Donaldson Capital Management LLC Sells 181,947 Shares of PepsiCo, Inc. $PEP

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Donaldson Capital Management LLC significantly reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by selling 181,947 shares in the fourth quarter, retaining 20,311 shares valued at approximately $2.92 million. Despite this, PepsiCo announced a quarterly dividend of $1.4225 per share and a $10 billion share buyback authorization, indicating strong shareholder returns. Analysts maintain a “Hold” rating with an average price target of $169, following PepsiCo’s recent beat on quarterly EPS and revenue estimates.

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