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Calamos Advisors LLC Cuts Stock Holdings in PepsiCo, Inc. $PEP
Calamos Advisors LLC reduced its stake in PepsiCo, Inc. by 3.9% in the fourth quarter, selling 7,714 shares and holding 190,194 shares valued at $27.297 million. Despite this reduction, several other institutional investors increased their holdings in PepsiCo, and analysts have issued updated price targets for the stock. The article also highlights positive sentiment surrounding PepsiCo due to strategic partnerships, earnings beats, product expansion, and its defensive appeal in volatile markets.