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

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 Price Performance

PepsiCo stock opened at $147.15 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a market cap of $201.82 billion, a P/E ratio of 21.17, a P/E/G ratio of 3.09 and a beta of 0.52. The business’s fifty day moving average is $148.98 and its two-hundred day moving average is $159.41. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41.

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

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PEP shares. Morgan Stanley cut 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. Evercore ISI cut their price target on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft cut their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Finally, StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $169.88.

Institutional Investors Weigh In On PepsiCo

A number of institutional investors have recently made changes to their positions in PEP. Swedbank AB boosted its holdings in PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after acquiring an additional 1,592,343 shares in the last quarter. Howard Capital Management Group LLC boosted its holdings in PepsiCo by 2.0% in the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock worth $777,000 after acquiring an additional 90 shares in the last quarter. New England Asset Management Inc. boosted its holdings in PepsiCo by 3.1% in the third quarter. New England Asset Management Inc. now owns 11,387 shares of the company’s stock worth $1,936,000 after acquiring an additional 345 shares in the last quarter. Windle Wealth LLC boosted its holdings in PepsiCo by 4.5% in the third quarter. Windle Wealth LLC now owns 38,458 shares of the company’s stock worth $6,540,000 after acquiring an additional 1,639 shares in the last quarter. Finally, Aviance Capital Partners LLC boosted its holdings in PepsiCo by 5.6% in the third quarter. Aviance Capital Partners LLC now owns 16,545 shares of the company’s stock worth $2,813,000 after acquiring an additional 876 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

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.