Rep. Jared Moskowitz Purchases Shares of PepsiCo, Inc. (NASDAQ:PEP)

by · The Cerbat Gem

Representative Jared Moskowitz (D-Florida) recently bought shares of PepsiCo, Inc. (NASDAQ:PEP). In a filing disclosed on December 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in PepsiCo stock on November 8th. The trade occurred in the Representative’s “MORGAN STANLEY ACTIVE ASSETS (6)” account.

Representative Jared Moskowitz also recently made the following trade(s):

  • Purchased $1,001 – $15,000 in shares of Atmos Energy (NYSE:ATO) on 11/8/2024.
  • Purchased $1,001 – $15,000 in shares of Elevance Health (NYSE:ELV) on 11/8/2024.
  • Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 11/8/2024.
  • Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 11/8/2024.
  • Purchased $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 11/8/2024.
  • Purchased $1,001 – $15,000 in shares of Tractor Supply (NASDAQ:TSCO) on 11/8/2024.
  • Purchased $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 11/8/2024.
  • Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 11/8/2024.
  • Sold $50,001 – $100,000 in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) on 11/8/2024.
  • Sold $15,001 – $50,000 in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) on 11/8/2024.

PepsiCo Price Performance

NASDAQ:PEP opened at $156.77 on Thursday. The stock has a 50 day moving average of $166.39 and a two-hundred day moving average of $169.29. PepsiCo, Inc. has a 12 month low of $155.85 and a 12 month high of $183.41. The firm has a market cap of $215.09 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 2.94 and a beta of 0.52. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

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

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.46%. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Royal Bank of Canada dropped their price target 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. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Barclays dropped their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Finally, Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target on the stock. in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average price target of $183.92.

View Our Latest Stock Report on PEP

Institutional Investors Weigh In On PepsiCo

Several institutional investors have recently modified their holdings of PEP. Cooper Financial Group lifted its holdings in shares of PepsiCo by 28.0% in the 2nd quarter. Cooper Financial Group now owns 3,904 shares of the company’s stock valued at $644,000 after purchasing an additional 853 shares during the last quarter. M&G Plc boosted its holdings in shares of PepsiCo by 3.6% in the second quarter. M&G Plc now owns 426,269 shares of the company’s stock valued at $70,334,000 after acquiring an additional 14,724 shares during the period. Burke & Herbert Bank & Trust Co. increased its holdings in shares of PepsiCo by 104.3% in the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 24,060 shares of the company’s stock valued at $3,961,000 after acquiring an additional 12,281 shares during the period. Foguth Wealth Management LLC. raised its position in PepsiCo by 44.4% in the 2nd quarter. Foguth Wealth Management LLC. now owns 2,802 shares of the company’s stock valued at $462,000 after purchasing an additional 861 shares during the last quarter. Finally, Bank Pictet & Cie Asia Ltd. boosted its stake in PepsiCo by 22.8% during the 2nd quarter. Bank Pictet & Cie Asia Ltd. now owns 51,628 shares of the company’s stock worth $8,515,000 after purchasing an additional 9,596 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

About Representative Moskowitz

Jared Evan Moskowitz (Democratic Party) is a member of the U.S. House, representing Florida’s 23rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Moskowitz (Democratic Party) is running for re-election to the U.S. House to represent Florida’s 23rd Congressional District. He declared candidacy for the Democratic primary scheduled on August 20, 2024. Moskowitz resigned his state House seat on January 11, 2019, to head the state’s Division of Emergency Management. Jared Evan Moskowitz was born in Coral Springs, Florida. Moskowitz graduated from Marjory Stoneman Douglas High School. He earned a bachelor’s degree in political science and government from George Washington University in 2003 and a law degree from Nova Southeastern University in 2007. Moskowitz’s career experience includes working as the director of the Florida Division of Emergency Management and general counsel with AshBritt Inc.

PepsiCo Company Profile

(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.

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