Rep. Thomas H. Kean, Jr. Sells Off Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Rep. Thomas H. Kean, Jr. sold between $15,001 and $50,000 of PepsiCo (PEP) shares on March 26 from his State Street Bank & Trust Co. account.
• PepsiCo slightly beat quarterly EPS expectations ($2.26 vs. $2.24) with revenue up 5.6% year‑over‑year, announced a quarterly dividend of $1.4225 (annualized $5.69, ~3.7% yield) and approved a $10 billion share buyback (~4.7% of outstanding shares).
• The stock carries mixed analyst sentiment (consensus "Hold" and a $168.16 price target) and is ~73% owned by institutional investors.

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently sold shares of PepsiCo, Inc. NASDAQ: PEP. In a filing disclosed on April 13th, the Representative disclosed that they had sold between $15,001 and $50,000 in PepsiCo stock on March 26th. The trade occurred in the Representative's "STATE STREET BANK & TRUST CO." account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Amcor NYSE: AMCR on 3/31/2026.
• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 3/26/2026.
• Purchased $1,001 - $15,000 in shares of Linde NASDAQ: LIN on 3/26/2026.
• Sold $1,001 - $15,000 in shares of First Citizens BancShares NASDAQ: FCNCA on 3/26/2026.
• Sold $15,001 - $50,000 in shares of Chubb NYSE: CB on 3/26/2026.
• Sold $15,001 - $50,000 in shares of S&P Global NYSE: SPGI on 3/26/2026.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 3/10/2026.
• Purchased $1,001 - $15,000 in shares of Linde NASDAQ: LIN on 2/18/2026.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 2/13/2026.
• Purchased $1,001 - $15,000 in shares of First Citizens BancShares NASDAQ: FCNCA on 2/5/2026.

PepsiCo Stock Performance

NASDAQ PEP opened at $155.72 on Wednesday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.67 and a current ratio of 0.85. The stock's fifty day moving average is $160.46 and its two-hundred day moving average is $151.38. The firm has a market capitalization of $212.86 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 3.01 and a beta of 0.40. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $171.48.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Monday, February 2nd. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.24 by $0.02. The business had revenue of $29.34 billion during the quarter, compared to the consensus estimate of $28.96 billion. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The company's revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the company earned $1.96 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 6th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, March 6th. This represents a $5.69 dividend on an annualized basis and a yield of 3.7%. PepsiCo's dividend payout ratio (DPR) is presently 94.83%.

PepsiCo declared that its Board of Directors has approved a share buyback program on Tuesday, February 3rd that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 4.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its stock is undervalued.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Jim Cramer highlighted PepsiCo as a top packaged-food pick and praised management’s handling of category challenges (GLP‑1 effects, processed-food trends), which can boost retail investor interest ahead of earnings. Jim Cramer Notes He is Impressed With “Pepsi’s Dealing With the Travails of Processed Food and the Year of GLP-1”
• Positive Sentiment: 247WallStreet publishes a bullish 12‑month target (~$177), arguing defensive characteristics, dividend reliability and international momentum support ~13% upside — a counterpoint to recent cuts that can attract long‑term buyers. This Will be PepsiCo’s Stock Price Next Year
• Positive Sentiment: TheStreet ran a piece highlighting PepsiCo’s long-term dividend compounding (Dividend King narrative), which reinforces the stock’s appeal to income investors and supports valuation stability. Early Pepsi stock investors now earn a 10% dividend yield
• Neutral Sentiment: PepsiCo is set to report Q1 results on April 16; options imply an approximate 4% post‑earnings move. The upcoming print is the primary near‑term catalyst and is likely driving caution/volume dynamics. PepsiCo (PEP) Stock Earnings Preview: Q1 2026 Results Expected April 16
• Neutral Sentiment: Analysts have been revising forecasts into the print (some raising EPS/revenue views), which can increase pre‑earnings volatility but also set expectations. PepsiCo Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Negative Sentiment: Barclays trimmed its price target to $154 and kept an "equal weight" rating — a direct negative revision that set a nearer-term downside reference point for investors and likely pressured the stock intraday. Barclays adjusts PepsiCo price target to $154 from $160, maintains 'equal weight' rating
• Negative Sentiment: Wall Street shows mixed ratings — e.g., JPMorgan trimmed its target recently — signaling uneven analyst conviction on near‑term organic growth and margins, which can keep selling pressure until the company demonstrates clearer momentum. What’s Behind Mixed Ratings on PepsiCo, Inc. (PEP) in Wall Street

Institutional Investors Weigh In On PepsiCo

A number of institutional investors have recently made changes to their positions in PEP. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of PepsiCo during the 4th quarter worth approximately $26,000. Swiss RE Ltd. purchased a new stake in PepsiCo in the fourth quarter valued at approximately $28,000. JCIC Asset Management Inc. acquired a new position in PepsiCo during the third quarter worth $27,000. MH & Associates Securities Management Corp ADV purchased a new position in shares of PepsiCo during the fourth quarter worth $29,000. Finally, Evolution Wealth Management Inc. acquired a new stake in shares of PepsiCo in the second quarter valued at $27,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PEP shares. Wall Street Zen upgraded shares of PepsiCo from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. Weiss Ratings reissued a "hold (c)" rating on shares of PepsiCo in a research note on Wednesday, April 8th. UBS Group cut their price target on shares of PepsiCo from $190.00 to $186.00 and set a "buy" rating for the company in a report on Tuesday, April 7th. Rothschild & Co Redburn lifted their price target on shares of PepsiCo from $120.00 to $130.00 and gave the company a "sell" rating in a research report on Tuesday, February 10th. Finally, Wells Fargo & Company increased their price objective on PepsiCo from $154.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and a consensus price target of $168.16.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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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