PepsiCo (NASDAQ:PEP) Releases FY 2026 Earnings Guidance

PepsiCo (NASDAQ:PEP) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 8.465-8.628 for the period, compared to the consensus EPS estimate of 8.620. The company issued revenue guidance of $95.8 billion-$97.7 billion, compared to the consensus revenue estimate of $98.3 billion.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $154.85 on Thursday. PepsiCo has a twelve month low of $127.60 and a twelve month high of $171.48. The firm has a fifty day simple moving average of $160.23 and a 200 day simple moving average of $151.41. The company has a market capitalization of $211.67 billion, a PE ratio of 25.81, a P/E/G ratio of 3.01 and a beta of 0.40. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 2.06.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. The business had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $18.89 billion. On average, sell-side analysts forecast that PepsiCo will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th were paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, March 6th. PepsiCo’s payout ratio is 94.83%.

PepsiCo announced that its board has authorized a stock repurchase plan on Tuesday, February 3rd that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 4.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. BNP Paribas Exane set a $191.00 price target on shares of PepsiCo in a research note on Wednesday, February 4th. HSBC lifted their price target on shares of PepsiCo from $152.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of PepsiCo from $176.00 to $169.00 and set a “buy” rating for the company in a research note on Monday, March 30th. Rothschild & Co Redburn boosted their target price on shares of PepsiCo from $120.00 to $130.00 and gave the stock a “sell” rating in a research report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $176.00 to $172.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $168.16.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Q1 beat on both profit and sales — PepsiCo reported $1.61 EPS (vs. ~$1.55 est.) and $19.44B revenue, outperforming estimates and showing demand pickup from recent price reductions. Press Release
• Positive Sentiment: Management said North American food volumes are improving and price cuts on key snack SKUs are driving higher demand — a key operational win for the turnaround story. CNBC: Earnings Beat
• Positive Sentiment: Top-line beat confirmed by Reuters coverage highlighting that price cuts revived U.S. snack demand while energy drinks and new soda varieties remained strong. Reuters: Revenue Beat
• Neutral Sentiment: Macro tailwinds: U.S. futures were lifted by easing geopolitical tensions, which supported broader risk appetite and helped shares tread higher in premarket commentary. Benzinga: Market Futures
• Neutral Sentiment: Marketing/product activity: Gatorade announced hydration-focused packaging and product moves that should support the beverage portfolio over time. PR Newswire: Gatorade Campaign
• Negative Sentiment: FY‑2026 guidance disappointed: PepsiCo set EPS guidance of 8.465–8.628 (vs. ~8.62 consensus) and revenue guidance of $95.8B–$97.7B, below the ~$98.3B Street view — investors worry about margin pressure from price cuts and slower top‑line trajectory.
• Negative Sentiment: Analyst / target downgrades and legal noise — Barclays trimmed its price target to $154 (equal weight), and the company settled an EEOC suit (legal/PR distraction). MarketScreener: Barclays PT Cut Bloomberg Law: EEOC Settlement

Institutional Trading of PepsiCo

Institutional investors and hedge funds have recently bought and sold shares of the company. Swiss RE Ltd. purchased a new stake in PepsiCo in the 4th quarter worth approximately $28,000. Imprint Wealth LLC purchased a new stake in shares of PepsiCo during the 3rd quarter valued at $31,000. Binnacle Investments Inc raised its position in PepsiCo by 33.2% in the 2nd quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock worth $38,000 after purchasing an additional 71 shares during the period. Strive Asset Management LLC purchased a new position in PepsiCo in the 3rd quarter worth $48,000. Finally, Wealth Watch Advisors INC purchased a new position in PepsiCo in the 3rd quarter worth $67,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

About PepsiCo

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.