Franklin Buys Accenture Shares Amid Shift to Diversified Portfolio
Florida Representative Scott Franklin has made significant changes to his investment portfolio within his Fidelity Roth IRA account. On August 26, 2026, he purchased shares in Accenture (ACN), Accenture's market capitalization standing at $111 billion, with a current price of $181.21 and a P/E ratio of 14.53.
InvestingPro analysis suggests that ACN is undervalued, offering a dividend yield of 3.43%. The company has seen a 27% decline in value year-to-date but has raised its dividend for six consecutive years. Franklin also bought shares in McDonald's (MCD), Novo Nordisk (NVO), Pepsico (PEP), and the Lord Abbett Short Duration High Yield bond fund (LSYIX) on the same day.
In contrast, Franklin sold portions of his holdings in Alphabet - Class C Capital Stock (GOOG), Apple Inc. (AAPL), and JP Morgan Chase & Co. (JPM) on August 20, 2026. These transactions indicate a shift in Franklin's investment strategy as he divests from tech and banking stocks to invest in various sectors including fast food, beverages, pharmaceuticals, and consulting services.