Representative Richard McCormick (Republican-Georgia) recently sold shares of PepsiCo, Inc. (NASDAQ:PEP). In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in PepsiCo stock on July 30th. The trade occurred in the Representative’s “GROWTH PARTNERS ROTH IRA” account.
Representative Richard McCormick also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 7/30/2026.
- Sold $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 7/30/2026.
- Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 7/30/2026.
- Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 7/30/2026.
- Sold $1,001 – $15,000 in shares of L3Harris Technologies (NYSE:LHX) on 7/30/2026.
- Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 7/30/2026.
- Sold $1,001 – $15,000 in shares of Intercontinental Exchange (NYSE:ICE) on 7/30/2026.
- Sold $1,001 – $15,000 in shares of Illinois Tool Works (NYSE:ITW) on 7/30/2026.
- Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 7/30/2026.
- Sold $1,001 – $15,000 in shares of Emerson Electric (NYSE:EMR) on 7/30/2026.
PepsiCo Price Performance
Shares of NASDAQ PEP opened at $138.24 on Tuesday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74. The stock has a market capitalization of $188.68 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 3.09 and a beta of 0.35. The firm’s 50 day simple moving average is $140.15 and its 200-day simple moving average is $150.53. PepsiCo, Inc. has a 12 month low of $133.73 and a 12 month high of $171.48.
PepsiCo Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be paid a dividend of $1.48 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.3%. PepsiCo’s dividend payout ratio (DPR) is presently 77.59%.
Analyst Ratings Changes
A number of analysts have recently issued reports on PEP shares. Wells Fargo & Company lowered their price target on PepsiCo from $150.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $178.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, July 1st. Citigroup lowered shares of PepsiCo from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $170.00 to $145.00 in a research report on Friday, July 10th. Piper Sandler set a $176.00 target price on shares of PepsiCo in a research note on Thursday, July 9th. Finally, UBS Group set a $159.00 target price on PepsiCo in a report on Thursday, July 9th. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $157.90.
Key Headlines Impacting PepsiCo
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: PepsiCo reported increased recycled content in its plastic packaging, supporting its sustainability goals and potentially strengthening relationships with consumers and retailers. PepsiCo reports increase in recycled content for plastic packaging
- Positive Sentiment: The company is refreshing brands, products and value offerings to reconnect with consumers. These initiatives could support a gradual recovery if they improve volume and brand engagement. PepsiCo’s Brand Refresh: Is it Enough to Win Back Consumers?
- Neutral Sentiment: Analyst commentary describes PepsiCo as potentially nearing a turning point, but investors are waiting for clearer evidence that demand and growth are improving. Why PepsiCo Could Be Nearing a Turning Point?
- Neutral Sentiment: A long-standing employee received a PepsiCo Lifetime Achievement Award, a positive reputational item but one unlikely to materially affect earnings or valuation. Jeff Minges retires with PepsiCo Lifetime Achievement Award
- Negative Sentiment: PepsiCo’s brand refresh may take time to reverse softer North American demand. Competition from health-focused beverage brands and consumer skepticism toward large soda companies add to the pressure. PepsiCo’s Brand Refresh: Is it Enough to Win Back Consumers?
- Negative Sentiment: PEP underperformed the broader market in the latest session, suggesting that company-specific concerns—not just overall market weakness—are weighing on the stock. Here’s Why PepsiCo Fell More Than the Broader Market
Hedge Funds Weigh In On PepsiCo
Several large investors have recently made changes to their positions in PEP. Evergreen Advisors LLC acquired a new stake in shares of PepsiCo in the first quarter valued at $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in PepsiCo in the 4th quarter valued at about $26,000. Swiss RE Ltd. acquired a new stake in shares of PepsiCo during the fourth quarter worth about $28,000. Networth Advisors LLC boosted its stake in shares of PepsiCo by 2,857.1% in the first quarter. Networth Advisors LLC now owns 207 shares of the company’s stock valued at $32,000 after purchasing an additional 200 shares during the period. Finally, Vermillion Wealth Management Inc. grew its holdings in shares of PepsiCo by 99.1% in the first quarter. Vermillion Wealth Management Inc. now owns 217 shares of the company’s stock valued at $34,000 after purchasing an additional 108 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other PepsiCo news, EVP David Flavell sold 2,900 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $139.54, for a total value of $404,666.00. Following the completion of the transaction, the executive vice president owned 74,825 shares of the company’s stock, valued at $10,441,080.50. This trade represents a 3.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.12% of the stock is owned by corporate insiders.
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.
PepsiCo Company Profile
PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.
Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.
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