BNP Paribas Exane Cuts PepsiCo (NASDAQ:PEP) Price Target to $157.00

Key Points

• BNP Paribas Exane lowered PepsiCo’s price target from $161 to $157 while maintaining an “outperform” rating, implying roughly 24.6% upside from the stock’s $126 price.
• PepsiCo exceeded quarterly expectations with $2.34 in EPS and $25.27 billion in revenue, up 5.6% year over year, but lowered fiscal 2026 EPS guidance below analyst consensus amid inflation, higher input costs and North American weakness.
• Analyst sentiment remains cautious: PepsiCo has an average “Hold” rating and $146.25 consensus price target, while its shares have fallen near a 52-week low as beverage and snack volumes face pressure.

PepsiCo (NASDAQ:PEP - Get Free Report) had its target price cut by research analysts at BNP Paribas Exane from $161.00 to $157.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an "outperform" rating on the stock. BNP Paribas Exane's price objective would suggest a potential upside of 24.60% from the stock's current price.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. cut PepsiCo from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $170.00 to $138.00 in a research note on Tuesday, September 29th. Wells Fargo & Company cut their price target on PepsiCo from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Monday. Morgan Stanley set a $145.00 price objective on shares of PepsiCo in a report on Friday. Citigroup restated a "buy" rating on shares of PepsiCo in a research report on Friday. Finally, UBS Group cut their price target on shares of PepsiCo from $159.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, October 2nd. Six investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $146.25.

PepsiCo Stock Performance

NASDAQ:PEP traded down $2.34 during mid-day trading on Friday, hitting $126.00. 5,753,999 shares of the stock were exchanged, compared to its average volume of 8,067,769. The firm's 50-day simple moving average is $135.75 and its 200 day simple moving average is $143.17. The stock has a market capitalization of $171.98 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 2.81 and a beta of 0.35. PepsiCo has a fifty-two week low of $123.47 and a fifty-two week high of $171.48. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, October 8th. The company reported $2.34 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.05. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The business had revenue of $25.27 billion for the quarter, compared to analyst estimates of $24.95 billion. During the same period last year, the firm earned $2.29 earnings per share. PepsiCo's revenue for the quarter was up 5.6% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.344-8.425 EPS. As a group, equities analysts anticipate that PepsiCo will post 8.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP David Flavell sold 2,900 shares of PepsiCo stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $139.54, for a total value of $404,666.00. Following the sale, the executive vice president directly owned 74,825 shares in the company, valued at approximately $10,441,080.50. This trade represents a 3.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.12% of the company's stock.

Institutional Trading of PepsiCo

Several large investors have recently added to or reduced their stakes in PEP. Core Capital Management & Research inc. purchased a new stake in PepsiCo during the 2nd quarter valued at about $932,000. First Nebraska Trust Co bought a new stake in PepsiCo in the 1st quarter valued at $10,782,000. The Manufacturers Life Insurance Company boosted its holdings in shares of PepsiCo by 19.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,110,852 shares of the company's stock valued at $150,409,000 after purchasing an additional 177,468 shares during the last quarter. IFM Investors Pty Ltd grew its position in shares of PepsiCo by 4.8% during the first quarter. IFM Investors Pty Ltd now owns 273,135 shares of the company's stock valued at $42,415,000 after purchasing an additional 12,472 shares in the last quarter. Finally, State Street Corp lifted its position in shares of PepsiCo by 1.7% in the second quarter. State Street Corp now owns 60,406,932 shares of the company's stock worth $8,179,099,000 after buying an additional 987,582 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo reported adjusted third-quarter earnings of $2.34 per share, above the $2.29 analyst consensus, while revenue increased 5.6% year over year to $25.27 billion, also exceeding expectations. PepsiCo earnings top estimates, but company lowers full-year forecast
• Positive Sentiment: International markets delivered strong growth, and healthier snack offerings and improving North American snack volumes provided evidence that PepsiCo’s turnaround initiatives are beginning to gain traction.
• Positive Sentiment: Management plans additional cost reductions and increased investment in North America. The stock’s depressed valuation and sizeable dividend yield may also attract value-oriented investors. PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value
• Neutral Sentiment: PepsiCo is raising prices on Doritos, Ruffles, SunChips and some beverages after recently cutting prices. The increases could support revenue and offset inflation, but may further pressure demand among cost-conscious consumers. PepsiCo raising prices on snacks and sodas
• Negative Sentiment: PepsiCo lowered fiscal 2026 core EPS guidance to approximately $8.344–$8.425, below the roughly $8.56 consensus estimate, while citing higher input costs, inflation and continued North American weakness.
• Negative Sentiment: North American beverage and snack volumes remain challenged as consumers reduce soda consumption, seek lower-cost alternatives and shift toward less-processed foods. Analysts warn that PepsiCo may be losing beverage market share to Coca-Cola. PepsiCo is handing market share to Coca-Cola
• Negative Sentiment: Analyst caution and a downgrade pushed the shares to a new 12-month low, reinforcing concerns that the turnaround will take longer and that 2027 volume growth could remain limited.

PepsiCo Company Profile

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.

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