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Midwest Trust Co Trims Stock Position in PepsiCo, Inc. $PEP
Midwest Trust Co reduced its stake in PepsiCo, Inc. by 3.2% in the fourth quarter of the previous year, selling 12,149 shares and retaining 365,041 shares valued at approximately $52.4 million. This reduction comes despite PepsiCo exceeding quarterly earnings expectations with $1.61 EPS and $19.44 billion in revenue, and announcing a boosted quarterly dividend of $1.48 per share along with a $10 billion share repurchase program. Analysts currently rate PepsiCo as a “Hold” with a consensus price target of $170.26.