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

Nadler Financial Group Inc. trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,286 shares of the company’s stock after selling 99 shares during the period. Nadler Financial Group Inc.’s holdings in PepsiCo were worth $698,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of PepsiCo in the first quarter worth $946,978,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of PepsiCo in the second quarter worth $460,110,000. Vanguard Group Inc. lifted its stake in shares of PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after buying an additional 1,802,748 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock worth $3,969,698,000 after buying an additional 1,258,198 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of PepsiCo by 14.3% in the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company’s stock worth $1,393,846,000 after buying an additional 1,165,745 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.8%

Shares of PEP stock opened at $148.89 on Tuesday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The stock has a market cap of $203.58 billion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 3.75 and a beta of 0.46. 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 firm has a fifty day moving average of $144.72 and a 200-day moving average of $139.18.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the prior year, the firm earned $2.31 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio is presently 108.17%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PEP shares. Cowen restated a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. 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 note on Friday. Morgan Stanley upped their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Bank of America upped their target price on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday. Finally, BNP Paribas Exane cut their target price on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Five research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and an average target price of $157.75.

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.