PepsiCo (NASDAQ:PEP) Shares Sold Off Rep. Richard McCormick

Posted by Don Miller on Aug 18th, 2026

Representative Richard McCormick (Republican-Georgia) recently sold shares of PepsiCo, Inc. (NASDAQ:PEP). In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in PepsiCo stock on July 30th. The trade occurred in the Representative’s “GROWTH PARTNERS ROTH IRA” account.

Representative Richard McCormick also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 7/30/2026.
Sold $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 7/30/2026.
Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 7/30/2026.
Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 7/30/2026.
Sold $1,001 – $15,000 in shares of L3Harris Technologies (NYSE:LHX) on 7/30/2026.
Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 7/30/2026.
Sold $1,001 – $15,000 in shares of Intercontinental Exchange (NYSE:ICE) on 7/30/2026.
Sold $1,001 – $15,000 in shares of Illinois Tool Works (NYSE:ITW) on 7/30/2026.
Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 7/30/2026.
Sold $1,001 – $15,000 in shares of Emerson Electric (NYSE:EMR) on 7/30/2026.

PepsiCo Stock Up 1.6%

PEP traded up $2.21 on Tuesday, hitting $140.45. 1,247,414 shares of the company were exchanged, compared to its average volume of 7,827,108. PepsiCo, Inc. has a twelve month low of $133.73 and a twelve month high of $171.48. The company has a market cap of $191.70 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 3.09 and a beta of 0.35. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91. The firm has a 50-day moving average price of $140.15 and a two-hundred day moving average price of $150.53.

PepsiCo (NASDAQ:PEP – Get Free Report) last issued its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.01. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The firm had revenue of $24.18 billion for the quarter, compared to analysts’ expectations of $23.95 billion. During the same quarter last year, the company earned $0.92 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 8.57 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be paid a $1.48 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. PepsiCo’s payout ratio is 77.59%.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

Positive Sentiment: PepsiCo is highlighted as a dependable blue-chip dividend stock, reinforcing its appeal to income-oriented investors seeking recurring payouts and long-term capital returns. 5 Dependable Dividend Stocks to Buy in August
Positive Sentiment: The company reported increased recycled content in its plastic packaging, a development that could improve its sustainability profile and help address investor and regulatory concerns about packaging waste. PepsiCo reports increase in recycled content for plastic packaging
Neutral Sentiment: Analysts describe PepsiCo as potentially nearing a turning point, but the stock’s recovery depends on better consumer demand, improved execution and renewed confidence in its growth strategy. Why PepsiCo Could Be Nearing a Turning Point
Negative Sentiment: PepsiCo’s brand refresh, new products and value-focused offers are intended to reconnect with consumers, but softer North American demand could make any turnaround gradual rather than immediate. PepsiCo’s Brand Refresh: Is it Enough to Win Back Consumers?
Negative Sentiment: PepsiCo recently underperformed the broader market, reflecting continued investor caution around its near-term operating momentum. Separately, the rapid growth of Olipop highlights intensifying competition from health-oriented beverage brands and skepticism toward traditional soda companies. Here’s Why PepsiCo Fell More Than the Broader Market

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein set a $134.00 price objective on shares of PepsiCo in a research report on Friday, July 10th. TD Cowen cut their price target on PepsiCo from $150.00 to $145.00 and set a “hold” rating on the stock in a research note on Friday, July 10th. Royal Bank Of Canada decreased their price target on PepsiCo from $163.00 to $161.00 and set a “sector perform” rating for the company in a report on Friday, July 10th. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $178.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, July 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Monday, July 6th. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $157.90.

Get Our Latest Stock Report on PEP

Insider Activity

In related news, EVP David Flavell sold 2,900 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $139.54, for a total value of $404,666.00. Following the completion of the sale, the executive vice president owned 74,825 shares in the company, valued at $10,441,080.50. This trade represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PepsiCo

Several hedge funds have recently modified their holdings of PEP. Evergreen Advisors LLC purchased a new stake in shares of PepsiCo in the first quarter valued at about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in PepsiCo in the fourth quarter valued at about $26,000. Swiss RE Ltd. purchased a new stake in PepsiCo in the 4th quarter valued at approximately $28,000. Atlatl Advisers LLC acquired a new position in PepsiCo during the 2nd quarter worth approximately $31,000. Finally, Osterweis Capital Management Inc. acquired a new position in PepsiCo during the second quarter worth $31,000. 73.07% of the stock is owned by institutional investors and hedge funds.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia’s 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 7th Congressional District. He declared candidacy for the 2026 election.

Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick’s career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

About PepsiCo

(Get Free Report)

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.