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Comerica Bank Has $66.48 Million Stake in PepsiCo, Inc. $PEP
Comerica Bank trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.1% in the fourth quarter, reducing its stake to 463,242 shares valued at $66.48 million. Despite this, other hedge funds significantly increased their positions in PepsiCo, with Vanguard Group Inc. holding the largest institutional stake. The article also highlights recent positive news for PepsiCo, including a partnership with Google Cloud for AI integration, strong Q1 earnings, and a $10 billion stock buyback plan.