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Rhumbline Advisers Has $361.18 Million Position in PepsiCo, Inc. $PEP
Rhumbline Advisers recently reduced its stake in PepsiCo by 2.1%, now holding 2,571,775 shares valued at $361.18 million. Despite this, other hedge funds increased their positions in PepsiCo, and 73.07% of the stock is owned by institutional investors. PepsiCo announced a quarterly dividend of $1.4225 per share and a $10 billion stock repurchase program, indicating confidence from the company’s leadership.