Franklin Street Advisors Buys $27 Million in PepsiCo Stock as Earnings Beat Forecasts

Franklin Street Advisors disclosed a significant purchase of PepsiCo shares in its quarterly SEC filing on Thursday.Franklin Street Advisors reported the addition of 189,251 shares of PepsiCo (NASDAQ:PEP) in a quarterly regulatory filing with the Securities and Exchange Commission (SEC filing). The estimated transaction value was $27 million for the period. Following the purchase, the fund held 194,722 shares in the company, with a market value of $27.4 million as of September 30.The stake now represents about 1.6% of Franklin Street Advisors’ $1.7 billion in reportable U.S. equity assetsContinue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool