Formidable Asset Management LLC lowered its position in PepsiCo, Inc. ( NASDAQ:PEP – Get Rating ) by 3.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,860 shares of the company's stock after selling 449 shares during the period. Formidable Asset Management LLC's holdings in PepsiCo were worth $2,143,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company.

https://www.dailypolitical.com/2023/05/01/formidable-asset-management-llc-decreases-position-in-pepsico-inc-nasdaqpep.html

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