JPMorgan Chase & Co. Cuts PepsiCo (NASDAQ:PEP) Price Target to $137.00

PepsiCo (NASDAQ:PEP) had its price target dropped by equities researchers at JPMorgan Chase & Co. from $138.00 to $137.00 in a report released on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 8.74% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Piper Sandler cut their price objective on shares of PepsiCo from $176.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday. Bank of America lowered their target price on PepsiCo from $173.00 to $164.00 and set a “neutral” rating on the stock in a research report on Thursday, June 25th. Weiss Ratings cut PepsiCo from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 24th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of PepsiCo in a research report on Friday. Finally, Evercore cut their price objective on PepsiCo from $150.00 to $135.00 in a research note on Wednesday, September 30th. Six equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average target price of $146.20.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded down $2.35 during trading on Friday, hitting $125.99. The company’s stock had a trading volume of 8,163,360 shares, compared to its average volume of 8,076,958. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74. The firm has a market cap of $171.97 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 2.81 and a beta of 0.35. The company has a 50-day moving average of $135.75 and a 200-day moving average of $143.17. PepsiCo has a 12 month low of $123.47 and a 12 month high of $171.48.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, October 8th. The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.05. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The company had revenue of $25.27 billion during the quarter, compared to analyst estimates of $24.95 billion. During the same period in the previous year, the business posted $2.29 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.344-8.425 EPS. On average, sell-side analysts expect that PepsiCo will post 8.56 earnings per share for the current year.

Insider Buying and Selling at PepsiCo

In related news, EVP David Flavell sold 2,900 shares of the stock in a transaction dated 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 in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Onyx Bridge Wealth Group LLC increased its holdings 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 valued at $415,000 after buying an additional 66 shares in the last quarter. Wilkerson Advisory Group LLC boosted its stake in shares of PepsiCo by 3.3% during the 1st quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company’s stock worth $317,000 after acquiring an additional 66 shares in the last quarter. Richards Merrill & Peterson Inc. grew its holdings in shares of PepsiCo by 3.6% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 1,938 shares of the company’s stock worth $301,000 after acquiring an additional 67 shares during the last quarter. Partners Wealth Management LLC raised its position in shares of PepsiCo by 3.5% during the first quarter. Partners Wealth Management LLC now owns 1,998 shares of the company’s stock worth $310,000 after purchasing an additional 68 shares during the period. Finally, Pittenger & Anderson Inc. lifted its holdings in shares of PepsiCo by 0.3% during the first quarter. Pittenger & Anderson Inc. now owns 24,895 shares of the company’s stock valued at $3,866,000 after purchasing an additional 69 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo exceeded third-quarter expectations, reporting adjusted EPS of $2.34 versus a $2.29 consensus and revenue of $25.27 billion, up 5.6% year over year. International growth, pricing and healthier snack products helped offset domestic weakness. PepsiCo beats third-quarter expectations but cuts profit outlook
• Positive Sentiment: The company plans additional cost reductions and investments to support its North American turnaround. It also completed a $746.24 million repurchase of 5 million shares, providing support through capital returns. Is PepsiCo a Bargain Following Its Buyback?
• Positive Sentiment: UBS said the valuation discount appears excessive relative to PepsiCo’s recovery potential, while maintaining an attractive risk-reward view. BNP Paribas Exane retained an “outperform” rating despite lowering its price target to $157. UBS says Pepsi offers attractive risk-reward
• Neutral Sentiment: PepsiCo is raising prices on Doritos, Ruffles, SunChips and some beverages by single-digit percentages. The move may help offset inflation and input costs, but could further pressure volumes as consumers seek cheaper options. PepsiCo raising prices on snacks and sodas
• Negative Sentiment: PepsiCo reduced its 2026 earnings outlook to $8.344–$8.425 per share, below the roughly $8.55 analyst consensus, citing higher costs and persistent North American weakness. Management also warned that North American margins may remain pressured into the fourth quarter. North America weakness drives guidance cut
• Negative Sentiment: U.S. soda volumes declined, and analysts warn PepsiCo is losing beverage momentum and potentially market share to Coca-Cola. The slower turnaround, changing consumer preferences and higher prices are raising concerns about volume recovery and 2027 growth. Pepsi soda sales decline amid consumer shift

About PepsiCo

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.