Aberdeen Group plc Sells 37,042 Shares of PepsiCo, Inc. $PEP

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Aberdeen Group plc reduced its stake in PepsiCo, Inc. by 3.1% in the fourth quarter, selling 37,042 shares and retaining 1,174,846 shares valued at $168.6 million. Despite this, PepsiCo reported strong Q4 earnings, beating estimates with $2.26 EPS on $29.34 billion revenue, and declared a quarterly dividend of $1.4225. The company’s board also authorized a $10.0 billion stock buyback, indicating confidence in its valuation.

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