Representative Scott Franklin (R-Fla.) recently disclosed a series of stock transactions that signal a shift away from major technology names toward consumer staples. The filings, viewable on the Benzinga Government Trades page, detail activity conducted between August 20 and August 26.
On August 20, Franklin sold shares in Apple Inc. (NASDAQ: AAPL) and Alphabet Inc. (NASDAQ: GOOG). The value of these transactions ranged from $1,000 to $15,000 for each stock.
On August 26, Franklin increased his holdings in the consumer sector by purchasing shares of McDonald’s Corp (NYSE: MCD) and PepsiCo (NASDAQ: PEP). Like the previous sales, the purchase amounts for these stocks also fell within the $1,000 to $15,000 range.
According to data from Quiver Quantitative, these recent trades mark Franklin’s first disclosed activity since February. His trading history reveals a significant volume of activity since 2021, totaling $80.9 million. The majority of this volume occurred in 2021, amounting to $62.1 million. In 2022, Franklin bought and sold $4.8 million in shares, while this year, the total value of his trades has been approximately $187,000.
