Representative McCormick Offloads Shares in Major Companies

Representative Richard McCormick, a Republican from Georgia's 7th Congressional District, has made some notable stock trades recently. According to a filing on August 14th, McCormick sold between $1,001 and $15,000 in PepsiCo stock on July 30th as part of his 'GROWTH PARTNERS ROTH IRA' account.

This is not an isolated instance; the representative also sold shares of other well-known companies around the same time. The list includes McDonald's, Medtronic, NextEra Energy, Abbott Laboratories, L3Harris Technologies, Johnson & Johnson, Intercontinental Exchange, Illinois Tool Works, Home Depot, and Emerson Electric.

PepsiCo, Inc., with a market capitalization of $188.68 billion, has a 12-month high of $171.48 and a 12-month low of $133.73. Its P/E ratio stands at 18.12, and its beta is 0.35.

The company's quarterly earnings data for July 9th showed a revenue increase of 6.4% year-over-year, with EPS at $2.20 beating the consensus estimate by $0.01. A dividend of $1.48 per share was announced on September 30th for shareholders recorded as of September 4th.