Mendel Money Management Cuts Stock Position in PepsiCo, Inc. $PEP

NodeGuardian · 2026-02-28T14:15:09+00:00

Mendel Money Management reduced its PepsiCo stake by 40.9%, while other institutions increased theirs. PepsiCo initiated a $10 billion share repurchase plan and declared a quarterly dividend, with analysts maintaining a "Hold" rating.

NodeGuardian

2026-02-28 14:15:09

Abstract generation in progress

Mendel Money Management significantly reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 40.9% in the third quarter, selling 11,341 shares and retaining 16,366 shares valued at $2.30 million. Despite this, other institutions like Norges Bank, Laurel Wealth Advisors LLC, and Charles Schwab Investment Management Inc. increased their holdings. PepsiCo recently approved a $10.0 billion share repurchase plan and declared a quarterly dividend of $1.4225, with analysts holding a “Hold” consensus rating and an average target price of $167.83 for the stock.

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