Sen. Markwayne Mullin Sells PepsiCo, Inc. (NASDAQ:PEP) Stock

Posted by Jim Brewer on Jan 2nd, 2025

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of PepsiCo, Inc. (NASDAQ:PEP). In a filing disclosed on December 31st, the Senator disclosed that they had sold between $15,001 and $50,000 in PepsiCo stock on December 11th.

Senator Markwayne Mullin also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
Sold $1,001 – $15,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
Sold $15,001 – $50,000 in shares of Axon Enterprise (NASDAQ:AXON) on 12/18/2024.
Sold $15,001 – $50,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
Sold $15,001 – $50,000 in shares of Sprouts Farmers Market (NASDAQ:SFM) on 12/18/2024.
Sold $15,001 – $50,000 in shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) on 12/18/2024.
Sold $15,001 – $50,000 in shares of Stride (NYSE:LRN) on 12/18/2024.
Sold $1,001 – $15,000 in shares of Badger Meter (NYSE:BMI) on 12/18/2024.
Sold $15,001 – $50,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
Sold $15,001 – $50,000 in shares of Freshpet (NASDAQ:FRPT) on 12/18/2024.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $152.06 on Thursday. PepsiCo, Inc. has a one year low of $149.71 and a one year high of $183.41. The stock has a market cap of $208.62 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.94 and a beta of 0.52. The business’s fifty day moving average price is $160.39 and its two-hundred day moving average price is $167.49. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo (NASDAQ:PEP – Get Free Report) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.01. The company had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $2.25 EPS. On average, analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be paid a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.56%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Analyst Ratings Changes

A number of brokerages have recently commented on PEP. Royal Bank of Canada lowered their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Bank of America dropped their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a report on Friday, September 20th. Deutsche Bank Aktiengesellschaft raised shares of PepsiCo from a “hold” rating to a “buy” rating and increased their price target for the stock from $179.00 to $184.00 in a research note on Thursday, December 12th. Finally, Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $184.31.

View Our Latest Report on PepsiCo

Institutional Investors Weigh In On PepsiCo

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its position in PepsiCo by 9.2% during the 3rd quarter. Empowered Funds LLC now owns 99,785 shares of the company’s stock worth $16,968,000 after purchasing an additional 8,406 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of PepsiCo by 11.0% during the third quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock valued at $59,549,000 after buying an additional 34,633 shares in the last quarter. IHT Wealth Management LLC raised its position in PepsiCo by 19.3% during the third quarter. IHT Wealth Management LLC now owns 32,267 shares of the company’s stock valued at $5,493,000 after buying an additional 5,220 shares during the period. Meridian Wealth Management LLC acquired a new stake in PepsiCo during the 3rd quarter worth about $9,589,000. Finally, Kestra Investment Management LLC purchased a new position in PepsiCo during the 3rd quarter valued at about $527,000. 73.07% of the stock is owned by institutional investors and hedge funds.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

About PepsiCo

(Get Free Report)

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.