Sen. Tina Smith Sells PepsiCo, Inc. (NASDAQ:PEP) Shares

Senator Tina Smith (D-Minnesota) recently sold shares of PepsiCo, Inc. NASDAQ: PEP. In a filing disclosed on March 19th, the Senator disclosed that they had sold between $100,001 and $250,000 in PepsiCo stock on February 11th.

Senator Tina Smith also recently made the following trade(s):

• Sold $100,001 - $250,000 in shares of General Mills NYSE: GIS on 2/11/2025.

PepsiCo Stock Up 0.7 %

PEP stock traded up $1.00 during trading on Monday, reaching $146.45. 5,965,894 shares of the stock were exchanged, compared to its average volume of 5,421,326. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The firm has a market cap of $200.86 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The firm's 50 day moving average is $149.04 and its 200 day moving average is $158.96.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating 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 company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter last year, the company earned $1.78 earnings per share. The company's revenue for the quarter was down .2% on a year-over-year basis. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

Remove Ads

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

Analysts Set New Price Targets

PEP has been the topic of a number of research analyst reports. StockNews.com downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Morgan Stanley reduced their target price on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Barclays lowered shares of PepsiCo from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $168.00 to $156.00 in a research note on Tuesday, March 18th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Finally, Royal Bank of Canada began coverage on PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price target on the stock. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $169.88.

Institutional Trading of PepsiCo

Several large investors have recently modified their holdings of PEP. Mascagni Wealth Management Inc. bought a new stake in PepsiCo during the 4th quarter valued at approximately $333,000. Fairtree Asset Management Pty Ltd purchased a new stake in shares of PepsiCo during the 4th quarter valued at about $711,000. DSG Capital Advisors LLC bought a new stake in shares of PepsiCo in the fourth quarter worth $461,000. Chancellor Financial Group WB LP bought a new position in shares of PepsiCo in the 4th quarter worth approximately $1,561,000. Finally, Triton Wealth Management PLLC increased its holdings in PepsiCo by 14.2% during the fourth quarter. Triton Wealth Management PLLC now owns 5,570 shares of the company's stock valued at $919,000 after buying an additional 691 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

About Senator Smith

Tina Smith (Democratic Party) is a member of the U.S. Senate from Minnesota. She assumed office on January 3, 2018. Her current term ends on January 3, 2027. Smith (Democratic Party) ran for re-election to the U.S. Senate to represent Minnesota. She won in the general election on November 3, 2020. Smith succeeded former Senator Al Franken (D). She assumed office on January 3, 2018. Smith won a full term in the special general election for the position on November 6, 2018. She defeated Karin Housley (R), Sarah Wellington (Legal Marijuana Now Party), and Jerry Trooien (Unaffiliated) to win the seat. She advanced to the general election after defeating five challengers in the special Democratic primary election on August 14, 2018. Smith previously served as the 48th lieutenant governor of Minnesota. She was elected to the position on a joint ticket with incumbent Governor Mark Dayton on November 4, 2014, and was sworn into office on January 5, 2015.

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.