Rep. Mike Kelly Sells Off Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Rep. Mike Kelly sold $15,001–$50,000 of PepsiCo shares from the Victoria Kelly Trust ICA account on July 17. He also sold smaller positions in Abbott Laboratories and Walt Disney on the same date.
• PepsiCo’s latest quarter exceeded expectations, with $2.20 EPS and $24.18 billion in revenue, up 6.4% year over year. The company reaffirmed fiscal 2026 EPS guidance of $8.55–$8.71.
• PepsiCo declared a quarterly dividend of $1.48, equivalent to a 4.3% annualized yield. Analysts maintain a consensus “Hold” rating, with an average price target of $157.90 versus the reported share price of $138.70.

Representative Mike Kelly (Republican-Pennsylvania) recently sold shares of PepsiCo, Inc. NASDAQ: PEP. In a filing disclosed on August 12th, the Representative disclosed that they had sold between $15,001 and $50,000 in PepsiCo stock on July 17th. The trade occurred in the Representative's "VICTORIA KELLY TRUST ICA" account.

Representative Mike Kelly also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 7/17/2026.
• Sold $1,001 - $15,000 in shares of Walt Disney NYSE: DIS on 7/17/2026.

PepsiCo Price Performance

PEP stock opened at $138.70 on Thursday. The firm has a 50 day simple moving average of $140.26 and a two-hundred day simple moving average of $150.67. PepsiCo, Inc. has a one year low of $133.73 and a one year high of $171.48. 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 cap of $189.31 billion, a PE ratio of 18.18, a P/E/G ratio of 3.04 and a beta of 0.35.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.19 by $0.01. The firm had revenue of $24.18 billion during the quarter, compared to analysts' expectations of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, analysts predict that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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

Insider Buying and Selling at PepsiCo

In related news, EVP David Flavell sold 2,900 shares of the firm's 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on PEP. Evercore set a $150.00 price objective on shares of PepsiCo in a research report on Thursday, July 9th. Barclays boosted their target price on shares of PepsiCo from $138.00 to $142.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. The Goldman Sachs Group lifted their price objective on PepsiCo from $180.00 to $183.00 and gave the company a "buy" rating in a research note on Friday, April 17th. Weiss Ratings reiterated a "hold (c)" rating on shares of PepsiCo in a research note on Monday, July 6th. Finally, Royal Bank Of Canada dropped their price objective on PepsiCo from $163.00 to $161.00 and set a "sector perform" rating on the stock in a research report on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $157.90.

Hedge Funds Weigh In On PepsiCo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after buying an additional 6,574 shares during the period. Caxton Associates LLP purchased a new stake in PepsiCo in the 1st quarter valued at about $251,000. Sivia Capital Partners LLC grew its stake in PepsiCo by 138.5% in the second quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company's stock worth $862,000 after purchasing an additional 3,790 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in shares of PepsiCo by 10.1% during the second quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company's stock valued at $5,039,000 after buying an additional 3,502 shares during the period. Finally, Sei Investments Co. increased its position in PepsiCo by 45.5% during the 2nd quarter. Sei Investments Co. now owns 536,133 shares of the company's stock valued at $70,789,000 after purchasing an additional 167,707 shares during the period. 73.07% of the stock is owned by institutional investors.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo is expanding beyond traditional snacks and beverages with the U.S. launch of Alvalle refrigerated gazpacho. The move targets growing demand for fresh, convenient, ingredient-focused meals and could diversify future revenue. The company also signed a multiyear beverage partnership with the Tampa Bay Buccaneers, adding a high-profile marketing channel. PepsiCo Enters Fresh Meals With Its US Alvalle Gazpacho Launch
• Positive Sentiment: Analysts and investors are highlighting PEP’s relatively low valuation, defensive brand portfolio and attractive dividend yield. Supporters argue that the stock’s depressed price could offer income-oriented investors upside if growth improves in the second half of 2026. PepsiCo Stock Has Stalled
• Positive Sentiment: PepsiCo is using digital twins, Siemens software and Nvidia’s Omniverse platform to simulate factory expansions before committing to physical construction. The technology could reduce capital-spending mistakes, improve plant efficiency and support margins over time. PepsiCo Tests Its Factories in Software Before Steel
• Neutral Sentiment: PepsiCo’s latest reported quarter exceeded expectations, with earnings of $2.20 per share and revenue of $24.18 billion, while revenue increased 6.4% year over year. Management’s fiscal 2026 earnings guidance provides a baseline for investors, but the stock’s near-term performance depends on whether growth and margins accelerate.
• Negative Sentiment: Higher gasoline prices may pressure household budgets, potentially reducing demand for discretionary snacks, beverages and convenience products. This adds to concerns about softer volumes and cautious consumers in North America. Why Is PepsiCo in Focus as Gasoline Prices Pressure Consumers?
• Negative Sentiment: Recent comparisons with Coca-Cola suggest PepsiCo faces a weaker near-term operating outlook, including weak North American demand, softer volumes, rising costs and margin pressure. These challenges explain why investors remain cautious despite PEP’s strong global brands. Coca-Cola vs. PepsiCo Stock After Q2 Earnings

About Representative Kelly

Mike Kelly (Republican Party) is a member of the U.S. House, representing Pennsylvania's 16th Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027. Kelly (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 16th Congressional District. He declared candidacy for the 2026 election.

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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