PepsiCo, Inc. $PEP Shares Sold by Arrowstreet Capital Limited Partnership

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Arrowstreet Capital Limited Partnership significantly reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by selling over 3 million shares in the third quarter, decreasing its holdings by 41.1%. Despite this, other major institutional investors like Vanguard Group, State Street Corp, Charles Schwab Investment Management, and Franklin Resources Inc. increased their positions in PepsiCo. The company also announced a share repurchase plan of $10 billion and a quarterly dividend of $1.4225 per share.

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