Capital Research Global Investors Sells 708,169 Shares of PepsiCo, Inc. $PEP

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Capital Research Global Investors reduced its stake in PepsiCo, Inc. by 10.5% in the third quarter, selling 708,169 shares and owning approximately 0.44% of the company’s stock. Other institutional investors made minor adjustments to their holdings. PepsiCo’s stock is currently trading at $160.78, with analysts holding a consensus “Hold” rating and an average price target of $168.50.

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