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

Custom Index Systems LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 20.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,235 shares of the company’s stock after selling 837 shares during the quarter. Custom Index Systems LLC’s holdings in PepsiCo were worth $550,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Conscious Wealth Investments LLC increased its holdings in shares of PepsiCo by 2.9% during the third quarter. Conscious Wealth Investments LLC now owns 14,269 shares of the company’s stock valued at $2,468,000 after acquiring an additional 401 shares in the last quarter. Sterling Investment Advisors Ltd. increased its stake in PepsiCo by 1.5% during the 3rd quarter. Sterling Investment Advisors Ltd. now owns 13,617 shares of the company’s stock valued at $2,316,000 after purchasing an additional 207 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of PepsiCo by 18.1% during the third quarter. J.W. Cole Advisors Inc. now owns 24,071 shares of the company’s stock worth $4,093,000 after buying an additional 3,688 shares during the period. Ellis Investment Partners LLC grew its holdings in shares of PepsiCo by 1.1% during the third quarter. Ellis Investment Partners LLC now owns 6,412 shares of the company’s stock valued at $1,090,000 after buying an additional 69 shares during the last quarter. Finally, Carret Asset Management LLC increased its position in shares of PepsiCo by 1.4% in the 3rd quarter. Carret Asset Management LLC now owns 65,207 shares of the company’s stock valued at $11,089,000 after acquiring an additional 888 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

PEP stock traded down $0.37 during trading on Friday, hitting $171.79. The stock had a trading volume of 4,442,863 shares, compared to its average volume of 5,469,759. The company’s 50-day moving average price is $173.86 and its two-hundred day moving average price is $172.26. PepsiCo, Inc. has a twelve month low of $158.03 and a twelve month high of $183.41. The stock has a market capitalization of $236.17 billion, a P/E ratio of 24.93, a PEG ratio of 3.25 and a beta of 0.53. 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 issued its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.30 by $0.01. The firm had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 earnings per share. As a group, research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on PEP shares. Wells Fargo & Company dropped their price target on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Finally, Bank of America lowered their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.