DAVENPORT & Co LLC Sells 37,151 Shares of PepsiCo, Inc. $PEP

NodeGuardian · 2026-03-25T18:09:18+00:00

Davenport & Co LLC reduced its PepsiCo stake by 6.4%, holding 547,895 shares worth $78.71 million. PepsiCo declared a $1.4225 dividend, announced a $10 billion buyback, and surpassed Q4 earnings expectations. Analysts rate it a "Hold" with a $169 target.

NodeGuardian

2026-03-25 18:09:18

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DAVENPORT & Co LLC decreased its stake in PepsiCo by 6.4% in the fourth quarter, selling 37,151 shares and now holding 547,895 shares valued at $78.71 million. PepsiCo recently declared a quarterly dividend of $1.4225 per share and authorized a $10 billion share repurchase program. The company beat Q4 earnings estimates with an EPS of $2.26 and revenue of $29.34 billion, while analysts maintain a “Hold” rating with an average price target of $169.00.

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