Rep. Richard McCormick Buys PepsiCo, Inc. (NASDAQ:PEP) Stock

Representative Richard McCormick (R-Georgia) recently bought shares of PepsiCo, Inc. (NASDAQ:PEP). In a filing disclosed on December 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in PepsiCo stock on November 5th.

Representative Richard McCormick also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Realty Income (NYSE:O) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Intercontinental Exchange (NYSE:ICE) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 11/5/2025.
• Purchased $1,001 – $15,000 in shares of Cisco Systems (NASDAQ:CSCO) on 11/5/2025.

PepsiCo Stock Up 0.2%

PEP stock traded up $0.25 during trading on Thursday, hitting $149.95. 1,775,760 shares of the stock traded hands, compared to its average volume of 8,176,980. The firm’s 50 day moving average is $146.99 and its two-hundred day moving average is $142.02. The stock has a market cap of $205.03 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 4.95 and a beta of 0.42. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $160.15. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same period in the previous year, the business earned $2.31 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be paid a $1.4225 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. PepsiCo’s payout ratio is presently 108.17%.

Hedge Funds Weigh In On PepsiCo

A number of hedge funds have recently made changes to their positions in PEP. Nova Wealth Management Inc. bought a new position in PepsiCo in the 1st quarter worth approximately $25,000. Evolution Wealth Management Inc. purchased a new position in shares of PepsiCo in the second quarter worth $27,000. JCIC Asset Management Inc. bought a new position in shares of PepsiCo during the third quarter worth $27,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo during the second quarter valued at $29,000. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in PepsiCo by 107.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after acquiring an additional 121 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. The Goldman Sachs Group lifted their price objective on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Friday, October 10th. DZ Bank raised PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a report on Tuesday, October 21st. Royal Bank Of Canada dropped their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Finally, JPMorgan Chase & Co. raised shares of PepsiCo from a “neutral” rating to an “overweight” rating and upped their price target for the company from $151.00 to $164.00 in a research report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus target price of $158.35.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia’s 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 7th Congressional District. He declared candidacy for the 2026 election.

Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick’s career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.