PepsiCo (NASDAQ:PEP) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

PepsiCo (NASDAQ:PEP) had its target price reduced by JPMorgan Chase & Co. from $138.00 to $137.00 in a research report report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other research analysts also recently issued reports on PEP. Evercore reduced their price objective on PepsiCo from $150.00 to $135.00 in a research note on Wednesday, September 30th. Sanford C. Bernstein reiterated a “market perform” rating on shares of PepsiCo in a research note on Friday. Royal Bank Of Canada cut their price target on shares of PepsiCo from $161.00 to $150.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 6th. Jefferies Financial Group reiterated a “hold” rating on shares of PepsiCo in a research note on Thursday. Finally, BNP Paribas Exane cut their price objective on shares of PepsiCo from $161.00 to $157.00 and set an “outperform” rating for the company in a report on Friday. Five equities research 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, PepsiCo has a consensus rating of “Hold” and a consensus price target of $145.85.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $125.97 on Friday. The company has a market capitalization of $171.94 billion, a PE ratio of 15.83, a PEG ratio of 2.92 and a beta of 0.35. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 1.90. The stock’s 50 day moving average price is $135.48 and its 200-day moving average price is $143.00. PepsiCo has a twelve month low of $123.47 and a twelve month high of $171.48.

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

PepsiCo Announces Dividend

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

Insider Transactions at PepsiCo

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were 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 directly owned 74,825 shares in the company, valued at $10,441,080.50. This represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PEP. Moody National Bank Trust Division increased its stake in shares of PepsiCo by 10.5% in the third quarter. Moody National Bank Trust Division now owns 17,276 shares of the company’s stock worth $2,189,000 after buying an additional 1,641 shares during the period. Adelphi Trust Co boosted its position in PepsiCo by 6.2% during the 3rd quarter. Adelphi Trust Co now owns 7,862 shares of the company’s stock valued at $996,000 after buying an additional 457 shares during the period. Rockland Trust Co. boosted its position in PepsiCo by 2.6% during the 3rd quarter. Rockland Trust Co. now owns 367,153 shares of the company’s stock valued at $46,526,000 after buying an additional 9,403 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in PepsiCo by 10.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 127,986 shares of the company’s stock worth $17,321,000 after acquiring an additional 12,193 shares during the last quarter. Finally, State Street Corp grew its holdings in PepsiCo by 1.7% in 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 last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Key Headlines Impacting 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

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.