PepsiCo (NASDAQ:PEP) Updates FY 2026 Earnings Guidance

PepsiCo (NASDAQ:PEP) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 8.550-8.710 for the period, compared to the consensus estimate of 8.640. The company issued revenue guidance of $97.7 billion-$99.6 billion, compared to the consensus revenue estimate of $98.9 billion.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PEP shares. Bank of America dropped their price objective on PepsiCo from $173.00 to $164.00 and set a “neutral” rating for the company in a research note on Thursday, June 25th. Citigroup cut PepsiCo from a “buy” rating to a “neutral” rating in a report on Friday. Jefferies Financial Group set a $162.00 price target on shares of PepsiCo in a research note on Thursday, June 25th. The Goldman Sachs Group increased their price target on shares of PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Sanford C. Bernstein set a $142.00 price objective on shares of PepsiCo and gave the company a “market perform” rating in a report on Wednesday, July 1st. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, PepsiCo has an average rating of “Hold” and an average target price of $162.65.

PepsiCo Stock Performance

Shares of PEP stock opened at $137.86 on Friday. The company has a market cap of $188.42 billion, a P/E ratio of 21.64, a PEG ratio of 2.87 and a beta of 0.36. The firm has a fifty day moving average price of $145.78 and a 200 day moving average price of $151.56. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. PepsiCo has a 12 month low of $133.63 and a 12 month high of $171.48.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.01. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The company had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same period in the previous year, the business earned $0.92 EPS. PepsiCo’s revenue for the quarter was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Sell-side analysts predict that PepsiCo will post 8.62 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were paid a $1.48 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, June 5th. PepsiCo’s payout ratio is currently 92.94%.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo reported second-quarter revenue of $24.18 billion, above estimates, with adjusted EPS of $2.20 also narrowly topping expectations. PepsiCo’s (NASDAQ:PEP) Q2 CY2026 Sales Beat Estimates
• Positive Sentiment: International demand remained strong and helped offset weakness in the U.S., supporting the company’s overall sales growth and easing some concerns about the long-term turnaround. PepsiCo Q2 Earnings Beat on Volume Gains & International Strength

Institutional Investors Weigh In On PepsiCo

Several hedge funds and other institutional investors have recently bought and sold shares of PEP. Swiss RE Ltd. acquired a new position in PepsiCo in the fourth quarter valued at $28,000. Imprint Wealth LLC purchased a new stake in shares of PepsiCo in the 3rd quarter valued at about $31,000. Binnacle Investments Inc boosted its position in shares of PepsiCo by 33.2% in the 2nd quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock valued at $38,000 after purchasing an additional 71 shares during the period. Strive Asset Management LLC purchased a new position in PepsiCo during the 3rd quarter worth approximately $48,000. Finally, Wealth Watch Advisors INC acquired a new position in PepsiCo during the third quarter worth approximately $67,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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.