PepsiCo (PEP) Stock News

JP Morgan reduced its price target for PepsiCo from $138.00 to $137.00.

BNP Paribas lowered its price target for PepsiCo from $161.00 to $157.00.

Piper Sandler lowered its price target for PepsiCo from $176.00 to $140.00 per share.

RBC Capital has maintained its price target for PepsiCo at $150.00 per share.

PepsiCo CEO Ramon Laguarta told employees that all costs not tied to growth will be eliminated. The company cut its full-year profit outlook and is identifying structural cost cuts with urgency. Q3 earnings beat estimates but North America profitability is under pressure from rising costs. Shares rose 3.7% after hitting the lowest level since April 2020.

PepsiCo Q3 core EPS $2.34 vs est $2.29, net rev $25.27B vs est $24.96B. Organic rev growth 3.1% missed 3.8% est. FY organic rev growth guidance ~3% vs est 4.2%. Structural cost cuts planned.

PepsiCo reports Q3 before Thursday's open. Analysts expect net income $3.11B, adj EPS $2.29, revenue $24.95B. Shares down 14% in three months. Company plans price increases on chips, dips, sodas. Also $1B Colombia investment. CEO noted Iran war impact on consumer behavior.

PepsiCo recalled 122,021 cases of Gatorade due to undeclared Yellow No. 6 and/or Yellow No. 5 dye. The voluntary recall, initiated Sept. 25, covers certain Lemon Lime, Lemon Lime Zero, Orange, and Orange Zero drinks. PepsiCo has also committed to removing certain dyes from Gatorade by fall 2026.

Deutsche Bank lowered PepsiCo (PEP) to Hold from Buy, setting a $138 price target. The previous rating was Buy.

Deutsche Bank lowered its rating on PepsiCo to Hold from Buy. No price target was disclosed.

Deutsche Bank downgraded PepsiCo to Hold from Buy. The price target was cut to $138 from $155.

PepsiCo is planning to raise prices on select chips, dips, and sodas.

PepsiCo is expected to increase prices on grocery-store-sized bags of Doritos, SunChips, and Ruffles that had been cut earlier this year, along with some soda and dips, according to Bloomberg.