PepsiCo (NASDAQ:PEP) Upgraded by Argus to “Hold” Rating

PepsiCo (NASDAQ:PEP) was upgraded by analysts at Argus to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages also recently commented on PEP. JPMorgan Chase & Co. upped their target price on PepsiCo from $164.00 to $176.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Wells Fargo & Company boosted their price objective on PepsiCo from $154.00 to $165.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Piper Sandler increased their target price on PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 9th. BNP Paribas Exane set a $191.00 target price on PepsiCo in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $156.00 price target on shares of PepsiCo in a research report on Wednesday, February 4th. 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. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and an average price target of $167.83.

PepsiCo Stock Performance

PepsiCo stock opened at $164.39 on Tuesday. The company has a market cap of $224.66 billion, a PE ratio of 27.40, a P/E/G ratio of 3.09 and a beta of 0.40. PepsiCo has a 12 month low of $127.60 and a 12 month high of $171.48. The company has a fifty day moving average price of $150.65 and a two-hundred day moving average price of $147.62. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.67.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Monday, February 2nd. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. The company had revenue of $29.34 billion for the quarter, compared to the consensus estimate of $28.96 billion. During the same period last year, the firm posted $1.96 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Research analysts expect that PepsiCo will post 8.3 earnings per share for the current year.

PepsiCo announced that its board has approved a share repurchase program on Tuesday, February 3rd that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 4.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On PepsiCo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEP. Brighton Jones LLC lifted its holdings in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after buying an additional 6,574 shares during the period. Caxton Associates LLP bought a new stake in PepsiCo in the first quarter worth about $251,000. Sivia Capital Partners LLC lifted its holdings in PepsiCo by 138.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock valued at $862,000 after acquiring an additional 3,790 shares during the last quarter. Schnieders Capital Management LLC. boosted its position in shares of PepsiCo by 10.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock valued at $5,039,000 after purchasing an additional 3,502 shares in the last quarter. Finally, Retirement Planning Group LLC grew its stake in shares of PepsiCo by 5.4% in the 2nd quarter. Retirement Planning Group LLC now owns 3,957 shares of the company’s stock worth $522,000 after purchasing an additional 202 shares during the last quarter. 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: PepsiCo is pushing health-forward innovation with a national rollout of a prebiotic soda and a push into fiber snacks — moves that diversify the beverage/snack mix and target growing better-for-you demand. PepsiCo Bets On Prebiotic Cola And Fiber Snacks To Sustain Growth
• Positive Sentiment: Separate coverage highlights the national launch of PepsiCo’s prebiotic soda, signaling broader distribution and marketing support that could help accelerate adoption. Beverage buzz: PepsiCo launches its prebiotic soda nationally
• Positive Sentiment: PepsiCo ran its first creator-led product launch aimed at Gen Z to reimagine snack formats and drive cultural relevance — a strategic marketing push that could support share gains with younger consumers. PepsiCo’s first creator-led product launch reimagines chips for Gen Z
• Positive Sentiment: Dividend-focused coverage notes PepsiCo’s March-quarter dividend payment and its long streak of increases, reinforcing income credibility and appeal to yield-seeking investors. Retirees Are Quietly Accumulating This 8% Dividend Grower With a Half-Century of Increases
• Neutral Sentiment: Management presented at the Consumer Analyst Group of New York conference (transcript), reiterating strategy around brand mix, pricing and productivity — useful detail for modelling but no major guidance shock reported. PepsiCo, Inc. (PEP) Presents at Consumer Analyst Group of New York Conference 2026 Transcript
• Neutral Sentiment: Slides from PepsiCo’s CAGNY presentation are available for deeper investor review of product pipeline, marketing spend and margin levers — important for longer-term conviction but not an immediate catalyst. PepsiCo, Inc. (PEP) Presents at Consumer Analyst Group of New York Conference 2026 – Slideshow
• Negative Sentiment: PepsiCo said it will cut prices on Cheetos, Doritos and other snacks after consumer backlash — a near-term risk to gross margins and pricing power that could weigh on profitability if promotions persist. PepsiCo to cut prices on Cheetos, Doritos, and more following consumer backlash

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.