PepsiCo (NASDAQ:PEP) Given New $140.00 Price Target at Wells Fargo & Company

PepsiCo (NASDAQ:PEP) had its price target reduced by research analysts at Wells Fargo & Company from $150.00 to $140.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 1.55% from the company’s current price.

A number of other equities research analysts also recently weighed in on PEP. Bank of America dropped their target price on PepsiCo from $173.00 to $164.00 and set a “neutral” rating for the company in a report on Thursday, June 25th. TD Cowen decreased their price target on shares of PepsiCo from $165.00 to $150.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Royal Bank Of Canada dropped their price objective on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating for the company in a research note on Thursday, April 9th. The Goldman Sachs Group boosted their price objective on shares of PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a report on Friday, April 17th. Finally, Rothschild & Co Redburn increased their target price on shares of PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $160.50.

PepsiCo Price Performance

PepsiCo stock opened at $137.86 on Friday. The company has a market capitalization of $188.42 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.87 and a beta of 0.36. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. PepsiCo has a 12 month low of $133.63 and a 12 month high of $171.48. The stock’s 50 day moving average is $145.78 and its 200-day moving average is $151.56.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.01. The business had revenue of $24.18 billion during the quarter, compared to analysts’ expectations of $23.95 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities research analysts expect that PepsiCo will post 8.62 EPS for the current year.

Hedge Funds Weigh In On PepsiCo

Several hedge funds and other institutional investors have recently made changes to their positions in PEP. Brighton Jones LLC lifted its stake in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Caxton Associates LLP bought a new position in shares of PepsiCo in the 1st quarter valued at $251,000. Sivia Capital Partners LLC raised its holdings in shares of PepsiCo by 138.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock worth $862,000 after buying an additional 3,790 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in shares of PepsiCo by 10.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock worth $5,039,000 after buying an additional 3,502 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in PepsiCo by 45.5% in the second quarter. Sei Investments Co. now owns 536,133 shares of the company’s stock valued at $70,789,000 after buying an additional 167,707 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo reported second-quarter revenue of $24.18 billion, above estimates, with adjusted EPS of $2.20 also narrowly topping expectations. PepsiCo’s (NASDAQ:PEP) Q2 CY2026 Sales Beat Estimates
• Positive Sentiment: International demand remained strong and helped offset weakness in the U.S., supporting the company’s overall sales growth and easing some concerns about the long-term turnaround. PepsiCo Q2 Earnings Beat on Volume Gains & International Strength

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.