PepsiCo (NASDAQ:PEP) Given New $135.00 Price Target at Citigroup

PepsiCo (NASDAQ:PEP) had its target price reduced by Citigroup from $142.00 to $135.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential upside of 7.17% from the stock’s previous close.

A number of other brokerages have also issued reports on PEP. Royal Bank Of Canada cut their price target on shares of PepsiCo from $161.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Evercore cut their target price on PepsiCo from $150.00 to $135.00 in a research report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $132.00 price target on shares of PepsiCo in a research report on Friday. Piper Sandler decreased their target price on PepsiCo from $176.00 to $140.00 and set an “overweight” rating for the company in a report on Friday. Finally, Wells Fargo & Company reduced their price target on shares of PepsiCo from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday. Five research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $145.85.

PepsiCo Stock Down 1.8%

PEP stock traded down $2.37 on Friday, hitting $125.97. 9,844,786 shares of the company’s stock were exchanged, compared to its average volume of 8,079,681. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93. The stock has a market cap of $171.94 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 2.81 and a beta of 0.35. The firm has a 50 day moving average price of $135.75 and a two-hundred day moving average price of $143.17. PepsiCo has a 12-month low of $123.47 and a 12-month high of $171.48.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, October 8th. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.05. The business had revenue of $25.27 billion for the quarter, compared to analyst estimates of $24.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.29 earnings per share. PepsiCo has set its FY 2026 guidance at 8.344-8.425 EPS. As a group, equities research analysts expect that PepsiCo will post 8.56 EPS for the current fiscal year.

Insider Transactions at PepsiCo

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $139.54, for a total value of $404,666.00. Following the completion of the transaction, the executive vice president owned 74,825 shares in the company, valued at approximately $10,441,080.50. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.12% of the company’s stock.

Institutional Trading of PepsiCo

Institutional investors have recently bought and sold shares of the business. Core Capital Management & Research inc. acquired a new position in shares of PepsiCo during the second quarter worth $932,000. First Nebraska Trust Co purchased a new position in shares of PepsiCo during the 1st quarter valued at approximately $10,782,000. The Manufacturers Life Insurance Company increased its stake in shares of PepsiCo by 19.0% in the second quarter. The Manufacturers Life Insurance Company now owns 1,110,852 shares of the company’s stock worth $150,409,000 after buying an additional 177,468 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in PepsiCo by 4.8% in the first quarter. IFM Investors Pty Ltd now owns 273,135 shares of the company’s stock valued at $42,415,000 after acquiring an additional 12,472 shares in the last quarter. Finally, State Street Corp boosted its stake in PepsiCo by 1.7% during the 2nd quarter. State Street Corp now owns 60,406,932 shares of the company’s stock valued at $8,179,099,000 after acquiring an additional 987,582 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo exceeded third-quarter expectations, reporting adjusted EPS of $2.34 versus a $2.29 consensus and revenue of $25.27 billion, up 5.6% year over year. International growth, pricing and healthier snack products helped offset domestic weakness. PepsiCo beats third-quarter expectations but cuts profit outlook
• Positive Sentiment: The company plans additional cost reductions and investments to support its North American turnaround. It also completed a $746.24 million repurchase of 5 million shares, providing support through capital returns. Is PepsiCo a Bargain Following Its Buyback?
• Positive Sentiment: UBS said the valuation discount appears excessive relative to PepsiCo’s recovery potential, while maintaining an attractive risk-reward view. BNP Paribas Exane retained an “outperform” rating despite lowering its price target to $157. UBS says Pepsi offers attractive risk-reward
• Neutral Sentiment: PepsiCo is raising prices on Doritos, Ruffles, SunChips and some beverages by single-digit percentages. The move may help offset inflation and input costs, but could further pressure volumes as consumers seek cheaper options. PepsiCo raising prices on snacks and sodas
• Negative Sentiment: PepsiCo reduced its 2026 earnings outlook to $8.344–$8.425 per share, below the roughly $8.55 analyst consensus, citing higher costs and persistent North American weakness. Management also warned that North American margins may remain pressured into the fourth quarter. North America weakness drives guidance cut
• Negative Sentiment: U.S. soda volumes declined, and analysts warn PepsiCo is losing beverage momentum and potentially market share to Coca-Cola. The slower turnaround, changing consumer preferences and higher prices are raising concerns about volume recovery and 2027 growth. Pepsi soda sales decline amid consumer shift

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ:PEP) is a global food and beverage company that develops, manufactures, markets and distributes a broad portfolio of snacks, drinks and convenient foods. Its beverage brands include Pepsi, Mountain Dew, Gatorade, 7UP in select markets, and bubly, while its food and snack brands include Lay’s, Doritos, Cheetos, Tostitos, Fritos, Quaker and Ruffles.

The company’s operations include beverage production and distribution, snack foods, convenient meals and nutrition-oriented products.