Evercore Cuts PepsiCo (NASDAQ:PEP) Price Target to $135.00

PepsiCo (NASDAQ:PEP) had its target price lowered by Evercore from $150.00 to $135.00 in a research note released on Wednesday morning, MarketBeat Ratings reports.

PEP has been the subject of several other reports. TD Cowen dropped their price objective on PepsiCo from $145.00 to $133.00 and set a “hold” rating for the company in a research note on Monday. Citigroup reduced their target price on shares of PepsiCo from $145.00 to $142.00 and set a “neutral” rating on the stock in a research note on Thursday, September 24th. Morgan Stanley lowered their target price on shares of PepsiCo from $180.00 to $160.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Piper Sandler set a $176.00 price target on shares of PepsiCo in a report on Thursday, July 9th. Finally, Wells Fargo & Company reduced their price target on shares of PepsiCo from $150.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Five investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $151.00.

PepsiCo Stock Up 0.2%

Shares of PEP opened at $125.89 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. The company has a 50-day moving average price of $137.01 and a two-hundred day moving average price of $144.04. The stock has a market cap of $171.83 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 2.85 and a beta of 0.35. PepsiCo has a 12 month low of $125.16 and a 12 month high of $171.48.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.01. The company had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities analysts predict that PepsiCo will post 8.56 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 4th were given a dividend of $1.48 per share. The ex-dividend date was Friday, September 4th. This represents a $5.92 annualized dividend and a yield of 4.7%. PepsiCo’s dividend payout ratio is 77.59%.

Insider Buying and Selling

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the firm’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 sale, the executive vice president owned 74,825 shares in the company, valued at approximately $10,441,080.50. This trade represents a 3.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PepsiCo

Large investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of PepsiCo by 2.1% in the second quarter. BlackRock Inc. now owns 118,281,854 shares of the company’s stock valued at $16,015,363,000 after purchasing an additional 2,440,377 shares in the last quarter. State Street Corp lifted its holdings in PepsiCo by 1.7% during the 2nd quarter. State Street Corp now owns 60,406,932 shares of the company’s stock worth $8,179,099,000 after buying an additional 987,582 shares in the last quarter. Auto Owners Insurance Co lifted its holdings in PepsiCo by 14,857.8% during the 4th quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company’s stock worth $7,068,777,000 after buying an additional 48,923,629 shares in the last quarter. Bank of America Corp DE boosted its position in PepsiCo by 0.6% in the 1st quarter. Bank of America Corp DE now owns 21,283,701 shares of the company’s stock valued at $3,305,146,000 after buying an additional 133,325 shares during the last quarter. Finally, Amundi increased its stake in shares of PepsiCo by 16.8% in the 1st quarter. Amundi now owns 11,444,671 shares of the company’s stock valued at $1,777,243,000 after buying an additional 1,647,506 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: UBS maintained its Buy rating, arguing that PepsiCo’s slow North American recovery is already reflected in the valuation and creates an attractive medium-term risk/reward opportunity. PepsiCo recovery lags, but valuation remains attractive to UBS
• Positive Sentiment: PepsiCo may raise prices on Lay’s, Doritos and other products by year-end after reducing prices earlier this year. Price increases could help offset inflation and support revenue, although their effect on demand will be closely watched. PepsiCo raising chip and soda prices after February cuts
• Positive Sentiment: PepsiCo’s shares are viewed as relatively inexpensive after their year-to-date decline, and the company’s diversified portfolio—with food representing roughly 58% of 2025 revenue—could offer defensive appeal. PepsiCo Stock Looks Cheaper but Growth Remains the Catch
• Neutral Sentiment: PepsiCo and Monster Beverage are challenging India’s ban on using the “energy drink” label for high-caffeine products. A successful appeal could protect marketing and sales, but the lawsuit adds regulatory uncertainty in a growing market. PepsiCo, Monster challenge India energy drink label ban
• Negative Sentiment: UBS expects third-quarter EPS of $2.28, below the $2.30 consensus, while other previews warn that operational improvements may not be sufficient to reassure investors. Persistent North American weakness remains the main overhang. PepsiCo Reports Q3 Earnings Next Week
• Negative Sentiment: JPMorgan downgraded PepsiCo to Neutral and lowered expectations, reinforcing concerns about soft U.S. consumer demand and a recovery that may take longer than expected. JPMorgan downgrades PepsiCo to Neutral

About PepsiCo

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.