Apollon Wealth Management LLC Sells 8,563 Shares of PepsiCo, Inc. $PEP

Apollon Wealth Management LLC cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,070 shares of the company’s stock after selling 8,563 shares during the quarter. Apollon Wealth Management LLC’s holdings in PepsiCo were worth $16,945,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Three Bridge Wealth Advisors LLC increased its stake in shares of PepsiCo by 1.8% during the third quarter. Three Bridge Wealth Advisors LLC now owns 3,870 shares of the company’s stock worth $544,000 after purchasing an additional 68 shares during the period. Facet Wealth Inc. grew its position in PepsiCo by 3.2% during the third quarter. Facet Wealth Inc. now owns 2,221 shares of the company’s stock worth $312,000 after buying an additional 69 shares in the last quarter. Hudock Inc. grew its position in PepsiCo by 1.0% during the third quarter. Hudock Inc. now owns 7,079 shares of the company’s stock worth $994,000 after buying an additional 70 shares in the last quarter. Delta Asset Management LLC TN grew its position in PepsiCo by 0.6% during the third quarter. Delta Asset Management LLC TN now owns 11,000 shares of the company’s stock worth $1,545,000 after buying an additional 70 shares in the last quarter. Finally, Westside Investment Management Inc. grew its position in PepsiCo by 2.8% during the third quarter. Westside Investment Management Inc. now owns 2,602 shares of the company’s stock worth $366,000 after buying an additional 70 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $157.06 on Friday. The firm has a market capitalization of $214.69 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.04 and a beta of 0.40. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.67. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $171.48. The business has a 50-day simple moving average of $160.58 and a 200 day simple moving average of $151.04.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Monday, February 2nd. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. The business had revenue of $29.34 billion during the quarter, compared to the consensus estimate of $28.96 billion. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.96 EPS. On average, research 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 stock repurchase plan on Tuesday, February 3rd that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 4.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

PepsiCo Dividend Announcement

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

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Analyst coverage highlighting likely earnings growth and a potential beat supports expectations for revenue/earnings resilience ahead of the print. PepsiCo (PEP) Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Marketing and product activity (new campaign for Cheetos with high‑profile partners) can help brand momentum and volume recovery in snacks/beverages. Campaign Trail: Cheetos soundtracks a heist with Megan Thee Stallion, Nickelback
• Positive Sentiment: New product rollout (Dirty Mountain Dew national push) and related beverage innovations may offset some snack weakness if consumer uptake is strong. PepsiCo Balances Dirty Mountain Dew Launch With Snack Pricing And ESG Risks
• Neutral Sentiment: UBS and other brokers expect Q1 results to be largely in‑line, noting modest organic revenue progress but continued focus on North America trends; that tempers both upside and downside near term. PepsiCo expected to report in-line Q1 results amid North America recovery
• Neutral Sentiment: Short‑interest report shows no meaningful short position (data anomaly/zeroes), so short covering is unlikely to be a driver. (No actionable signal.)
• Negative Sentiment: RBC trimmed its price target from $165 to $163 and kept a “sector perform” rating — a modestly bearish signal that may weigh on sentiment relative to peers. RBC trims price target on PepsiCo to $163 from $165, keeps sector perform rating
• Negative Sentiment: Multiple reports that prior snack price hikes led to lost sales and shelf‑space losses have forced PepsiCo to cut snack prices, which could boost volumes but hurt near‑term margins and investor sentiment. PepsiCo Balances Dirty Mountain Dew Launch With Snack Pricing And ESG Risks
• Negative Sentiment: Some outlets and an analyst note flagged a pessimistic medium‑term view on PEP’s share performance, adding to near‑term caution ahead of results. UBS Group Issues Pessimistic Forecast for PepsiCo (NASDAQ:PEP) Stock Price

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada reduced their price target on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a research report on Thursday. UBS Group reduced their target price on PepsiCo from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Tuesday. Barclays raised their target price on PepsiCo from $148.00 to $160.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Citigroup raised their target price on PepsiCo from $170.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Finally, Wells Fargo & Company raised their price objective on PepsiCo from $154.00 to $165.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $168.47.

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.