PepsiCo, Inc. (NASDAQ:PEP) Position Lowered by Apollon Wealth Management LLC

Apollon Wealth Management LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,259 shares of the company's stock after selling 5,616 shares during the period. Apollon Wealth Management LLC's holdings in PepsiCo were worth $20,431,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WealthTrak Capital Management LLC acquired a new position in PepsiCo in the fourth quarter valued at about $28,000. Elite Financial Inc. acquired a new position in shares of PepsiCo in the 1st quarter worth approximately $28,000. Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo during the 4th quarter worth approximately $30,000. Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the fourth quarter valued at approximately $31,000. Finally, Summit Securities Group LLC acquired a new position in PepsiCo during the fourth quarter worth $33,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Up 0.2%

PEP stock traded up $0.31 during midday trading on Monday, hitting $135.57. The stock had a trading volume of 8,477,672 shares, compared to its average volume of 8,400,400. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91. The firm has a market cap of $185.88 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 4.23 and a beta of 0.45. The company's 50-day moving average price is $131.49 and its 200 day moving average price is $141.50. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter last year, the firm earned $1.61 EPS. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a dividend of $1.4225 per share. The ex-dividend date was Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.20%. PepsiCo's payout ratio is currently 83.68%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PEP shares. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. UBS Group decreased their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Citigroup dropped their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Evercore ISI set a $140.00 price objective on PepsiCo in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $158.19.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.