Custom Index Systems LLC Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Custom Index Systems LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,383 shares of the company’s stock after acquiring an additional 148 shares during the period. Custom Index Systems LLC’s holdings in PepsiCo were worth $514,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth $1,222,000. Austin Private Wealth LLC raised its holdings in PepsiCo by 19.1% during the fourth quarter. Austin Private Wealth LLC now owns 4,768 shares of the company’s stock worth $725,000 after purchasing an additional 765 shares in the last quarter. GFS Advisors LLC lifted its position in PepsiCo by 0.9% in the fourth quarter. GFS Advisors LLC now owns 72,895 shares of the company’s stock valued at $11,084,000 after purchasing an additional 625 shares during the period. Country Trust Bank increased its position in PepsiCo by 3.8% during the 4th quarter. Country Trust Bank now owns 136,432 shares of the company’s stock worth $20,746,000 after purchasing an additional 5,004 shares during the period. Finally, Keudell Morrison Wealth Management raised its stake in shares of PepsiCo by 18.3% during the 4th quarter. Keudell Morrison Wealth Management now owns 4,596 shares of the company’s stock worth $699,000 after buying an additional 712 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $150.69 on Friday. The company has a 50-day simple moving average of $153.35 and a 200-day simple moving average of $164.97. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The company has a market cap of $206.75 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 2.91 and a beta of 0.54. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.60%. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PEP. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. TD Cowen lowered their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, UBS Group lowered their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $176.73.

PepsiCo Company 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.