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Franklin Resources boosts PepsiCo stake, while ConocoPhillips sees big gains from other investors.
Franklin Resources Inc. increased its PepsiCo stake by 5.6%, making it the 29th largest holding, while ConocoPhillips saw increased interest from Gifford Fong Associates and FSB Premier Wealth Management, with shares up 158% and 24.1%, respectively.
PepsiCo reported strong earnings of $1.96 per share, slightly below revenue forecasts but ahead of analyst expectations.
ConocoPhillips also surpassed earnings expectations, reporting $1.98 per share.
Both companies continue to attract institutional investment.
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Franklin Resources aumenta la participación de PepsiCo, mientras que ConocoPhillips ve grandes ganancias de otros inversionistas.