Analysts’ Recent Ratings Changes for PepsiCo (PEP)

Several analysts have recently updated their ratings and price targets for PepsiCo (NASDAQ: PEP):

• 10/8/2026 – PepsiCo had its “buy” rating reaffirmed by The Goldman Sachs Group, Inc.. They now have a $165.00 price target on the stock.
• 10/8/2026 – PepsiCo had its “hold” rating reaffirmed by Jefferies Financial Group Inc..
• 10/6/2026 – PepsiCo had its price target lowered by Royal Bank Of Canada from $161.00 to $150.00. They now have a “sector perform” rating on the stock.
• 10/5/2026 – PepsiCo had its price target lowered by Wells Fargo & Company from $140.00 to $135.00. They now have an “equal weight” rating on the stock.
• 10/2/2026 – PepsiCo had its price target lowered by UBS Group AG from $159.00 to $145.00. They now have a “buy” rating on the stock.
• 9/30/2026 – PepsiCo had its price target lowered by Evercore Inc from $150.00 to $135.00.
• 9/30/2026 – PepsiCo had its price target lowered by Barclays PLC from $142.00 to $133.00. They now have an “equal weight” rating on the stock.
• 9/29/2026 – PepsiCo was given a new $138.00 price target by Jefferies Financial Group Inc..
• 9/29/2026 – PepsiCo was downgraded by JPMorgan Chase & Co. from “overweight” to “neutral”. They now have a $138.00 price target on the stock, down from $170.00.
• 9/28/2026 – PepsiCo had its price target lowered by TD Cowen from $145.00 to $133.00. They now have a “hold” rating on the stock.
• 9/28/2026 – PepsiCo had its “hold” rating reaffirmed by Deutsche Bank Aktiengesellschaft. They now have a $138.00 price target on the stock, down from $155.00.
• 9/28/2026 – PepsiCo was downgraded by Deutsche Bank Aktiengesellschaft from “buy” to “hold”. They now have a $138.00 price target on the stock, down from $155.00.
• 9/24/2026 – PepsiCo was downgraded by Weiss Ratings from “hold (c)” to “hold (c-)”.
• 9/24/2026 – PepsiCo had its price target lowered by Citigroup Inc. from $145.00 to $142.00. They now have a “neutral” rating on the stock.
• 9/23/2026 – PepsiCo had its price target lowered by BNP Paribas Exane from $183.00 to $161.00. They now have an “outperform” rating on the stock.
• 8/28/2026 – PepsiCo had its “hold” rating reaffirmed by TD Cowen.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th were given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Friday, September 4th. PepsiCo’s dividend payout ratio is currently 77.59%.

Insider Transactions at PepsiCo

In other news, EVP David Flavell sold 2,900 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $139.54, for a total value of $404,666.00. Following the sale, the executive vice president directly owned 74,825 shares of the company’s stock, valued at approximately $10,441,080.50. This represents a 3.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.12% of the company’s stock.

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.