First Merchants Corp cut its holdings in PepsiCo, Inc. ( NASDAQ:PEP – Free Report ) by 8.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,450 shares of the company's stock after selling 13,583 shares during the period. PepsiCo comprises 2.3% of First Merchants Corp's holdings, making the stock its 5th largest holding. First Merchants Corp's holdings in PepsiCo were worth $27,681,000 as of its most recent SEC filing.

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