Sanders Capital Reduces $357M in PepsiCo, Inc. ($PEP)
Key Points
- Sanders Capital changed its PepsiCo, Inc. ($PEP) stake by 58.2% last quarter, cutting to 1,773,582 shares worth $255.85 million.
- Wall Street's consensus rating on $PEP is Hold and an average price target of $168.50.
- $PEP last traded around $144.25.
Sanders Capital reduced its position in PepsiCo, Inc. ($PEP) by 58.2% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,773,582 shares of PepsiCo, Inc. after selling 2,471,840 shares during the quarter. Sanders Capital's holdings in PepsiCo, Inc. were worth $255.85 million as of its most recent filing.
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About PepsiCo, Inc.
PepsiCo, Inc. engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through six segments: PepsiCo Foods North America; PepsiCo Beverages North America; International Beverages Franchise; Europe, Middle East and Africa; Latin America Foods; and Asia Pacific Foods. It offers cereals, chips, dips, granola bars, oatmeal, pasta, rice, and syrups and mixes; refrigerated dips and spreads; beverage concentrates, fountain syrups, and finished goods; and ready-to-drink tea and coffee products. The company also provides SodaStream sparkling water makers and related products, as well as various dairy products under the Agusha, Chudo, and Domik v Derevne brands. It serves wholesale and other distributors, foodservice customers, grocery stores, drug stores, convenience stores, discount/dollar stores, mass merchandisers, membership stores, hard discounters, e-commerce retailers and authorized independent bottlers, and others through a network of direct-store-delivery, customer warehouse, and distributor networks, as well as directly to consumers through e-commerce platforms and retailers. PepsiCo, Inc. was founded in 1898 and is based in Purchase, New York.
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