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Synergy Asset Management LLC Sells 16,900 Shares of PepsiCo, Inc. $PEP
Synergy Asset Management LLC significantly reduced its stake in PepsiCo (NASDAQ:PEP) by selling 16,900 shares, leaving it with 7,001 shares valued at $1.005 million. Despite this, institutional investors collectively own 73.07% of the company. PepsiCo recently declared a quarterly dividend of $1.4225 per share and authorized a $10 billion share buyback program, while analysts maintain a consensus “Hold” rating with an average price target of $169.00.