Sat Sep 28 23:28:44 UTC 2024: ## PepsiCo Stock Sees Mixed Activity: Some Hedge Funds Cut Positions, Others Increase Holdings
**New York, NY – September 28, 2024** – PepsiCo, Inc. (NASDAQ: PEP) experienced mixed activity from hedge funds in the recent quarter. While some institutions like Arkos Global Advisors reduced their holdings by 4.1%, others like Valued Wealth Advisors LLC and POM Investment Strategies LLC saw the beverage and snack giant as a good investment opportunity, increasing their stakes by 77.5% and 141.3%, respectively.
PepsiCo shares opened at $170.00 on Friday, with a market cap of $233.71 billion. The company recently declared a quarterly dividend of $1.355 per share, representing a yield of 3.19%.
Analysts’ opinions on PEP are varied. While some, like JPMorgan Chase & Co., reduced their price target, others like Barclays boosted their target price and expressed optimism. Overall, analysts hold a “Hold” consensus rating on the stock with an average target price of $185.53.
PepsiCo’s diverse product portfolio spanning beverages and convenient foods across global markets makes it a prominent player in the consumer staples sector. However, the company faces challenges like rising input costs and inflationary pressures, which contribute to the mixed sentiment among investors.
**For more insights into PepsiCo’s performance and holdings, visit HoldingsChannel.com.**
First Piper 