Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of PepsiCo, Inc. NASDAQ: PEP. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in PepsiCo stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
- Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
PepsiCo Trading Down 1.2%
NASDAQ PEP traded down $1.52 on Wednesday, reaching $128.79. The stock had a trading volume of 7,295,296 shares, compared to its average volume of 6,319,465. The firm has a market capitalization of $176.58 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12-month low of $127.90 and a 12-month high of $183.41. The stock has a fifty day moving average price of $142.80 and a two-hundred day moving average price of $150.32.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.61 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.
PepsiCo Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.42%. PepsiCo's payout ratio is presently 83.68%.
Analyst Ratings Changes
PEP has been the subject of a number of recent research reports. HSBC decreased their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. CICC Research reissued a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Royal Bank of Canada reissued a "sector perform" rating and set a $163.00 target price on shares of PepsiCo in a research note on Tuesday, April 22nd. Bank of America lowered their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Finally, Wells Fargo & Company lowered their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $160.69.
Read Our Latest Report on PEP
Institutional Trading of PepsiCo
Several institutional investors and hedge funds have recently made changes to their positions in the company. AlphaQuest LLC lifted its holdings in shares of PepsiCo by 403.5% in the 1st quarter. AlphaQuest LLC now owns 12,984 shares of the company's stock valued at $1,947,000 after purchasing an additional 10,405 shares during the last quarter. Strategies Wealth Advisors LLC purchased a new stake in PepsiCo during the 1st quarter valued at approximately $342,000. Allstate Corp raised its stake in PepsiCo by 3.2% during the 1st quarter. Allstate Corp now owns 42,292 shares of the company's stock valued at $6,341,000 after acquiring an additional 1,310 shares during the last quarter. Mccarter Private Wealth Services LLC raised its stake in PepsiCo by 8.7% during the 1st quarter. Mccarter Private Wealth Services LLC now owns 7,396 shares of the company's stock valued at $1,109,000 after acquiring an additional 593 shares during the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA raised its stake in PepsiCo by 0.4% during the 1st quarter. Kelly Lawrence W & Associates Inc. CA now owns 61,290 shares of the company's stock valued at $9,190,000 after acquiring an additional 250 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About PepsiCo
(
Get Free Report)
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.
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