a $1.48 per-share dividend and expects a plant expansion to support local sourcing and increase capacity.

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