PepsiCo (NASDAQ:PEP) Price Target Lowered to $145.00 at TD Cowen

PepsiCo (NASDAQ:PEP) had its price target lowered by TD Cowen from $150.00 to $145.00 in a research note released on Friday,Benzinga reports. TD Cowen currently has a hold rating on the stock.

Other equities analysts have also issued research reports about the company. Barclays reduced their target price on PepsiCo from $144.00 to $138.00 and set an “equal weight” rating for the company in a research note on Monday, July 6th. Evercore set a $150.00 price objective on PepsiCo in a report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research note on Monday. Citigroup downgraded PepsiCo from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $170.00 to $145.00 in a report on Friday. Finally, Bank of America cut their price target on shares of PepsiCo from $173.00 to $164.00 and set a “neutral” rating on the stock in a report on Thursday, June 25th. Seven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $157.70.

PepsiCo Price Performance

Shares of PEP stock opened at $137.38 on Friday. PepsiCo has a fifty-two week low of $133.75 and a fifty-two week high of $171.48. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.72 and a current ratio of 0.93. The firm has a market capitalization of $187.77 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.78 and a beta of 0.36. The stock’s 50-day simple moving average is $145.42 and its 200-day simple moving average is $151.46.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.01. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The business had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. During the same quarter in the prior year, the business posted $0.92 EPS. PepsiCo’s revenue for the quarter was up 6.4% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, equities analysts forecast that PepsiCo will post 8.62 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were given a dividend of $1.48 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date was Friday, June 5th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.3%. PepsiCo’s payout ratio is 92.94%.

Hedge Funds Weigh In On PepsiCo

A number of large investors have recently added to or reduced their stakes in the stock. Evergreen Advisors LLC acquired a new stake in shares of PepsiCo in the first quarter valued at about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in PepsiCo in the 4th quarter valued at about $26,000. Swiss RE Ltd. acquired a new stake in PepsiCo in the 4th quarter worth about $28,000. MH & Associates Securities Management Corp ADV purchased a new stake in PepsiCo during the 4th quarter worth approximately $29,000. Finally, Imprint Wealth LLC acquired a new position in shares of PepsiCo during the third quarter valued at approximately $31,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s Q2 revenue topped Wall Street estimates, supported by stronger international growth and improved volumes in some markets.
• Positive Sentiment: The company reaffirmed its full-year guidance, which can help reassure investors that the turnaround plan is still on track.
• Positive Sentiment: PepsiCo’s long dividend track record remains a draw for income investors, with the company continuing its streak of annual increases.
• Neutral Sentiment: Several firms, including RBC, TD Cowen, Wells Fargo, Citi, and others, lowered price targets after the report, but most still kept neutral or hold-type ratings. Citi Analyst Downgrades PepsiCo Stock (PEP) Despite Q2 Beat, Slashes Target by 15%
• Neutral Sentiment: Analysts remain split between PepsiCo’s dividend/stability appeal and concerns about valuation, margin pressure, and a slow U.S. recovery. PepsiCo’s $200 Billion Stability Play Is Attracting Dividend Investors
• Negative Sentiment: Investors are worried that soft North American snack and beverage demand, plus higher commodity and fuel costs, could keep earnings momentum muted.
• Negative Sentiment: Media coverage compared PepsiCo unfavorably with Coca-Cola, highlighting market-share pressure and a more difficult turnaround narrative for PEP shares.

About PepsiCo

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.