PepsiCo (NASDAQ:PEP) Stock Acquired Rep. William R. Keating

Representative William R. Keating (D-Massachusetts) recently bought shares of PepsiCo, Inc. (NASDAQ:PEP). In a filing disclosed on February 25th, the Representative disclosed that they had bought between $1,001 and $15,000 in PepsiCo stock on February 5th. The trade occurred in the Representative’s “BILL’S IRA” account.

Representative William R. Keating also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Aramark (NYSE:ARMK) on 2/5/2025.
• Purchased $1,001 – $15,000 in shares of Accenture (NYSE:ACN) on 2/5/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 2/5/2025.
• Purchased $1,001 – $15,000 in shares of KLA (NASDAQ:KLAC) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Lam Research (NASDAQ:LRCX) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of CoStar Group (NASDAQ:CSGP) on 1/21/2025.
• Sold $1,001 – $15,000 in shares of Airbnb (NASDAQ:ABNB) on 1/7/2025.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 1/7/2025.
• Purchased $1,001 – $15,000 in shares of Fiserv (NYSE:FI) on 1/7/2025.

PepsiCo Price Performance

PepsiCo stock opened at $151.51 on Thursday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The stock has a market capitalization of $207.80 billion, a P/E ratio of 21.80, a P/E/G ratio of 3.09 and a beta of 0.54. The firm’s 50-day moving average is $148.56 and its two-hundred day moving average is $161.80. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same period last year, the company earned $1.78 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.58%. PepsiCo’s dividend payout ratio is currently 77.99%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PEP shares. TD Cowen cut their price objective on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Piper Sandler started coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective on the stock. Evercore ISI cut their price objective on shares of PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus target price of $171.47.

Institutional Trading of PepsiCo

A number of hedge funds have recently made changes to their positions in PEP. Norges Bank acquired a new stake in shares of PepsiCo during the fourth quarter worth approximately $2,729,565,000. Raymond James Financial Inc. bought a new stake in PepsiCo in the fourth quarter valued at $589,307,000. Charles Schwab Investment Management Inc. lifted its stake in PepsiCo by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock valued at $3,834,504,000 after buying an additional 3,856,193 shares during the last quarter. State Street Corp lifted its stake in PepsiCo by 5.1% in the third quarter. State Street Corp now owns 57,268,030 shares of the company’s stock valued at $9,738,429,000 after buying an additional 2,775,679 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in PepsiCo by 21.1% in the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock valued at $2,293,049,000 after buying an additional 2,264,445 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

About Representative Keating

Bill Keating (Democratic Party) is a member of the U.S. House, representing Massachusetts’ 9th Congressional District. He assumed office on January 3, 2013. His current term ends on January 3, 2027.

Keating (Democratic Party) is running for re-election to the U.S. House to represent Massachusetts’ 9th Congressional District. He declared candidacy for the 2026 election.

After earning his bachelor’s degree, Keating went into politics as a 23-year-old representative in the Massachusetts House of Representatives. He served in that chamber for seven years and went on to be elected to the Massachusetts Senate. Keating also earned his master’s degree and J.D., passing the Massachusetts bar. In the decade between serving in the state senate and being elected to the U.S. House, Keating worked as the Norfolk district attorney.

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.