PepsiCo (NASDAQ:PEP) Issues Earnings Results

Posted by Francis Steltz on Oct 8th, 2026

PepsiCo (NASDAQ:PEP – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.29 by $0.05, FiscalAI reports. The firm had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $24.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.

PepsiCo Price Performance

PEP opened at $123.73 on Thursday. PepsiCo has a fifty-two week low of $123.47 and a fifty-two week high of $171.48. The firm has a 50-day moving average of $135.99 and a 200 day moving average of $143.32. 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 has a market cap of $168.88 billion, a P/E ratio of 16.22, a PEG ratio of 2.85 and a beta of 0.35.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 4th were issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, September 4th. PepsiCo’s payout ratio is 77.59%.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

Positive Sentiment: PepsiCo exceeded quarterly expectations: revenue rose 5.6% year over year to $25.27 billion, while adjusted EPS of $2.34 topped the $2.29 consensus estimate. Reported diluted EPS increased to $2.23 from $1.90, and operating profit climbed 19% to $4.26 billion. PepsiCo earnings top estimates, but company lowers full-year forecast
Positive Sentiment: Management projects approximately 6% fiscal 2026 revenue growth and plans to return $8.9 billion to shareholders through dividends and stock repurchases, supporting PepsiCo’s appeal to income-focused investors. PepsiCo Q3 Revenue Rises 5.6% to $25.3 Billion
Neutral Sentiment: Carlsberg’s expansion into Georgia and Armenia increases PepsiCo’s bottling reach to 17 markets across Eastern Europe and Central Asia, potentially improving international distribution but with limited near-term earnings impact. PepsiCo Expanded Its Bottling Reach To 17 Markets
Negative Sentiment: PepsiCo lowered fiscal 2026 EPS guidance to $8.344–$8.425, below the $8.55 analyst consensus, even as it raised revenue guidance to $99.6 billion from a $98.9 billion consensus. The reduction signals margin and profitability pressure. PepsiCo trims outlook as sales and EPS rise in quarter
Negative Sentiment: Investors remain concerned about weak North American snack demand, cost inflation and the longer-term impact of GLP-1 weight-loss drugs on salty snacks and sugary beverages. PepsiCo is also under pressure to deliver growth and margin targets associated with activist investor Elliott Investment Management. PepsiCo running out of time to meet Elliott-inspired targets
Negative Sentiment: Royal Bank of Canada cut its price target to $150 and maintained a “sector perform” rating, while PepsiCo also recalled roughly 122,000 cases of Gatorade over undeclared dyes—an additional, though likely manageable, brand and execution risk. PepsiCo issues voluntary Gatorade recall

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PEP shares. UBS Group decreased their price target on PepsiCo from $159.00 to $145.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Royal Bank Of Canada cut their price objective on shares of PepsiCo from $161.00 to $150.00 and set a “sector perform” rating on the stock in a report on Tuesday. Piper Sandler set a $176.00 target price on shares of PepsiCo in a report on Thursday, July 9th. Evercore dropped their price target on shares of PepsiCo from $150.00 to $135.00 in a research report on Wednesday, September 30th. Finally, JPMorgan Chase & Co. cut shares of PepsiCo from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $170.00 to $138.00 in a report on Tuesday, September 29th. Five research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus target price of $150.20.

View Our Latest Analysis on PEP

Insider Buying and Selling

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $139.54, for a total value of $404,666.00. Following the transaction, the executive vice president directly owned 74,825 shares in the company, valued at $10,441,080.50. The trade was 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 through the SEC website. Corporate insiders own 0.12% of the company’s stock.

About PepsiCo

(Get Free Report)

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.