The Goldman Sachs Group Raises PepsiCo (NASDAQ:PEP) Price Target to $183.00

PepsiCo (NASDAQ:PEP) had its price objective lifted by The Goldman Sachs Group from $180.00 to $183.00 in a report issued on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 15.70% from the stock’s current price.

PEP has been the topic of several other reports. Argus upgraded shares of PepsiCo to a “hold” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada decreased their price objective on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft upped their price objective on PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a research note on Friday. HSBC raised their target price on PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $170.05.

PepsiCo Stock Performance

NASDAQ:PEP opened at $158.16 on Friday. The firm’s 50-day moving average is $160.05 and its 200-day moving average is $151.46. The company has a market cap of $216.20 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 2.99 and a beta of 0.40. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.67 and a current ratio of 0.85. PepsiCo has a 52-week low of $127.60 and a 52-week high of $171.48.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, April 16th. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $18.89 billion. During the same quarter last year, the company earned $1.48 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. Equities research analysts anticipate that PepsiCo will post 8.3 earnings per share for the current year.

PepsiCo declared that its Board of Directors has initiated a share repurchase plan on Tuesday, February 3rd that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 4.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On PepsiCo

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of PepsiCo during the 4th quarter worth about $26,000. JCIC Asset Management Inc. acquired a new stake in shares of PepsiCo in the 3rd quarter valued at approximately $27,000. Swiss RE Ltd. bought a new position in PepsiCo during the 4th quarter worth approximately $28,000. MH & Associates Securities Management Corp ADV bought a new stake in PepsiCo in the fourth quarter valued at approximately $29,000. Finally, Imprint Wealth LLC acquired a new stake in PepsiCo in the third quarter worth $31,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Q1 beat — PepsiCo reported $1.61 EPS and $19.44B revenue, topping Street estimates and showing broad-based sales growth that signals the turnaround may be working. PepsiCo Q1 2026 Earnings Call Transcript
• Positive Sentiment: Price cuts drove demand — Discounts (up to ~15%) on Lay’s, Doritos and value brands helped North America foods volumes return to growth and materially lifted revenue. This validates management’s tactical pricing move to regain shoppers. Food companies are finally cutting prices. PepsiCo shows it’s worth it
• Positive Sentiment: Product & international momentum — Management highlighted new product initiatives (Gatorade revamp, new snack/DRINK SKUs) and continued strength in international markets and energy/prebiotic beverages, supporting upside beyond pricing actions. PepsiCo Q1 2026 Earnings Call Highlights
• Neutral Sentiment: Guidance reaffirmed but with nuance — PepsiCo reiterated FY26 EPS guidance (~8.465–8.628) while revenue guidance sits a bit below some consensus reads; that keeps the outlook intact but gives investors a mixed signal on near-term top-line ambition. Earnings Snapshot: PepsiCo tops Q1 estimates; reaffirms FY26 outlook
• Positive Sentiment: Market reaction & income appeal — Shares rallied after the print and dividend-focused publications note PepsiCo’s yield and “Dividend King” status look attractive after the pullback, drawing income-oriented buyers. Pepsi says price cuts and wellness push are bringing back customers — and the stock surges
• Negative Sentiment: Margin and sustainability risks — While price cuts are boosting volume and top line, they potentially compress margins if input costs or inflation re-accelerate; management warned inflationary pressures remain a risk. Despite Iran War’s Effects, PepsiCo Says Consumers Still Spending on Snacks
• Negative Sentiment: Corporate/legal noise — A recent EEOC settlement and activist-driven pressure mean ongoing execution scrutiny; not material to fundamentals today but worth monitoring for governance and cost impacts. PepsiCo Settles EEOC Lawsuit

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.