PepsiCo, Inc. (NASDAQ:PEP – Free Report) – Analysts at Zacks Research lowered their FY2026 earnings estimates for PepsiCo in a research report issued to clients and investors on Friday, October 16th. Zacks Research analyst Team now expects that the company will post earnings per share of $8.40 for the year, down from their prior forecast of $8.56. The consensus estimate for PepsiCo’s current full-year earnings is $8.41 per share. Zacks Research also issued estimates for PepsiCo’s Q4 2026 earnings at $2.25 EPS, Q1 2027 earnings at $1.62 EPS, Q2 2027 earnings at $2.25 EPS, Q3 2027 earnings at $2.40 EPS, Q4 2027 earnings at $2.33 EPS, FY2027 earnings at $8.61 EPS, Q1 2028 earnings at $1.71 EPS, Q2 2028 earnings at $2.40 EPS, Q3 2028 earnings at $2.58 EPS and FY2028 earnings at $9.20 EPS.
Several other analysts also recently weighed in on PEP. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $132.00 price objective on shares of PepsiCo in a research report on Friday, October 9th. Barclays decreased their target price on PepsiCo from $133.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Monday, October 12th. Wells Fargo & Company lowered their target price on PepsiCo from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, October 5th. Bank of America dropped their target price on shares of PepsiCo from $173.00 to $164.00 and set a “neutral” rating for the company in a report on Thursday, June 25th. Finally, Morgan Stanley set a $145.00 price target on shares of PepsiCo in a research note on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $145.50.
Get Our Latest Research Report on PepsiCo
PepsiCo Trading Up 1.6%
Shares of PEP opened at $133.57 on Monday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.76 and a current ratio of 0.94. PepsiCo has a 52-week low of $123.47 and a 52-week high of $171.48. The firm has a market cap of $182.02 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 3.92 and a beta of 0.35. The business’s fifty day moving average is $134.36 and its 200-day moving average is $142.00.
PepsiCo (NASDAQ:PEP – Get Free Report) last announced its quarterly earnings data on Wednesday, October 7th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.29 by $0.05. PepsiCo had a net margin of 11.09% and a return on equity of 53.08%. The business had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $24.95 billion. During the same period in the previous year, the business earned $2.29 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis.
Institutional Trading of PepsiCo
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PEP. Onyx Bridge Wealth Group LLC increased its position in shares of PepsiCo by 2.5% in the first quarter. Onyx Bridge Wealth Group LLC now owns 2,673 shares of the company’s stock worth $415,000 after purchasing an additional 66 shares during the last quarter. Wilkerson Advisory Group LLC lifted its position in PepsiCo by 3.3% during the first quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company’s stock valued at $317,000 after purchasing an additional 66 shares during the last quarter. Richards Merrill & Peterson Inc. lifted its position in PepsiCo by 3.6% during the first quarter. Richards Merrill & Peterson Inc. now owns 1,938 shares of the company’s stock valued at $301,000 after purchasing an additional 67 shares during the last quarter. Partners Wealth Management LLC grew its stake in PepsiCo by 3.5% in the 1st quarter. Partners Wealth Management LLC now owns 1,998 shares of the company’s stock worth $310,000 after buying an additional 68 shares in the last quarter. Finally, Pittenger & Anderson Inc. grew its stake in PepsiCo by 0.3% in the 1st quarter. Pittenger & Anderson Inc. now owns 24,895 shares of the company’s stock worth $3,866,000 after buying an additional 69 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.
Insider Transactions at PepsiCo
In related news, Director Robert Pohlad purchased 184,646 shares of the firm’s stock in a transaction dated Wednesday, October 14th. The stock was bought at an average price of $128.28 per share, with a total value of $23,686,388.88. Following the completion of the purchase, the director owned 433,009 shares in the company, valued at approximately $55,546,394.52. This represents a 74.35% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David Flavell sold 2,900 shares of the 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 completion of the sale, the executive vice president directly owned 74,825 shares of the company’s stock, valued at approximately $10,441,080.50. The trade was a 3.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.12% of the company’s stock.
PepsiCo News Roundup
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: A PepsiCo director reportedly purchased approximately $23.7 million of PEP stock, while separate coverage linked insider buying to recent share strength. The purchases may signal that company insiders view the stock as undervalued after its decline from the 52-week high. PepsiCo Director Buys Stock PepsiCo Stock Price and Insider Buying
- Neutral Sentiment: Analyst projections for fiscal 2026 earnings provide additional reference points for investors, while dividend-focused comparisons continue to highlight PepsiCo’s income appeal. However, those articles also acknowledge the company’s reduced earnings-growth outlook. Analysts Offer Predictions for PepsiCo FY2026 Earnings PepsiCo or Philip Morris Dividend Stock
- Negative Sentiment: PepsiCo’s loss of KFC’s U.S. beverage contract to Coca-Cola beginning in January 2027 is reinforcing concerns about competitive pressure and the effectiveness of its turnaround strategy. The direct revenue impact may be limited, but the loss carries marketing and account-signaling consequences. Coca-Cola’s KFC Win PepsiCo KFC Contract Loss
- Negative Sentiment: PepsiCo lowered its fiscal 2026 core EPS growth outlook to 2.5%–3.5%, citing higher input costs, softer U.S. performance and margin pressure. The company’s higher year-over-year sales and earnings have therefore been overshadowed by concerns about slowing growth. PepsiCo Lowered Earnings Outlook
- Negative Sentiment: PepsiCo plans to close its Knoxville plant and pay employees through their notice period. The closure may improve efficiency over time, but near-term restructuring costs and evidence of portfolio or capacity changes could weigh on sentiment. Pepsi Plant in Knoxville to Close
PepsiCo Company Profile
PepsiCo, Inc (NASDAQ:PEP) is a global food and beverage company whose portfolio includes Pepsi-Cola, Mountain Dew, Gatorade, Lay’s, Doritos, Cheetos, Quaker, Tostitos, Fritos, and SodaStream. Its products span carbonated soft drinks, sports and energy beverages, bottled water, juices, convenient foods, snacks, and other packaged food offerings.
The company sells products through retail stores, restaurants, food-service providers, e-commerce platforms, and other distribution channels. PepsiCo serves consumers in North America and international markets across Latin America, Europe, Africa, the Middle East, and Asia-Pacific.
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