PepsiCo (NASDAQ:PEP) Shares Unloaded Rep. Richard McCormick

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 Trading Down 1.8%

Shares of NASDAQ PEP opened at $138.24 on Tuesday. The firm’s 50 day moving average price is $140.15 and its 200-day moving average price is $150.53. The company has a market cap of $188.68 billion, a PE ratio of 18.12, a P/E/G ratio of 3.09 and a beta of 0.35. PepsiCo, Inc. has a 52-week low of $133.73 and a 52-week high of $171.48. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.01. The company had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, equities research analysts expect that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be issued a $1.48 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.92 annualized dividend and a yield of 4.3%. PepsiCo’s payout ratio is 77.59%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft set a $155.00 target price on PepsiCo in a report on Friday, July 10th. TD Cowen reduced their price objective on PepsiCo from $150.00 to $145.00 and set a “hold” rating for the company in a report on Friday, July 10th. Barclays upped their target price on shares of PepsiCo from $138.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Bank of America reduced their price target on shares of PepsiCo from $173.00 to $164.00 and set a “neutral” rating for the company in a research note on Thursday, June 25th. Finally, Piper Sandler set a $176.00 target price on shares of PepsiCo in a report on Thursday, July 9th. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average target price of $157.90.

Institutional Investors Weigh In On PepsiCo

Hedge funds and other institutional investors have recently made changes to their positions in the business. Evergreen Advisors LLC purchased a new stake in PepsiCo during the first quarter valued at approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of PepsiCo during the 4th quarter valued at $26,000. Swiss RE Ltd. purchased a new stake in shares of PepsiCo in the 4th quarter worth $28,000. Atlatl Advisers LLC bought a new position in PepsiCo in the 2nd quarter worth $31,000. Finally, Osterweis Capital Management Inc. purchased a new position in PepsiCo during the second quarter valued at $31,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo reported progress in increasing recycled content in its plastic packaging. The sustainability improvement could support the company’s environmental goals and brand reputation, although the near-term financial effect appears limited. PepsiCo reports increase in recycled content for plastic packaging
• Positive Sentiment: PepsiCo is refreshing brands, products and value offerings to win back consumers. The initiatives could improve volumes over time and help defend market share, while the company’s dividend remains an important attraction for income-focused investors. PepsiCo’s Brand Refresh: Is it Enough to Win Back Consumers?
• Neutral Sentiment: Commentary suggests PepsiCo could be nearing a turning point, but investors are waiting for clearer evidence that its growth and consumer-demand challenges have bottomed. Why PepsiCo Could Be Nearing a Turning Point?
• Neutral Sentiment: Longtime executive Jeff Minges retired after receiving a PepsiCo Lifetime Achievement Award. The announcement recognizes his career but is unlikely to materially affect valuation or earnings. Jeff Minges retires with PepsiCo Lifetime Achievement Award
• Negative Sentiment: The main pressure on PEP is softer North American demand. Analysts expect the brand refresh to take time, raising concerns that PepsiCo may need additional promotions or pricing actions to rebuild volumes and consumer loyalty. PepsiCo’s Brand Refresh: Is it Enough to Win Back Consumers?
• Negative Sentiment: Investor commentary points to PepsiCo’s larger decline versus the broader market, reinforcing concerns about valuation, leverage and limited near-term growth. Competition from health-focused beverage brands such as Olipop also highlights changing consumer preferences and potential share pressure. Here’s Why PepsiCo Fell More Than the Broader Market

Insider Activity at PepsiCo

In other news, EVP David Flavell sold 2,900 shares of PepsiCo stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $139.54, for a total transaction of $404,666.00. Following the transaction, the executive vice president directly owned 74,825 shares of the company’s stock, valued at $10,441,080.50. The trade was a 3.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is owned by company 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.