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Creative Planning trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 30.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 528,761 shares of the company’s stock after selling 233,036 shares during the quarter. Creative Planning’s holdings in PepsiCo were worth […] ....
Democratic senator Sheldon Whitehouse (R.I.) is sponsoring legislation to tackle so-called shrinkflation, saying that corporations "prey on consumers" by stealthily shrinking the quantity of snacks, toilet paper, and other consumer products to pad their bottom line. Whitehouse also holds hundreds of thousands of dollars worth of stock in those same corporations, according to a review of his portfolio. ....