PepsiCo Stock Earnings Estimates Decreased by Zacks Research

PepsiCo, Inc. (NASDAQ:PEP) – Investment analysts at Zacks Research reduced their FY2026 earnings per share (EPS) estimates for shares of PepsiCo in a report released on Friday, October 16th. Zacks Research analyst Team now forecasts that the company will post earnings of $8.40 per share for the year, down from their prior forecast of $8.56. The consensus estimate for PepsiCo’s current full-year earnings is $8.41 per share. Zacks Research also issued estimates for PepsiCo’s Q4 2026 earnings at $2.25 EPS, Q1 2027 earnings at $1.62 EPS, Q2 2027 earnings at $2.25 EPS, Q3 2027 earnings at $2.40 EPS, Q4 2027 earnings at $2.33 EPS, FY2027 earnings at $8.61 EPS, Q1 2028 earnings at $1.71 EPS, Q2 2028 earnings at $2.40 EPS, Q3 2028 earnings at $2.58 EPS and FY2028 earnings at $9.20 EPS.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Wednesday, October 7th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.05. PepsiCo had a return on equity of 53.08% and a net margin of 11.09%. The business had revenue of $25.27 billion for the quarter, compared to the consensus estimate of $24.95 billion. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $2.29 EPS.

Several other research firms have also issued reports on PEP. Freedom Broker upgraded PepsiCo from a “hold” rating to a “strong-buy” rating in a research note on Saturday, October 10th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $138.00 to $137.00 and set a “neutral” rating on the stock in a research report on Friday, October 9th. Barclays reduced their price objective on shares of PepsiCo from $133.00 to $126.00 and set an “equal weight” rating for the company in a research note on Monday, October 12th. Bank of America decreased their target price on shares of PepsiCo from $173.00 to $164.00 and set a “neutral” rating for the company in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $132.00 target price on shares of PepsiCo in a research note on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $144.37.

PepsiCo Trading Up 0.3%

Shares of NASDAQ PEP opened at $134.02 on Monday. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.94 and a quick ratio of 0.76. The stock has a market capitalization of $182.63 billion, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 3.98 and a beta of 0.35. PepsiCo has a 1-year low of $123.47 and a 1-year high of $171.48. The business has a fifty day moving average price of $134.27 and a 200 day moving average price of $141.85.

Institutional Trading of PepsiCo

A number of institutional investors have recently bought and sold shares of PEP. BlackRock Inc. lifted its position in shares of PepsiCo by 2.1% during the second quarter. BlackRock Inc. now owns 118,281,854 shares of the company’s stock worth $16,015,363,000 after purchasing an additional 2,440,377 shares in the last quarter. State Street Corp boosted its stake in shares of PepsiCo by 1.7% in the second quarter. State Street Corp now owns 60,406,932 shares of the company’s stock valued at $8,179,099,000 after purchasing an additional 987,582 shares during the period. Bank of America Corp DE grew its holdings in PepsiCo by 0.6% during 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 purchasing an additional 133,325 shares in the last quarter. Amundi grew its holdings in PepsiCo by 16.8% during the 1st quarter. Amundi now owns 11,444,671 shares of the company’s stock valued at $1,777,243,000 after purchasing an additional 1,647,506 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in PepsiCo by 4.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,817,684 shares of the company’s stock worth $1,600,114,000 after buying an additional 549,336 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PepsiCo

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was 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 of the company’s stock, valued at approximately $10,441,080.50. This trade represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Pohlad purchased 184,646 shares of the company’s stock in a transaction dated Wednesday, October 14th. The shares were acquired at an average price of $128.28 per share, for a total transaction of $23,686,388.88. Following the purchase, the director directly owned 433,009 shares of the company’s stock, valued at approximately $55,546,394.52. The trade was a 74.35% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.12% of the company’s stock.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Quarterly performance and turnaround efforts: PepsiCo’s third-quarter earnings reportedly exceeded expectations, placing PEP-heavy exchange-traded funds in focus. The company is also pursuing cost reductions and revenue-growth initiatives, including efforts to revitalize its ready-to-drink tea business. Will PepsiCo’s Q3 Turnaround Boost These ETFs? RTD Tea Growth Strategies
• Positive Sentiment: Insider support: A PepsiCo director reportedly bought 184,646 shares in a trust-related transaction. While the trade may not reflect an open-market purchase, it could still be viewed as a sign of confidence in the company’s valuation. PepsiCo Director Buys Shares
• Neutral Sentiment: AI initiatives: PepsiCo executives are pushing back against pessimism about artificial intelligence and considering how productivity gains should benefit employees. The comments suggest potential long-term efficiency benefits, but provide no immediate earnings guidance. Executives Push Back on AI Doom
• Neutral Sentiment: Income appeal: PepsiCo’s roughly 4.2% yield remains attractive to income-oriented investors, although taxable dividend income may compare less favorably with tax-exempt municipal bonds for some retirees. PepsiCo Yield and Municipal Bonds
• Negative Sentiment: Plant closure and demand concerns: PepsiCo is closing its Knoxville, Tennessee, bottling facility, affecting 122 workers, amid a reported soda slump. The move may reduce costs over time but highlights softer demand and near-term restructuring disruption. PepsiCo Shutters Tennessee Bottling Plant
• Negative Sentiment: Lower outlook and competitive pressure: PepsiCo cut its fiscal 2026 core EPS-growth outlook to 2.5%–3.5% as input costs, softer U.S. performance and margin pressure weigh on results. The loss of KFC’s U.S. beverage contract to Coca-Cola beginning in 2027 adds another setback. Lowered Earnings Outlook

PepsiCo Company Profile

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.