PepsiCo (PEP) – Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of PepsiCo (NASDAQ: PEP) in the last few weeks:

• 10/12/2026 – PepsiCo had its price target lowered by Barclays from $133.00 to $126.00. They now have an “equal weight” rating on the stock.
• 10/10/2026 – PepsiCo was upgraded by Freedom Broker from “hold” to “strong-buy”.
• 10/9/2026 – PepsiCo was given a new $145.00 price target by Morgan Stanley.
• 10/9/2026 – PepsiCo had its “market perform” rating reaffirmed by Sanford C. Bernstein.
• 10/9/2026 – PepsiCo had its “hold” rating reaffirmed by Deutsche Bank Aktiengesellschaft. They now have a $132.00 price target on the stock.
• 10/9/2026 – PepsiCo had its price target lowered by Piper Sandler from $176.00 to $140.00. They now have an “overweight” rating on the stock.
• 10/9/2026 – PepsiCo had its “buy” rating reaffirmed by Citigroup.
• 10/9/2026 – PepsiCo had its price target lowered by Citigroup from $142.00 to $135.00. They now have a “neutral” rating on the stock.
• 10/9/2026 – PepsiCo had its price target lowered by JPMorgan Chase & Co. from $138.00 to $137.00. They now have a “neutral” rating on the stock.
• 10/9/2026 – PepsiCo had its price target lowered by BNP Paribas Exane from $161.00 to $157.00. They now have an “outperform” rating on the stock.
• 10/8/2026 – PepsiCo had its “buy” rating reaffirmed by The Goldman Sachs Group. They now have a $165.00 price target on the stock.
• 10/8/2026 – PepsiCo had its “hold” rating reaffirmed by Jefferies Financial Group.
• 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 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 from $150.00 to $135.00.
• 9/30/2026 – PepsiCo had its price target lowered by Barclays 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.
• 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 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.

Insider Activity

In related news, CEO Ramon Laguarta sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $135.13, for a total value of $4,053,900.00. Following the transaction, the chief executive officer directly owned 491,645 shares of the company’s stock, valued at approximately $66,435,988.85. The trade was a 5.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert C. Pohlad purchased 184,646 shares of the company’s stock in a transaction on Wednesday, October 14th. The stock was acquired at an average price of $128.28 per share, with a total value of $23,686,388.88. Following the completion of the purchase, the director directly owned 433,009 shares in the company, valued at $55,546,394.52. This trade represents a 74.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.12% of the company’s stock.

PepsiCo, Inc (NASDAQ:PEP) is a global food and beverage company whose portfolio includes Pepsi-Cola, Mountain Dew, Gatorade, Lay’s, Doritos, Cheetos, Quaker, Tostitos, Fritos, and SodaStream. Its products span carbonated soft drinks, sports and energy beverages, bottled water, juices, convenient foods, snacks, and other packaged food offerings.

The company sells products through retail stores, restaurants, food-service providers, e-commerce platforms, and other distribution channels. PepsiCo serves consumers in North America and international markets across Latin America, Europe, Africa, the Middle East, and Asia-Pacific.