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Amiral Gestion invested $11.07 million in PepsiCo, while Montchanin cut holdings and the stock received a "Hold" rating.
Amiral Gestion invested $11.07 million in PepsiCo, acquiring 72,818 shares, making PepsiCo its fifth-largest portfolio position at 7%.
Meanwhile, Montchanin Asset Management reduced its PepsiCo holdings by 8.3%.
PepsiCo reported $1.48 EPS, slightly missing estimates, but revenue surpassed expectations at $17.92 billion.
The stock opened at $129.34, with a market cap of $177.34 billion and a "Hold" consensus rating.
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Amiral Gestion invirtió $ 11.07 millones en PepsiCo, mientras que Montchanin redujo las participaciones y las acciones recibieron una calificación "Hold".