PepsiCo (NASDAQ:PEP) Updates FY 2026 Earnings Guidance

PepsiCo (NASDAQ:PEP) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 8.465-8.628 for the period, compared to the consensus earnings per share estimate of 8.620. The company issued revenue guidance of $95.8 billion-$97.7 billion, compared to the consensus revenue estimate of $98.3 billion.

Wall Street Analyst Weigh In

PEP has been the subject of several recent analyst reports. UBS Group lowered their target price on shares of PepsiCo from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Evercore lifted their target price on shares of PepsiCo from $152.00 to $165.00 in a research note on Wednesday, February 4th. Argus raised shares of PepsiCo to a “hold” rating in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a report on Wednesday, April 8th. Finally, Morgan Stanley lifted their price target on shares of PepsiCo from $165.00 to $180.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $168.16.

PepsiCo Stock Performance

NASDAQ:PEP opened at $158.38 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $216.50 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.99 and a beta of 0.40. The firm’s fifty day simple moving average is $160.05 and its 200 day simple moving average is $151.46. PepsiCo has a twelve month low of $127.60 and a twelve month high of $171.48.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, April 16th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.06. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. The firm had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. During the same quarter in the previous year, the firm posted $1.48 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. As a group, equities research analysts expect that PepsiCo will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 6th were paid a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $5.69 annualized dividend and a yield of 3.6%. PepsiCo’s payout ratio is 94.83%.

PepsiCo announced that its board has authorized a stock buyback program on Tuesday, February 3rd that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 4.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Q1 beat on both revenue and EPS — PepsiCo reported $19.44B in revenue (up 8.5% YoY) and $1.61 non-GAAP EPS, topping Street estimates and signaling broad-based demand strength. PEP Q1 Deep Dive
• Positive Sentiment: Price cuts are working — Promotional price cuts (up to ~15% on value snack SKUs) drove the first North America food volume growth in over two years and helped win back shoppers, supporting near-term top-line momentum. Food companies are finally cutting prices
• Positive Sentiment: Brand and product initiatives gaining traction — PepsiCo highlighted innovations (Gatorade repositioning, new snack SKUs, energy/prebiotic soda strength) that management says are expanding occasions and helping sales recover. PepsiCo Q1 2026 Earnings Call Highlights
• Positive Sentiment: Analyst and press reaction is supportive — Coverage emphasizes the food-segment turnaround and productivity gains; some outlets call PepsiCo a discounted Dividend King with long-term appeal after the sell-off. 3 Magnificent Dividend Stocks the Sell-Off Has Put on Sale
• Neutral Sentiment: Sector sentiment also lifted by smaller peers — Positive earnings and outlooks from beverage peers boosted beverage-sector sentiment, indirectly supporting PEP shares. Zevia (ZVIA) Stock Trades Up
• Negative Sentiment: Guidance and margin read — PepsiCo reaffirmed FY-2026 EPS guidance but its revenue range sits modestly below some consensus estimates, and inflation/competitive dynamics could pressure margins as price restatements continue. (Company guidance and press release summarized in earnings coverage.) PepsiCo tops quarterly revenue estimates

Institutional Investors Weigh In On PepsiCo

Institutional investors have recently modified their holdings of the business. Swiss RE Ltd. bought a new stake in shares of PepsiCo during the 4th quarter valued at about $28,000. Imprint Wealth LLC bought a new stake in shares of PepsiCo during the 3rd quarter valued at about $31,000. Binnacle Investments Inc grew its position in shares of PepsiCo by 33.2% during the 2nd quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock valued at $38,000 after buying an additional 71 shares during the last quarter. Strive Asset Management LLC bought a new stake in shares of PepsiCo during the 3rd quarter valued at about $48,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of PepsiCo during the 4th quarter valued at about $67,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Company Profile

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.