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DT Investment Partners cuts PepsiCo holdings by over half, reflecting analysts' "Hold" rating.
Investment firm DT Investment Partners LLC reduced its holdings in PepsiCo by 53.5% in the first quarter, selling 2,059 shares and now owning 1,790 shares valued at $268,000.
PepsiCo's recent quarter showed a 1.8% revenue drop to $17.92 billion and EPS of $1.48, slightly missing expectations.
Analysts rate the stock as "Hold" with a price target of $159.75.
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DT Investment Partners reduce sus participaciones en PepsiCo a más de la mitad, lo que refleja la calificación de "Hold" de los analistas.