Weekly Research Analysts’ Ratings Changes for PepsiCo (PEP)

Several brokerages have updated their recommendations and price targets on shares of PepsiCo (NASDAQ: PEP) in the last few weeks:

• 7/21/2026 – PepsiCo had its price target raised by Barclays PLC from $138.00 to $142.00. They now have an “equal weight” rating on the stock.
• 7/10/2026 – PepsiCo was given a new $155.00 price target by Deutsche Bank Aktiengesellschaft.
• 7/10/2026 – PepsiCo had its price target lowered by Jefferies Financial Group Inc. from $162.00 to $152.00. They now have a “hold” rating on the stock.
• 7/10/2026 – PepsiCo had its price target lowered by Barclays PLC from $144.00 to $138.00. They now have an “equal weight” rating on the stock.
• 7/10/2026 – PepsiCo had its price target lowered by Morgan Stanley from $180.00 to $160.00. They now have an “equal weight” rating on the stock.
• 7/10/2026 – PepsiCo was downgraded by Citigroup Inc. from “buy” to “neutral”. They now have a $145.00 price target on the stock, down from $170.00.
• 7/10/2026 – PepsiCo was given a new $134.00 price target by Sanford C. Bernstein.
• 7/10/2026 – PepsiCo had its price target lowered by TD Cowen from $150.00 to $145.00. They now have a “hold” rating on the stock.
• 7/10/2026 – PepsiCo had its price target lowered by Royal Bank Of Canada from $163.00 to $161.00. They now have a “sector perform” rating on the stock.
• 7/10/2026 – PepsiCo had its price target lowered by Wells Fargo & Company from $150.00 to $140.00. They now have an “equal weight” rating on the stock.
• 7/9/2026 – PepsiCo was given a new $150.00 price target by Evercore Inc.
• 7/9/2026 – PepsiCo was given a new $176.00 price target by Piper Sandler.
• 7/9/2026 – PepsiCo was given a new $159.00 price target by UBS Group AG.
• 7/8/2026 – PepsiCo had its price target lowered by BNP Paribas Exane from $195.00 to $183.00. They now have an “outperform” rating on the stock.
• 7/6/2026 – PepsiCo had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 7/6/2026 – PepsiCo had its price target lowered by Barclays PLC from $144.00 to $138.00. They now have an “equal weight” rating on the stock.
• 7/2/2026 – PepsiCo had its price target lowered by UBS Group AG from $186.00 to $172.00. They now have a “buy” rating on the stock.
• 7/2/2026 – PepsiCo had its price target lowered by Barclays PLC from $158.00 to $144.00. They now have an “equal weight” rating on the stock.
• 7/1/2026 – PepsiCo was given a new $142.00 price target by Sanford C. Bernstein. They now have a “market perform” rating on the stock.
• 7/1/2026 – PepsiCo had its price target lowered by JPMorgan Chase & Co. from $178.00 to $170.00. They now have an “overweight” rating on the stock.
• 6/25/2026 – PepsiCo was given a new $162.00 price target by Jefferies Financial Group Inc..
• 6/25/2026 – PepsiCo had its price target lowered by Citigroup Inc. from $182.00 to $170.00. They now have a “buy” rating on the stock.
• 6/25/2026 – PepsiCo had its price target lowered by Bank of America Corporation from $173.00 to $164.00. They now have a “neutral” rating on the stock.
• 6/18/2026 – PepsiCo had its price target lowered by Deutsche Bank Aktiengesellschaft from $173.00 to $168.00. They now have a “buy” rating on the stock.
• 6/12/2026 – PepsiCo had its price target lowered by Piper Sandler from $181.00 to $178.00. They now have an “overweight” rating on the stock.
• 6/12/2026 – PepsiCo had its price target lowered by Piper Sandler from $181.00 to $178.00. They now have an “overweight” rating on the stock.
• 6/12/2026 – PepsiCo had its price target lowered by TD Cowen from $165.00 to $150.00. They now have a “hold” rating on the stock.
• 6/11/2026 – PepsiCo is now covered by Sanford C. Bernstein. They set a “market perform” rating and a $143.00 price target on the stock.
• 6/11/2026 – PepsiCo is now covered by Sanford C. Bernstein. They set a “market perform” rating and a $143.00 price target on the stock.
• 6/5/2026 – PepsiCo had its price target lowered by Wells Fargo & Company from $160.00 to $150.00. They now have an “equal weight” rating on the stock.

PepsiCo Dividend Announcement

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

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.