DNB Asset Management AS reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 5.2% in the third quarter, selling 41,510 shares. This transaction leaves the firm with 754,955 shares of PepsiCo stock, valued at approximately $106 million. The article also details other institutional investor activity, analyst ratings, PepsiCo’s financial performance, and recent news impacting the company.
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DNB Asset Management AS Decreases Position in PepsiCo, Inc. $PEP
DNB Asset Management AS reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 5.2% in the third quarter, selling 41,510 shares. This transaction leaves the firm with 754,955 shares of PepsiCo stock, valued at approximately $106 million. The article also details other institutional investor activity, analyst ratings, PepsiCo’s financial performance, and recent news impacting the company.