Nadler Financial Group Inc. Has $1.10 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Nadler Financial Group Inc. decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,465 shares of the company’s stock after selling 171 shares during the quarter. Nadler Financial Group Inc.’s holdings in PepsiCo were worth $1,099,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Global Wealth Strategies & Associates lifted its holdings in shares of PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after buying an additional 59 shares in the last quarter. Highline Wealth Partners LLC bought a new position in PepsiCo during the third quarter worth about $28,000. POM Investment Strategies LLC boosted its holdings in PepsiCo by 141.3% in the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after purchasing an additional 106 shares during the period. Summit Securities Group LLC acquired a new position in shares of PepsiCo during the 2nd quarter worth approximately $30,000. Finally, Mattson Financial Services LLC bought a new position in shares of PepsiCo during the second quarter worth approximately $34,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.2 %

Shares of PEP traded down $0.37 during trading hours on Friday, hitting $165.71. The stock had a trading volume of 337,048 shares, compared to its average volume of 5,439,981. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41. The firm has a market capitalization of $227.35 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 3.10 and a beta of 0.53. The firm has a 50 day simple moving average of $173.24 and a 200-day simple moving average of $172.20. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. During the same quarter in the previous year, the business posted $2.25 EPS. PepsiCo’s quarterly revenue was down .6% on a year-over-year basis. Sell-side analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target on the stock. in a research report on Friday, September 20th. TD Cowen cut PepsiCo from a “buy” rating to a “hold” rating and decreased their price target for the stock from $190.00 to $183.00 in a research report on Thursday, October 10th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Barclays decreased their target price on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Finally, Jefferies Financial Group cut their price target on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $183.92.

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.