Rep. Jefferson Shreve Sells Off Shares of PepsiCo, Inc. (NASDAQ:PEP)

Representative Jefferson Shreve (R-Indiana) recently sold shares of PepsiCo, Inc. NASDAQ: PEP. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in PepsiCo stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

PepsiCo Stock Performance

Shares of PepsiCo stock traded down $1.06 on Friday, hitting $143.45. 6,596,497 shares of the company's stock were exchanged, compared to its average volume of 10,334,833. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The stock has a market capitalization of $196.39 billion, a PE ratio of 26.13, a PEG ratio of 3.82 and a beta of 0.45. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $180.91. The company has a 50-day simple moving average of $133.58 and a 200-day simple moving average of $140.99.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The business had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the prior year, the business posted $2.28 earnings per share. The business's quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.97%. PepsiCo's dividend payout ratio is currently 103.64%.

Analysts Set New Price Targets

PEP has been the subject of a number of recent analyst reports. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research report on Thursday, April 24th. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Citigroup raised their price target on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Barclays upped their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $158.73.

Institutional Investors Weigh In On PepsiCo

Several large investors have recently added to or reduced their stakes in the stock. Kellett Wealth Advisors LLC raised its position in PepsiCo by 31.5% in the 2nd quarter. Kellett Wealth Advisors LLC now owns 2,060 shares of the company's stock worth $272,000 after purchasing an additional 494 shares during the period. Community Bank N.A. lifted its stake in shares of PepsiCo by 3.4% during the 2nd quarter. Community Bank N.A. now owns 64,594 shares of the company's stock worth $8,529,000 after acquiring an additional 2,137 shares during the last quarter. NorthRock Partners LLC boosted its holdings in PepsiCo by 17.1% during the 2nd quarter. NorthRock Partners LLC now owns 36,934 shares of the company's stock valued at $4,877,000 after acquiring an additional 5,394 shares during the period. Verdence Capital Advisors LLC grew its position in PepsiCo by 0.7% in the 2nd quarter. Verdence Capital Advisors LLC now owns 31,727 shares of the company's stock valued at $4,189,000 after acquiring an additional 230 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in PepsiCo by 15.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 95,954 shares of the company's stock worth $12,670,000 after purchasing an additional 12,917 shares during the period. 73.07% of the stock is owned by institutional investors.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.