Smith Chas P & Associates PA Cpas Sells 95,431 Shares of PepsiCo, Inc. $PEP

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Smith Chas P & Associates PA Cpas reduced its stake in PepsiCo, Inc. by 37.6%, selling 95,431 shares and leaving them with 158,078 shares worth $22.2 million. Despite this sale, other institutional investors like Vanguard Group Inc. and State Street Corp. increased their holdings in PepsiCo. The company recently authorized a $10 billion share buyback program and declared a quarterly dividend of $1.4225 per share.

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