Highland Capital Management LLC Reduces Position in PepsiCo, Inc. $PEP

Highland Capital Management LLC decreased its stake in PepsiCo, Inc. by 17.5% in the fourth quarter, selling 16,278 shares but still retaining 76,497 shares valued at $10.98 million. Despite this reduction, PepsiCo continues to show strong financial performance, beating recent EPS estimates and announcing a $10 billion share buyback alongside a 3.7% dividend yield. Analysts generally maintain a “Hold” rating with an average target price of $170.26, indicating a stable outlook for the beverage and snack giant.

PEP0.24%
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