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M&T Bank Corp Trims Stock Position in PepsiCo, Inc. $PEP
M&T Bank Corp significantly reduced its holdings in PepsiCo, Inc. by 93.6% in the fourth quarter, selling nearly 1 million shares. Despite this, other major institutional investors like AQR Capital Management LLC and Amundi increased their stakes in PepsiCo, indicating varied institutional sentiment. The article also covers PepsiCo’s recent earnings beat, dividend announcement, share repurchase plan, and positive news regarding AI partnerships and brand expansion.