Citigroup Cuts PepsiCo (NASDAQ:PEP) Price Target to $142.00

PepsiCo (NASDAQ:PEP) had its price objective lowered by Citigroup from $145.00 to $142.00 in a research report report published on Thursday, Marketbeat reports. The brokerage currently has a neutral rating on the stock.

A number of other research firms have also commented on PEP. Sanford C. Bernstein set a $134.00 price target on shares of PepsiCo in a research report on Friday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a report on Monday, July 6th. TD Cowen reiterated a “hold” rating on shares of PepsiCo in a research note on Friday, August 28th. BNP Paribas Exane reduced their target price on PepsiCo from $183.00 to $161.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company decreased 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, July 10th. Seven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $156.65.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $128.63 on Thursday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74. The business’s fifty day moving average price is $137.85 and its two-hundred day moving average price is $145.20. PepsiCo has a fifty-two week low of $126.90 and a fifty-two week high of $171.48. The stock has a market capitalization of $175.57 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 2.71 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last issued 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 return on equity of 54.63% and a net margin of 10.78%.The company had revenue of $24.18 billion during the quarter, compared to analysts’ expectations of $23.95 billion. During the same period last year, the business earned $0.92 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, analysts predict that PepsiCo will post 8.57 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be given a dividend of $1.48 per share. The ex-dividend date is Friday, September 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.6%. PepsiCo’s payout ratio is presently 77.59%.

Insider Transactions at PepsiCo

In related 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 transaction, the executive vice president owned 74,825 shares in the company, valued at $10,441,080.50. This trade represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PEP. Onyx Bridge Wealth Group LLC lifted its holdings in PepsiCo by 2.5% in the first quarter. Onyx Bridge Wealth Group LLC now owns 2,673 shares of the company’s stock valued at $415,000 after buying an additional 66 shares during the period. Wilkerson Advisory Group LLC grew its holdings in PepsiCo by 3.3% during the 1st quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company’s stock worth $317,000 after acquiring an additional 66 shares during the period. Richards Merrill & Peterson Inc. grew its holdings in PepsiCo by 3.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 1,938 shares of the company’s stock worth $301,000 after acquiring an additional 67 shares during the period. Partners Wealth Management LLC raised its position in shares of PepsiCo by 3.5% during the 1st quarter. Partners Wealth Management LLC now owns 1,998 shares of the company’s stock valued at $310,000 after acquiring an additional 68 shares during the last quarter. Finally, Pittenger & Anderson Inc. lifted its stake in shares of PepsiCo by 0.3% in the 1st quarter. Pittenger & Anderson Inc. now owns 24,895 shares of the company’s stock valued at $3,866,000 after purchasing an additional 69 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo will report third-quarter results on October 8. Analysts expect approximately $2.30 in earnings per share and $25 billion in revenue, providing a potential catalyst if the company delivers stronger-than-expected results or improves its outlook. PepsiCo earnings forecast article
• Positive Sentiment: Investors purchased a high volume of PepsiCo call options, signaling that some market participants are positioning for a rebound. However, options activity is speculative and does not guarantee a change in fundamentals. PepsiCo call options article
• Neutral Sentiment: Citigroup lowered its price target from $145 to $142 while maintaining a Neutral rating. The revised target still implies upside from recent levels, but the cut reflects greater caution about PepsiCo’s near-term operating performance. Citigroup PepsiCo price target article
• Negative Sentiment: PepsiCo plans to raise prices on selected chips, dips, soda, and other snacks after earlier price cuts failed to generate sufficient sales growth. The reversal suggests consumers remain price-sensitive and could further pressure volumes, market share, and shelf space, even though higher prices may support revenue per unit. PepsiCo snack price increases article
• Negative Sentiment: Recent commentary characterizes PepsiCo as facing more formidable challenges than other Dividend Kings, including sluggish demand, pricing pressure, and uncertainty around its growth outlook. Dividend Kings PepsiCo analysis
• Negative Sentiment: PepsiCo is closing a Maryland plant and eliminating 143 jobs amid weakening soda demand, adding to concerns about broader facility closures, restructuring costs, and soft consumer demand. PepsiCo Maryland plant closure article

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ:PEP) is a global food and beverage company headquartered in Purchase, New York. Its portfolio includes carbonated soft drinks, sports drinks, bottled water, juices, ready-to-drink beverages, snack foods and convenient foods. Major brands include Pepsi, Mountain Dew, Gatorade, Lay’s, Doritos, Cheetos, Quaker and SodaStream.

The company sells products through a broad range of channels, including grocery stores, convenience stores, restaurants, food-service providers, vending operations and e-commerce platforms.