BNP Paribas Exane Has Lowered Expectations for PepsiCo (NASDAQ:PEP) Stock Price

Key Points

• BNP Paribas Exane cut PepsiCo’s price target from $195 to $183, while keeping an outperform rating on the stock. The new target still implies roughly 26.6% upside from the previous close.
• PepsiCo shares were trading around $144.52, down 0.3% on the day. The stock remains below its recent moving averages and sits well off its 12-month high of $171.48.
• Analysts remain mixed on PepsiCo, with the overall consensus at Hold and an average price target of $164.40. The company is also approaching its next earnings report, which could influence sentiment further.

PepsiCo (NASDAQ:PEP - Get Free Report) had its target price dropped by research analysts at BNP Paribas Exane from $195.00 to $183.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. BNP Paribas Exane's price objective points to a potential upside of 26.63% from the stock's previous close.

Several other research analysts have also issued reports on the company. TD Cowen reduced their price target on PepsiCo from $165.00 to $150.00 and set a "hold" rating on the stock in a research report on Friday, June 12th. UBS Group reduced their target price on PepsiCo from $186.00 to $172.00 and set a "buy" rating on the stock in a report on Thursday, July 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of PepsiCo in a research report on Monday. 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. Finally, Rothschild & Co Redburn increased their target price on shares of PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $164.40.

PepsiCo Trading Down 0.3%

PEP stock traded down $0.46 during midday trading on Wednesday, reaching $144.52. The stock had a trading volume of 1,943,526 shares, compared to its average volume of 7,820,631. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. PepsiCo has a twelve month low of $132.96 and a twelve month high of $171.48. The firm has a market cap of $197.53 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 2.89 and a beta of 0.36. The business has a fifty day simple moving average of $146.38 and a two-hundred day simple moving average of $151.68.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same quarter last year, the firm earned $1.48 EPS. The company's revenue for the quarter was up 8.5% on a year-over-year basis. As a group, research analysts expect that PepsiCo will post 8.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Evergreen Advisors LLC acquired a new position in PepsiCo during the 1st quarter worth approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in PepsiCo in the fourth quarter valued at $26,000. Swiss RE Ltd. acquired a new stake in PepsiCo in the 4th quarter valued at $28,000. MH & Associates Securities Management Corp ADV acquired a new position in shares of PepsiCo during the 4th quarter worth about $29,000. Finally, Networth Advisors LLC increased its position in shares of PepsiCo by 2,857.1% in the first quarter. Networth Advisors LLC now owns 207 shares of the company's stock valued at $32,000 after acquiring an additional 200 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Investors are positioning for PepsiCo’s Q2 2026 earnings on July 9, expecting clues on whether pricing changes, product simplification, and new product launches are helping volumes recover. Pepsi Stock: Buy Before Q2 Earnings or Is Coca-Cola the Better Investment?
• Positive Sentiment: Recent coverage suggests PepsiCo is benefiting from optimism that its turnaround gains are holding, which has helped support the stock before results. PepsiCo Rises Ahead of Q2 Results as Investors Bet Turnaround Gains Are Holding
• Positive Sentiment: Media reports that PepsiCo is trying again with Quaker drinks in the U.S. could signal new product and brand-support opportunities if the relaunch gains traction with consumers. PepsiCo tries again with Quaker drinks in US
• Neutral Sentiment: JPMorgan lowered its price target on PepsiCo, reflecting a more cautious near-term view, though the stock still has support from dividend-focused investors. PepsiCo (PEP) Price Target Trimmed at JP Morgan. Here is Why
• Neutral Sentiment: Several articles highlight that PepsiCo is about to report earnings, which is keeping the stock active, but the actual market reaction will likely depend on the results and guidance. Here's How Much PepsiCo Stock Is Expected to Move After Earnings

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.

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