Nadler Financial Group Inc. Sells 99 Shares of PepsiCo, Inc. $PEP

Nadler Financial Group Inc. lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,286 shares of the company’s stock after selling 99 shares during the quarter. Nadler Financial Group Inc.’s holdings in PepsiCo were worth $698,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. JSF Financial LLC grew its holdings in PepsiCo by 3.8% during the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after acquiring an additional 69 shares during the last quarter. Dogwood Wealth Management LLC lifted its position in PepsiCo by 15.4% during the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock valued at $73,000 after purchasing an additional 72 shares during the period. Joel Isaacson & Co. LLC lifted its position in PepsiCo by 0.5% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock valued at $2,180,000 after purchasing an additional 74 shares during the period. Bull Street Advisors LLC lifted its position in PepsiCo by 0.4% during the 2nd quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock valued at $2,628,000 after purchasing an additional 74 shares during the period. Finally, Centurion Wealth Management LLC lifted its position in PepsiCo by 3.8% during the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock valued at $273,000 after purchasing an additional 75 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. BNP Paribas Exane cut their target price on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Barclays upped their target price on shares of PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday. Cowen restated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada cut their price target on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Finally, HSBC increased their price target on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average price target of $157.75.

PepsiCo Stock Performance

Shares of PEP stock opened at $148.89 on Tuesday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The company has a market capitalization of $203.58 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 3.75 and a beta of 0.46. The company’s 50 day moving average price is $144.72 and its two-hundred day moving average price is $139.18. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for 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 57.58%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

About PepsiCo

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.