Zacks Research Has Bearish Estimate for PepsiCo Q3 Earnings

PepsiCo, Inc. (NASDAQ:PEP) – Investment analysts at Zacks Research lowered their Q3 2026 earnings per share estimates for shares of PepsiCo in a research report issued to clients and investors on Thursday, July 23rd. Zacks Research analyst Team now expects that the company will post earnings of $2.32 per share for the quarter, down from their prior forecast of $2.43. The consensus estimate for PepsiCo’s current full-year earnings is $8.58 per share. Zacks Research also issued estimates for PepsiCo’s Q4 2026 earnings at $2.43 EPS, FY2026 earnings at $8.56 EPS, Q1 2027 earnings at $1.67 EPS, Q3 2027 earnings at $2.48 EPS, Q4 2027 earnings at $2.52 EPS, FY2027 earnings at $8.98 EPS, Q1 2028 earnings at $1.76 EPS, Q2 2028 earnings at $2.44 EPS and FY2028 earnings at $9.50 EPS.

A number of other equities research analysts have also issued reports on PEP. BNP Paribas Exane cut their price target on shares of PepsiCo from $195.00 to $183.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Evercore set a $150.00 target price on PepsiCo in a report on Thursday, July 9th. Jefferies Financial Group lowered their price target on PepsiCo from $162.00 to $152.00 and set a “hold” rating on the stock in a report on Friday, July 10th. JPMorgan Chase & Co. dropped their price target on PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. Finally, TD Cowen reduced their price objective on PepsiCo from $150.00 to $145.00 and set a “hold” rating for the company in a research note on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and an average price target of $157.90.

PepsiCo Price Performance

PEP stock opened at $134.95 on Friday. PepsiCo has a one year low of $133.73 and a one year high of $171.48. The firm has a 50-day moving average of $142.36 and a two-hundred day moving average of $151.03. The firm has a market capitalization of $184.19 billion, a PE ratio of 17.69, a P/E/G ratio of 2.98 and a beta of 0.36. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.19 by $0.01. The business had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.PepsiCo’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS.

Institutional Trading of PepsiCo

A number of institutional investors have recently bought and sold shares of the company. Evergreen Advisors LLC acquired a new stake in shares of PepsiCo during the 1st quarter valued at about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in PepsiCo during the fourth quarter valued at approximately $26,000. Swiss RE Ltd. acquired a new stake in PepsiCo in the fourth quarter valued at approximately $28,000. MH & Associates Securities Management Corp ADV bought a new stake in PepsiCo in the fourth quarter worth approximately $29,000. Finally, Networth Advisors LLC increased its stake in shares of PepsiCo by 2,857.1% during the 1st quarter. Networth Advisors LLC now owns 207 shares of the company’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, September 4th. PepsiCo’s payout ratio is currently 77.59%.

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.