Prime Capital Investment Advisors LLC reduced its stake in PepsiCo (NASDAQ:PEP) by 9.2% in the third quarter. Despite this, other major institutional investors like Vanguard Group Inc. and State Street Corp increased their holdings. PepsiCo recently reported strong Q4 earnings, surpassing analyst estimates, and announced a new $10 billion stock buyback plan and a 5% dividend increase.
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PepsiCo, Inc. $PEP Stock Position Cut by Prime Capital Investment Advisors LLC
Prime Capital Investment Advisors LLC reduced its stake in PepsiCo (NASDAQ:PEP) by 9.2% in the third quarter. Despite this, other major institutional investors like Vanguard Group Inc. and State Street Corp increased their holdings. PepsiCo recently reported strong Q4 earnings, surpassing analyst estimates, and announced a new $10 billion stock buyback plan and a 5% dividend increase.