Apollon Wealth Management LLC Has $16.92 Million Stock Position in PepsiCo, Inc. $PEP

Key Points

• Apollon Wealth Management LLC reduced its stake in PepsiCo by 6.0%, selling 8,147 shares and leaving them with a total of 128,112 shares worth approximately $16.92 million as of their latest SEC filing.
• PepsiCo reported earnings of $2.29 per share, exceeding analysts' expectations of $2.26, with revenues totaling $23.94 billion for the most recent quarter.
• The company announced a quarterly dividend of $1.4225 per share, which translates to an annual yield of 3.8% and a dividend payout ratio of 103.64%.

Apollon Wealth Management LLC cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,112 shares of the company's stock after selling 8,147 shares during the period. Apollon Wealth Management LLC's holdings in PepsiCo were worth $16,916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Claris Advisors LLC MO grew its stake in PepsiCo by 14.1% in the second quarter. Claris Advisors LLC MO now owns 2,490 shares of the company's stock valued at $329,000 after acquiring an additional 308 shares during the period. Foster Group Inc. increased its holdings in PepsiCo by 4.6% during the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company's stock worth $683,000 after purchasing an additional 229 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after purchasing an additional 21,859 shares during the period. Ignite Planners LLC lifted its holdings in shares of PepsiCo by 4.2% in the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after purchasing an additional 151 shares in the last quarter. Finally, Merit Financial Group LLC boosted its position in shares of PepsiCo by 46.4% during the second quarter. Merit Financial Group LLC now owns 114,344 shares of the company's stock worth $15,098,000 after buying an additional 36,239 shares during the period. Institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 3.7%

PEP stock opened at $150.08 on Friday. The company has a market capitalization of $205.47 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.62 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The company's 50-day simple moving average is $144.53 and its 200 day simple moving average is $139.32. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 58.46%. The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Analyst Ratings Changes

A number of research firms recently issued reports on PEP. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a report on Monday, October 6th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of PepsiCo in a research note on Saturday, September 27th. Evercore ISI lifted their price objective on shares of PepsiCo from $150.00 to $152.00 in a report on Friday. Piper Sandler raised their target price on shares of PepsiCo from $160.00 to $162.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Barclays boosted their price target on shares of PepsiCo from $140.00 to $142.00 and gave the stock an "equal weight" rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and an average price target of $158.25.

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.

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