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

PepsiCo (NASDAQ:PEP) had its price objective dropped by Evercore from $150.00 to $135.00 in a research report issued on Wednesday. Evercore’s price target indicates a potential upside of 4.90% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Morgan Stanley dropped their price objective on PepsiCo from $180.00 to $160.00 and set an “equal weight” rating for the company in a report on Friday, July 10th. Royal Bank Of Canada dropped their price target on PepsiCo from $163.00 to $161.00 and set a “sector perform” rating for the company in a research note on Friday, July 10th. JPMorgan Chase & Co. cut shares of PepsiCo from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $170.00 to $138.00 in a research report on Tuesday. Citigroup lowered their price objective on shares of PepsiCo from $145.00 to $142.00 and set a “neutral” rating for the company in a research report on Thursday, September 24th. Finally, UBS Group set a $159.00 price target on PepsiCo in a research note on Thursday, July 9th. Five research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $151.70.

PepsiCo Price Performance

NASDAQ:PEP opened at $128.69 on Wednesday. PepsiCo has a 52 week low of $126.42 and a 52 week high of $171.48. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93. The firm’s 50-day simple moving average is $137.59 and its 200 day simple moving average is $144.63. The firm has a market cap of $175.65 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 2.71 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.01. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The firm had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, sell-side analysts predict that PepsiCo will post 8.57 earnings per share for the current year.

Insider Activity at PepsiCo

In related news, EVP David Flavell sold 2,900 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $139.54, for a total value of $404,666.00. Following the sale, the executive vice president directly owned 74,825 shares in the company, valued at $10,441,080.50. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PepsiCo

Several large investors have recently modified their holdings of the company. Evergreen Advisors LLC bought a new position in PepsiCo in the 1st quarter valued at about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in PepsiCo during the 4th quarter valued at $26,000. Montgomery Financial Services LLC bought a new stake in shares of PepsiCo in the 2nd quarter worth $25,000. Networth Advisors LLC boosted its holdings in PepsiCo by 2,857.1% during the first quarter. Networth Advisors LLC now owns 207 shares of the company’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Finally, Vermillion Wealth Management Inc. increased its stake in PepsiCo by 99.1% in the 1st quarter. Vermillion Wealth Management Inc. now owns 217 shares of the company’s stock valued at $34,000 after buying an additional 108 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo raised its annual dividend to $5.92, extending its record streak to 54 consecutive annual increases. At the referenced share price, a $10,000 investment would generate approximately $461 in annual dividend income, supporting the stock’s appeal to income-focused investors. Pepsi Just Extended Its Dividend Streak Again
• Positive Sentiment: The company plans to invest $1 billion in Colombia over five years, including production expansion and support for local farmers. The investment could strengthen PepsiCo’s long-term growth and regional operating footprint, although the near-term earnings impact is unclear. PepsiCo To Invest $1 Billion in Colombia
• Neutral Sentiment: PepsiCo’s third-quarter earnings report is approaching, with analysts expecting only marginal bottom-line improvement. Investors will be watching whether productivity measures can offset softer demand and higher costs. PepsiCo’s Quarterly Earnings Preview
• Negative Sentiment: J.P. Morgan downgraded PepsiCo from Overweight to Neutral and cut its price target from $170 to $138, citing weakness in Frito-Lay and the broader North American snack business. The firm expects PepsiCo to rely more heavily on productivity gains to meet its earnings guidance. JPMorgan Downgrades PepsiCo to Neutral
• Negative Sentiment: Deutsche Bank also cut PepsiCo to Hold and reduced its target to $138 from $155, adding to investor concerns about a complicated turnaround, elevated costs and uncertain growth prospects. Deutsche Bank Lowers PepsiCo Rating
• Negative Sentiment: Planned price increases on sodas, chips and dips could pressure affordability and volume, particularly as consumers remain price-sensitive. Analysts have described the move as a risk to PepsiCo’s demand recovery. PepsiCo Plans to Raise Prices

PepsiCo Company Profile

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.