PepsiCo (NASDAQ:PEP) Given New $165.00 Price Target at Evercore ISI

PepsiCo (NASDAQ:PEP) had its price target boosted by Evercore ISI from $152.00 to $165.00 in a research note issued to investors on Wednesday morning,MarketScreener reports.

PEP has been the topic of several other reports. Jefferies Financial Group increased their target price on shares of PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a research report on Tuesday, December 9th. TD Cowen increased their price objective on PepsiCo from $155.00 to $162.00 and gave the company a “hold” rating in a report on Wednesday. Wall Street Zen lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a report on Friday, January 9th. Finally, Bank of America boosted their price objective on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus price target of $167.16.

PepsiCo Trading Up 1.8%

NASDAQ PEP opened at $170.49 on Wednesday. The company has a market capitalization of $233.00 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 3.19 and a beta of 0.40. PepsiCo has a 1-year low of $127.60 and a 1-year high of $170.75. The company has a current ratio of 0.85, a quick ratio of 0.72 and a debt-to-equity ratio of 2.06. The firm’s fifty day simple moving average is $147.65 and its 200-day simple moving average is $146.30.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.02. The business had revenue of $29.34 billion during the quarter, compared to analyst estimates of $28.96 billion. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.96 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, sell-side analysts anticipate that PepsiCo will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.69 annualized dividend and a yield of 3.3%. PepsiCo’s dividend payout ratio is 94.83%.

PepsiCo declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 3rd that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the company to purchase up to 4.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On PepsiCo

A number of hedge funds have recently made changes to their positions in PEP. Clayton Financial Group LLC bought a new position in PepsiCo in the 3rd quarter valued at $872,000. Avantax Advisory Services Inc. raised its holdings in shares of PepsiCo by 2.6% in the second quarter. Avantax Advisory Services Inc. now owns 185,961 shares of the company’s stock valued at $24,554,000 after buying an additional 4,627 shares during the last quarter. Concord Asset Management LLC VA raised its holdings in shares of PepsiCo by 29.4% in the second quarter. Concord Asset Management LLC VA now owns 8,880 shares of the company’s stock valued at $1,172,000 after buying an additional 2,016 shares during the last quarter. Family Capital Management Inc. bought a new stake in PepsiCo during the 2nd quarter worth about $401,000. Finally, Kathmere Capital Management LLC increased its position in PepsiCo by 122.6% in the 3rd quarter. Kathmere Capital Management LLC now owns 20,365 shares of the company’s stock valued at $2,860,000 after acquiring an additional 11,217 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Q4 results beat expectations (EPS $2.26 vs. $2.24; revenue roughly $29.3B) and management reiterated FY2026 guidance while reporting margin improvement — a core driver for today’s buying. Pepsi Pops as Investors Take Notice of Key Strategic Initiatives
• Positive Sentiment: Board approved a $10 billion share repurchase program, supporting EPS and signaling capital-return priority. PepsiCo to Repurchase $10.00 billion in Shares
• Positive Sentiment: Several brokerages lifted price targets after the strong quarter (UBS to $190, Morgan Stanley $180, JPMorgan $176, HSBC $175), which helps sustain buying interest. UBS Lifts PepsiCo Target JPMorgan Raises Target HSBC Adjusts Target
• Positive Sentiment: Management is cutting prices (up to ~15% on some snacks) and pivoting to “snack affordability” ahead of heavy seasonal demand (Super Bowl), which should boost volumes and retail sales. Guacamole & chip prices and PepsiCo price moves
• Positive Sentiment: Productivity and distribution integration (testing combined beverage/snack logistics) are cited as margin levers — management reported early positive results and operating-margin expansion. Productivity Strategy Analysis
• Neutral Sentiment: Pepsi is publicly adapting product mixes for health-conscious consumers (functional foods) and watching trends like GLP-1 drug use — outcomes are uncertain but the company is actively responding. How PepsiCo is adapting to GLP-1 use
• Neutral Sentiment: Activist investor interest (Elliott) remains a background catalyst; Pepsi is implementing changes but has said full refranchising isn’t being pursued — keeps outcomes dependent on execution. Elliott stake & catalyst analysis
• Negative Sentiment: Snack price cuts — and earlier consumer backlash over pricing — could pressure near-term gross margins until volume gains offset the lower pricing. PepsiCo to cut some US snack prices

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.