PepsiCo (PEP) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of PepsiCo (NASDAQ: PEP) in the last few weeks:

• 2/10/2026 – PepsiCo had its price target raised by analysts at Rothschild & Co Redburn from $120.00 to $130.00. They now have a “sell” rating on the stock.
• 2/5/2026 – PepsiCo had its price target raised by analysts at HSBC Holdings plc from $152.00 to $175.00. They now have a “hold” rating on the stock.
• 2/4/2026 – PepsiCo had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a $190.00 price target on the stock.
• 2/4/2026 – PepsiCo had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $156.00 price target on the stock.
• 2/4/2026 – PepsiCo was given a new $191.00 price target on by analysts at BNP Paribas Exane.
• 2/4/2026 – PepsiCo had its “outperform” rating reaffirmed by analysts at BNP Paribas Exane.
• 2/4/2026 – PepsiCo had its price target raised by analysts at Citigroup Inc. from $170.00 to $182.00. They now have a “buy” rating on the stock.
• 2/4/2026 – PepsiCo had its price target raised by analysts at Wells Fargo & Company from $154.00 to $165.00. They now have an “equal weight” rating on the stock.
• 2/4/2026 – PepsiCo had its price target raised by analysts at Evercore Inc from $152.00 to $165.00.
• 2/4/2026 – PepsiCo had its price target raised by analysts at Morgan Stanley from $165.00 to $180.00. They now have an “equal weight” rating on the stock.
• 2/4/2026 – PepsiCo had its price target raised by analysts at JPMorgan Chase & Co. from $164.00 to $176.00. They now have an “overweight” rating on the stock.
• 2/4/2026 – PepsiCo had its price target raised by analysts at TD Cowen from $155.00 to $162.00. They now have a “hold” rating on the stock.
• 2/4/2026 – PepsiCo had its price target raised by analysts at Barclays PLC from $148.00 to $160.00. They now have an “equal weight” rating on the stock.
• 1/16/2026 – PepsiCo was given a new $148.00 price target on by analysts at Barclays PLC.
• 1/16/2026 – PepsiCo was upgraded by analysts at BNP Paribas Exane from a “hold” rating to an “outperform” rating. They now have a $179.00 price target on the stock.
• 1/14/2026 – PepsiCo had its price target lowered by analysts at UBS Group AG from $172.00 to $170.00. They now have a “buy” rating on the stock.
• 1/9/2026 – PepsiCo had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings.
• 12/27/2025 – PepsiCo was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, March 6th. PepsiCo’s payout ratio is currently 94.83%.

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.