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Edgar Lomax Co. VA Sells 7,315 Shares of PepsiCo, Inc. $PEP
Edgar Lomax Co. VA significantly reduced its stake in PepsiCo, Inc. by 22.2% during the third quarter, selling 7,315 shares and bringing their total holdings to $3,592,000. Despite this sell-off, other institutional investors have slightly increased their positions in the beverage and snack giant. PepsiCo recently reported strong quarterly earnings, beating analyst estimates, and announced a $10 billion stock buyback plan and a quarterly dividend of $1.4225 per share.