PepsiCo (NASDAQ:PEP) Releases FY 2026 Earnings Guidance

PepsiCo (NASDAQ:PEP) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 8.550-8.710 for the period, compared to the consensus earnings per share estimate of 8.550. The company issued revenue guidance of $97.7 billion-$99.6 billion, compared to the consensus revenue estimate of $97.1 billion.

PepsiCo Price Performance

PEP stock opened at $155.20 on Tuesday. The company has a market capitalization of $212.21 billion, a PE ratio of 29.51, a P/E/G ratio of 5.05 and a beta of 0.40. The stock’s 50 day moving average is $146.13 and its two-hundred day moving average is $145.67. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. PepsiCo has a 52-week low of $127.60 and a 52-week high of $160.15.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.02. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business had revenue of $29.34 billion for the quarter, compared to the consensus estimate of $28.96 billion. During the same quarter last year, the business posted $1.96 EPS. The business’s revenue was up 5.6% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Analysts predict that PepsiCo will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th were given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, December 5th. PepsiCo’s payout ratio is presently 108.17%.

Analyst Ratings Changes

PEP has been the subject of several research reports. Barclays set a $148.00 price objective on shares of PepsiCo in a research report on Friday, January 16th. Wells Fargo & Company increased their price objective on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research report on Friday, October 10th. BNP Paribas Exane raised PepsiCo from a “hold” rating to an “outperform” rating and set a $179.00 target price for the company in a research note on Friday, January 16th. Rothschild & Co Redburn upped their price target on PepsiCo from $117.00 to $120.00 and gave the company a “sell” rating in a research note on Monday, December 15th. Finally, Citigroup lifted their price objective on PepsiCo from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $159.29.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Q4 results beat expectations — PepsiCo reported $2.26 EPS (vs. $2.24 est.) and revenue of $29.34B (vs. ~$28.96B est.), driven by pricing and productivity that offset softer volumes; management reiterated its FY2026 outlook. Press Release
• Positive Sentiment: Capital return boost — PepsiCo raised its dividend and authorized up to $10 billion in share buybacks, supporting EPS per-share prospects and returning cash to shareholders. RTT News: Dividend & Buyback
• Positive Sentiment: Product/market pockets showing resilience — international soda demand and U.S. low‑sugar beverages were cited as growth drivers, helping revenue outperformance. Reuters: Resilient Sodas
• Neutral Sentiment: Revenue gains were largely price-driven — management said price increases and productivity offset falling demand for snacks and drinks, a positive near-term margin lever but a warning sign on volume momentum. Yahoo Finance: Price Hikes Offset Demand
• Neutral Sentiment: Analyst and market positioning ahead of the print fueled volatility — several previews and analyst note updates raised expectations into the release, increasing sensitivity to forward guidance and margin signals. Benzinga: Analyst Forecasts
• Negative Sentiment: Price-cut announcement for snacks — WSJ reports PepsiCo will cut prices on Doritos and other snacks to deliver “more value,” a strategic move to regain volume that could pressure margins if sustained. WSJ: Price Cuts for Snacks

Institutional Investors Weigh In On PepsiCo

Several institutional investors and hedge funds have recently added to or reduced their stakes in PEP. Brighton Jones LLC raised its stake in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Caxton Associates LLP purchased a new position in PepsiCo during the 1st quarter worth $251,000. Sivia Capital Partners LLC lifted its stake in PepsiCo by 138.5% in the second quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock worth $862,000 after acquiring an additional 3,790 shares during the period. Schnieders Capital Management LLC. lifted its position in shares of PepsiCo by 10.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock worth $5,039,000 after purchasing an additional 3,502 shares during the period. Finally, Sei Investments Co. boosted its position in PepsiCo by 45.5% during the 2nd quarter. Sei Investments Co. now owns 536,133 shares of the company’s stock valued at $70,789,000 after acquiring an additional 167,707 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.