Founders Capital Management Has $493,000 Position in PepsiCo, Inc. $PEP

Key Takeaways:

• Founders Capital Management lowered its PepsiCo holdings by 58.5%.
• The firm sold 5,260 shares in the second quarter.
• It retains 3,730 shares of PepsiCo.
• The current stake is valued at roughly $493,000.
• The data is derived from an official Form 13F filing with the SEC.

Background on the Recent Filing

Founders Capital Management’s decision to modify its PepsiCo stake emerged from the firm’s most recent Form 13F filing with the Securities and Exchange Commission (SEC). These filings are standard practice for institutional investors, reflecting changes in holdings from one financial quarter to the next.

Significant Reduction in PepsiCo Shares

According to the filing, Founders Capital Management sold 5,260 PepsiCo shares during the second quarter, marking a 58.5% reduction of its previous stake. Following this sizable sale, the firm now owns 3,730 shares of the beverage and snack giant’s stock.

Financial Implications of the Move

Despite the notable decrease in shares, the remaining position holds a value of approximately $493,000. This figure underscores the continued significance of PepsiCo within the firm’s portfolio, even after the substantial divestment.

What the SEC Data Reveals

The SEC filing offers a snapshot of Founders Capital Management’s investment strategy during the second quarter. While the motivation behind selling more than half of its PepsiCo holdings is not explicitly stated, the filing confirms the transaction’s scope and timing. Investors and analysts alike often look to 13F disclosures to gauge shifting sentiments around major stocks, such as PepsiCo.