Rep. Carol D. Miller Buys PepsiCo, Inc. (NASDAQ:PEP) Shares

Representative Carol D. Miller (R-West Virginia) recently bought shares of PepsiCo, Inc. NASDAQ: PEP. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in PepsiCo stock on March 10th. The trade occurred in the Representative's "MATT MILLER INVESTMENT MANAGEMENT ACCOUNT" account.

Representative Carol D. Miller also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Aflac NYSE: AFL on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Gilead Sciences NASDAQ: GILD on 3/10/2025.
• Sold $1,001 - $15,000 in shares of Pfizer NYSE: PFE on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Lockheed Martin NYSE: LMT on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Honeywell International NASDAQ: HON on 3/10/2025.
• Sold $1,001 - $15,000 in shares of U.S. Bancorp NYSE: USB on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of CME Group NASDAQ: CME on 3/10/2025.
• Sold $1,001 - $15,000 in shares of Target NYSE: TGT on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of American Water Works NYSE: AWK on 3/10/2025.

PepsiCo Price Performance

NASDAQ:PEP traded up $2.75 during trading hours on Friday, reaching $142.84. 6,052,161 shares of the company were exchanged, compared to its average volume of 6,110,283. The firm has a market cap of $195.88 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The stock's 50-day moving average is $148.16 and its 200-day moving average is $154.94. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $138.33 and a twelve month high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period in the previous year, the company posted $1.78 earnings per share. The business's revenue was down .2% on a year-over-year basis. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.79%. PepsiCo's payout ratio is 77.99%.

Analyst Ratings Changes

PEP has been the topic of several analyst reports. HSBC reduced their price target on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Royal Bank of Canada initiated coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price target for the company. Citigroup reduced their price target on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Bank of America reiterated a "neutral" rating and issued a $155.00 price objective (down from $185.00) on shares of PepsiCo in a research report on Tuesday. Finally, Morgan Stanley decreased their price target on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock 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 five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $168.12.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Tcfg Wealth Management LLC lifted its holdings in PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after buying an additional 66 shares during the last quarter. Lincoln Capital LLC lifted its stake in PepsiCo by 0.4% during the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock worth $2,556,000 after purchasing an additional 70 shares during the last quarter. Marshall Financial Group LLC boosted its holdings in PepsiCo by 2.3% in the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock valued at $476,000 after purchasing an additional 70 shares in the last quarter. Osprey Private Wealth LLC raised its holdings in PepsiCo by 0.5% during the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock worth $2,290,000 after purchasing an additional 70 shares in the last quarter. Finally, TAGStone Capital Inc. lifted its position in shares of PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

About Representative Miller

Carol Miller (Republican Party) is a member of the U.S. House, representing West Virginia's 1st Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. Miller (Republican Party) ran for re-election to the U.S. House to represent West Virginia's 1st Congressional District. She won in the general election on November 5, 2024. West Virginia's 3rd Congressional District race was identified as a 2018 battleground that might have affected partisan control of the U.S. House in the 116th Congress. Incumbent Evan Jenkins (R) did not seek re-election in 2018, leaving the seat open. In the campaign, Miller emphasized her endorsement by President Donald Trump (R). Lara Trump, Senior Advisor to Donald J. Trump for President, Inc., said, "Carol is pro-coal, pro-Second Amendment, and pro-Trump through and through, and is prepared to tackle the opioid epidemic that’s affected countless West Virginians." Miller also supported the construction of a wall on the southern U.S. border and the Tax Cuts and Jobs Act (TCJA). Miller is a former Republican member of the West Virginia House of Delegates, representing District 16 from 2006 to 2018. Miller has also worked in real estate and owns a bison farm. Carol Miller was born in Columbus, Ohio. Miller graduated from Bexley High School in 1968. She earned a B.S. from Columbia College in 1972. Her career experience includes owning and operating Swann Ridge Bison Farm and working as a real estate manager.

PepsiCo Company Profile

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.