PepsiCo (NASDAQ:PEP) Stock Gets Price Target Cut from Citigroup

Posted by Brian Himes on Oct 12th, 2026

PepsiCo (NASDAQ:PEP – Free Report) had its price target lowered by Citigroup from $142.00 to $135.00 in a report published on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the company. Sanford C. Bernstein restated a “market perform” rating on shares of PepsiCo in a research report on Friday. Piper Sandler cut their price target on shares of PepsiCo from $176.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 price target on shares of PepsiCo in a research report on Thursday. Jefferies Financial Group reiterated a “hold” rating on shares of PepsiCo in a report on Thursday. Finally, Evercore reduced their target price on shares of PepsiCo from $150.00 to $135.00 in a research note on Wednesday, September 30th. Five investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $145.85.

Read Our Latest Stock Analysis on PepsiCo

PepsiCo Price Performance

NASDAQ:PEP opened at $125.97 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 1.90. PepsiCo has a 12-month low of $123.47 and a 12-month high of $171.48. The stock’s fifty day simple moving average is $135.48 and its 200-day simple moving average is $143.00. The firm has a market capitalization of $171.94 billion, a P/E ratio of 15.83, a P/E/G ratio of 2.92 and a beta of 0.35.

PepsiCo (NASDAQ:PEP – Get Free Report) last released its quarterly earnings data on Thursday, October 8th. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.05. PepsiCo had a return on equity of 53.08% and a net margin of 11.09%. The business had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $24.95 billion. During the same quarter in the prior year, the company posted $2.29 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.344-8.425 EPS. Equities research analysts expect that PepsiCo will post 8.40 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th were issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Friday, September 4th. PepsiCo’s dividend payout ratio is currently 74.37%.

Insiders Place Their Bets

In other news, EVP David Flavell sold 2,900 shares of PepsiCo stock in a transaction on Monday, July 27th. The stock was sold at an average price of $139.54, for a total transaction of $404,666.00. Following the completion of the sale, the executive vice president owned 74,825 shares of the company’s stock, valued at approximately $10,441,080.50. This trade represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is owned by insiders.

Hedge Funds Weigh In On PepsiCo

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of PepsiCo by 2.1% in the second quarter. BlackRock Inc. now owns 118,281,854 shares of the company’s stock valued at $16,015,363,000 after buying an additional 2,440,377 shares during the period. State Street Corp increased its stake in PepsiCo by 1.7% during the 2nd quarter. State Street Corp now owns 60,406,932 shares of the company’s stock worth $8,179,099,000 after acquiring an additional 987,582 shares during the period. Auto Owners Insurance Co increased its stake in PepsiCo by 14,857.8% during the 4th quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company’s stock worth $7,068,777,000 after acquiring an additional 48,923,629 shares during the period. Bank of America Corp DE raised its holdings in PepsiCo by 0.6% in the 1st quarter. Bank of America Corp DE now owns 21,283,701 shares of the company’s stock valued at $3,305,146,000 after acquiring an additional 133,325 shares in the last quarter. Finally, Amundi raised its holdings in PepsiCo by 16.8% in the 1st quarter. Amundi now owns 11,444,671 shares of the company’s stock valued at $1,777,243,000 after acquiring an additional 1,647,506 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

Positive Sentiment: International growth, pricing gains and improving North American snack volumes helped PepsiCo exceed quarterly revenue and earnings expectations. PepsiCo Q3 Earnings and Revenues Beat Estimates on International Growth
Positive Sentiment: UBS said the stock’s valuation discount appears difficult to justify despite the slower North American recovery, suggesting attractive risk-reward at recent levels. Pepsi Offers Attractive Risk-Reward Despite Lowered 2026 Outlook
Positive Sentiment: PepsiCo completed a $746 million repurchase of 5 million shares, supporting per-share value and signaling continued capital returns alongside its dividend program. Is PepsiCo a Bargain Following Its Buyback?

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.