Rep. Thomas H. Kean, Jr. Sells Off Shares of PepsiCo, Inc. (NASDAQ:PEP)

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently sold shares of PepsiCo, Inc. (NASDAQ:PEP). In a filing disclosed on April 13th, the Representative disclosed that they had sold between $15,001 and $50,000 in PepsiCo stock on March 26th. The trade occurred in the Representative’s “STATE STREET BANK & TRUST CO.” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 3/31/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 3/26/2026.
• Purchased $1,001 – $15,000 in shares of Linde (NASDAQ:LIN) on 3/26/2026.
• Sold $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 3/26/2026.
• Sold $15,001 – $50,000 in shares of Chubb (NYSE:CB) on 3/26/2026.
• Sold $15,001 – $50,000 in shares of S&P Global (NYSE:SPGI) on 3/26/2026.
• Sold $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 3/10/2026.
• Purchased $1,001 – $15,000 in shares of Linde (NASDAQ:LIN) on 2/18/2026.
• Sold $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 2/13/2026.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 2/5/2026.

PepsiCo Stock Performance

NASDAQ:PEP traded up $3.53 during mid-day trading on Thursday, reaching $158.38. 10,396,411 shares of the company’s stock were exchanged, compared to its average volume of 7,743,108. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $171.48. The firm has a market capitalization of $216.50 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 3.01 and a beta of 0.40. The business’s fifty day simple moving average is $160.23 and its two-hundred day simple moving average is $151.41. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.67 and a current ratio of 0.85.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. The business had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same period last year, the firm earned $1.48 earnings per share. PepsiCo’s revenue for the quarter was up 8.5% compared to the same quarter last year. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo declared that its board has approved a share repurchase program on Tuesday, February 3rd that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 4.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th were given a $1.4225 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $5.69 annualized dividend and a dividend yield of 3.6%. PepsiCo’s dividend payout ratio is presently 94.83%.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Q1 beat on top and bottom lines: PepsiCo reported $1.61 EPS vs. $1.55 expected and $19.44B revenue, beating estimates and showing revenue growth driven by international strength and improving North America food trends. PepsiCo tops quarterly revenue estimates as price cuts drive demand
• Positive Sentiment: Price cuts and product refresh are restoring shopper demand (North America food volumes rose), a core reason traders are bullish on near-term sales momentum. Management said lower prices and wellness-focused SKUs are bringing customers back. Pepsi says price cuts and wellness push are bringing back customers — and the stock surges
• Positive Sentiment: Brand/product initiatives (notably a Gatorade refresh and broader hydration push) give PepsiCo new growth levers beyond core snacks/beverages. These play into long-term category expansion. 150 Million Americans Feel Dehydrated*. Gatorade Aims to Change How People Think About Hydration.
• Positive Sentiment: Technical/market commentary shows a bullish price reversal and support confirmation, which is attracting momentum buyers and option activity. PepsiCo Stock Reversal Points Toward New All-Time Highs
• Neutral Sentiment: Company reaffirmed FY26 outlook but issued ranges that investors should watch closely (EPS and revenue guidance were not materially above consensus), leaving room for interpretation on full-year upside. PepsiCo earnings beat estimates as North American food business improves
• Negative Sentiment: Management warned that “inflation will come,” and price cuts that restored volumes could pressure margins if cost inflation or commodity/oil-driven input costs rise. This is a key risk for earnings durability. Despite Iran War’s Effects, PepsiCo Says Consumers Still Spending on Snacks
• Negative Sentiment: Price-led recovery helps volumes but could compress margins long-term if the pricing reset is sustained or commodity and logistics costs rise (investors flagged this trade-off in reaction to the quarter). Appetite for PepsiCo’s cheaper snacks boosts foods group

Hedge Funds Weigh In On PepsiCo

Several hedge funds have recently bought and sold shares of PEP. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in PepsiCo during the 4th quarter worth approximately $26,000. Evolution Wealth Management Inc. acquired a new stake in PepsiCo during the 2nd quarter worth approximately $27,000. JCIC Asset Management Inc. acquired a new stake in PepsiCo during the 3rd quarter worth approximately $27,000. Swiss RE Ltd. acquired a new stake in PepsiCo during the 4th quarter worth approximately $28,000. Finally, MH & Associates Securities Management Corp ADV acquired a new stake in PepsiCo during the 4th quarter worth approximately $29,000. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on PEP shares. Royal Bank Of Canada lowered their price target on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 9th. Piper Sandler raised their price target on shares of PepsiCo from $172.00 to $181.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. BNP Paribas Exane set a $191.00 price target on shares of PepsiCo in a research report on Wednesday, February 4th. Finally, Citigroup raised their target price on shares of PepsiCo from $170.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $168.16.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

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

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

PepsiCo Company Profile

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.