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Diversify Wealth Management LLC Lowers Stock Holdings in PepsiCo, Inc. $PEP
Diversify Wealth Management LLC reduced its stake in PepsiCo, Inc. by 29.2% in the fourth quarter, selling 14,915 shares, though institutional ownership of PepsiCo remains high at 73.07%. PepsiCo has shown strong financial performance, beating quarterly estimates, increasing its quarterly dividend by 4% to $1.48, and authorizing a $10 billion share buyback program. Analysts currently have a consensus “Hold” rating on the stock with an average price target of $170.26.