TD Cowen Lowers PepsiCo (NASDAQ:PEP) Price Target to $145.00

PepsiCo (NASDAQ:PEP) had its target price cut by investment analysts at TD Cowen from $150.00 to $145.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 6.06% from the stock’s current price.

A number of other brokerages have also recently weighed in on PEP. Piper Sandler set a $176.00 price target on shares of PepsiCo in a research report on Thursday. Citigroup downgraded PepsiCo from a “buy” rating to a “neutral” rating and reduced their price target for the company from $170.00 to $145.00 in a report on Friday. Jefferies Financial Group set a $162.00 price objective on shares of PepsiCo in a report on Thursday, June 25th. Wells Fargo & Company dropped their price target on PepsiCo from $150.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Evercore set a $150.00 target price on shares of PepsiCo in a research note on Thursday. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $159.15.

PepsiCo Stock Performance

NASDAQ PEP opened at $136.72 on Friday. PepsiCo has a twelve month low of $133.75 and a twelve month high of $171.48. The business’s 50-day moving average price is $145.78 and its 200 day moving average price is $151.56. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $186.86 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 2.87 and a beta of 0.36.

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

Institutional Investors Weigh In On PepsiCo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEP. Captrust Financial Advisors lifted its holdings in shares of PepsiCo by 3.6% during the 3rd quarter. Captrust Financial Advisors now owns 554,798 shares of the company’s stock worth $77,916,000 after acquiring an additional 19,218 shares during the period. Swiss Life Asset Management Ltd raised its stake in PepsiCo by 11.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock worth $59,600,000 after acquiring an additional 42,335 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. lifted its stake in shares of PepsiCo by 622.3% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 35,603 shares of the company’s stock valued at $5,110,000 after acquiring an additional 30,674 shares during the last quarter. Allstate Corp boosted its stake in shares of PepsiCo by 108.1% during the fourth quarter. Allstate Corp now owns 104,723 shares of the company’s stock valued at $15,030,000 after purchasing an additional 54,405 shares in the last quarter. Finally, National Pension Service boosted its position in PepsiCo by 2.5% during the 4th quarter. National Pension Service now owns 3,143,939 shares of the company’s stock worth $451,218,000 after buying an additional 77,051 shares during the period. Institutional investors own 73.07% of the company’s stock.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo beat second-quarter revenue estimates, with sales of $24.18 billion up 6.4% year over year, helped by strong international demand and improved volumes. PepsiCo beats revenue estimates as volumes improve globally
• Positive Sentiment: The company reaffirmed its full-year outlook and maintained FY2026 guidance, which suggests management still expects growth to hold up despite near-term volatility. PepsiCo Q2 Profit Surges, Core Margin Drops, Confirms FY26 View; Stock Down
• Neutral Sentiment: PepsiCo continues to offer an attractive dividend profile, and some commentary argues the stock looks more compelling after the pullback versus its historical valuation range. PepsiCo’s Dividend Could Turn Patience Into Real Profit
• Neutral Sentiment: BNP Paribas cut its price target to $183 from $195 but kept an outperform rating, while Wells Fargo lowered its target to $140 and moved to equal weight, signaling more caution on the near-term setup. This PepsiCo Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday
• Negative Sentiment: Wells Fargo lowered its price target on PEP from $150 to $140, reflecting concern that growth may slow and that the shares may struggle to re-rate quickly. PepsiCo had its price target lowered by Wells Fargo & Company
• Negative Sentiment: Management said high gas prices are keeping shoppers from visiting stores as often, which is hurting snack and drink purchases in North America and weighing on investor sentiment. PepsiCo Says High Gas Prices Are Keeping Shoppers From Buying Snacks and Drinks
• Negative Sentiment: Several reports noted that PepsiCo’s U.S. business is under strain from weaker consumer spending, with investors worried that the turnaround is taking longer than expected despite the earnings beat. Pepsi Earnings Beat Expectations. Why the Stock Is Dropping.

About PepsiCo

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.