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Fifth Third Bancorp Sells 11,692 Shares of PepsiCo, Inc. $PEP
Fifth Third Bancorp recently reduced its stake in PepsiCo, Inc. by selling 11,692 shares during the fourth quarter, decreasing its holdings by 2.0% to 569,877 shares valued at $81.79 million. Despite this, other institutional investors have increased their positions in the company. PepsiCo reported strong Q1 earnings, beating analyst estimates, and has an average “Hold” rating from analysts with an average price target of $170.26.