PepsiCo Earnings Top Estimates and Declares $1.48 Quarterly Dividend
An institutional investor reduced its PepsiCo holdings while Auto Owners Insurance Co increased them to 49,252,907 shares; 73.07% of the stock is held by institutions. PepsiCo reported $2.20 EPS and $24.18B revenue for the quarter, beating consensus. The company also declared a $1.48 per-share quarterly dividend, with a 4.2% yield.