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StocksUpdated×2•Originally published 5 May 2026•Updated 7 May 2026•

1 min read

RNC Capital Rebalances Portfolio: Boosts PepsiCo Stake and Trims Duke Energy Holdings

Key Facts

1RNC Capital Management increased its stake in PepsiCo by 30.6%, bringing its total holdings to approximately $60.07 million.

2The firm grew its holdings in Coterra Energy by 45%, making it the 21st largest holding at 2.2% of its portfolio.

3RNC Capital reduced its stake in Duke Energy by 22.4% following the company's slight reduction in FY2026 EPS guidance.

RNC Capital Management executed a strategic rebalancing by boosting its PepsiCo stake by 30.6% to $60.07 million, as the beverage giant increased its quarterly dividend to $1.48 per share. New filings also show Lmcg Investments LLC aggressively raised its PepsiCo stake by 137.5% during the fourth quarter, reaching 59,165 shares valued at $8.49 million. This influx of capital contrasts with Navellier & Associates, which slashed its holding by 52.3%. While RNC also increased exposure to Coterra Energy and trimmed its Duke Energy position, Wall Street analysts maintain a 'Hold' rating on PEP with a $170.26 price target. These moves highlight shifting institutional sentiment as PepsiCo balances its $10 billion buyback plan with enhanced dividend payouts.

28 days ago

Version History

1 additional source confirmed this story

Version 228 days ago

What changed: Updated the story to include Lmcg Investments' 137.5% stake increase and PepsiCo's confirmed dividend hike to $1.48 per share.

Version 129 days ago

What changed: Added Navellier & Associates' selling activity and updated Wall Street analyst ratings and price targets for PepsiCo.