Apollon Wealth Management LLC Lowers Stock Holdings in PepsiCo, Inc. $PEP

Apollon Wealth Management LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 6.1% in the first quarter, Holdings Channel.com reports. The fund owned 110,882 shares of the company’s stock after selling 7,188 shares during the quarter. Apollon Wealth Management LLC’s holdings in PepsiCo were worth $17,219,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in PepsiCo in the 4th quarter valued at $26,000. Swiss RE Ltd. purchased a new stake in shares of PepsiCo in the fourth quarter worth $28,000. MH & Associates Securities Management Corp ADV bought a new stake in PepsiCo during the fourth quarter valued at $29,000. Vermillion Wealth Management Inc. grew its position in PepsiCo by 99.1% during the first quarter. Vermillion Wealth Management Inc. now owns 217 shares of the company’s stock worth $34,000 after buying an additional 108 shares in the last quarter. Finally, Imprint Wealth LLC purchased a new position in PepsiCo during the third quarter worth about $31,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $141.39 on Monday. The firm has a market capitalization of $193.25 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.85 and a beta of 0.35. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. PepsiCo, Inc. has a 12 month low of $128.11 and a 12 month high of $171.48. The business’s 50-day moving average price is $148.40 and its 200-day moving average price is $152.06.

PepsiCo (NASDAQ:PEP) last released its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The company had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $18.89 billion. During the same quarter in the previous year, the company posted $1.48 EPS. PepsiCo’s quarterly revenue was up 8.5% compared to the same quarter last year. Sell-side analysts forecast that PepsiCo, Inc. will post 8.62 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a $1.48 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.2%. PepsiCo’s dividend payout ratio is currently 92.94%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PEP. Bank of America lowered their price target on PepsiCo from $173.00 to $164.00 and set a “neutral” rating on the stock in a report on Thursday. BNP Paribas Exane upped their price objective on shares of PepsiCo from $191.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of PepsiCo from $173.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Piper Sandler dropped their target price on shares of PepsiCo from $181.00 to $178.00 and set an “overweight” rating for the company in a research report on Friday, June 12th. Finally, Citigroup cut their price target on shares of PepsiCo from $182.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average target price of $166.85.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s brand and growth efforts are getting fresh visibility, including marketing around “modern soda,” dirty-soda products, and broader consumer engagement. These trends could support beverage demand and help the company defend share in a changing soft-drink market.
• Positive Sentiment: Analyst support remains constructive overall: Citigroup kept a Buy rating even after trimming its price target to $170, implying meaningful upside from current levels. That helps reassure investors that the stock still looks attractively valued despite recent weakness.
• Positive Sentiment: PepsiCo continues to stand out as a diversified dividend stock, with coverage highlighting its 54-year streak of dividend growth. For income-oriented investors, that long track record can provide support ahead of earnings. Article Title

About PepsiCo

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.