PepsiCo (NASDAQ:PEP) Upgraded to “Hold” at Sanford C. Bernstein

Posted by Caroline Horne on Jun 13th, 2026

Sanford C. Bernstein upgraded shares of PepsiCo (NASDAQ:PEP – Free Report) to a hold rating in a research note published on Thursday morning,Zacks.com reports.

Several other brokerages also recently issued reports on PEP. Wells Fargo & Company decreased their target price on PepsiCo from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, June 5th. Evercore lifted their target price on PepsiCo from $165.00 to $170.00 in a research note on Friday, April 17th. Piper Sandler decreased their target price on PepsiCo from $181.00 to $178.00 and set an “overweight” rating on the stock in a research note on Friday. Barclays lifted their target price on PepsiCo from $154.00 to $158.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Finally, HSBC lifted their target price on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $167.35.

Read Our Latest Analysis on PepsiCo

PepsiCo Stock Up 0.4%

PEP stock opened at $144.27 on Thursday. PepsiCo has a twelve month low of $127.60 and a twelve month high of $171.48. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. The stock has a market cap of $197.18 billion, a P/E ratio of 22.65, a PEG ratio of 2.60 and a beta of 0.35. The business’s 50-day moving average price is $151.11 and its 200-day moving average price is $152.37.

PepsiCo (NASDAQ:PEP – Get Free Report) last posted its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm had revenue of $19.44 billion for the quarter, compared to analysts’ expectations of $18.89 billion. During the same period in the previous year, the firm earned $1.48 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities research analysts forecast that PepsiCo will post 8.63 EPS for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s dividend payout ratio is presently 92.94%.

Institutional Trading of PepsiCo

A number of large investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its holdings in shares of PepsiCo by 3.6% in the 3rd quarter. Captrust Financial Advisors now owns 554,798 shares of the company’s stock worth $77,916,000 after purchasing an additional 19,218 shares during the period. Swiss Life Asset Management Ltd boosted its holdings in shares of PepsiCo by 11.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock worth $59,600,000 after purchasing an additional 42,335 shares during the period. Murphy Middleton Hinkle & Parker Inc. boosted its holdings in shares of PepsiCo by 622.3% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 35,603 shares of the company’s stock worth $5,110,000 after purchasing an additional 30,674 shares during the period. Allstate Corp boosted its holdings in PepsiCo by 108.1% during the 4th quarter. Allstate Corp now owns 104,723 shares of the company’s stock valued at $15,030,000 after acquiring an additional 54,405 shares during the period. Finally, NEOS Investment Management LLC boosted its holdings in PepsiCo by 65.8% during the 3rd quarter. NEOS Investment Management LLC now owns 577,111 shares of the company’s stock valued at $81,049,000 after acquiring an additional 229,121 shares during the period. 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 continues to expand its autonomous freight network with Gatik, a move that could improve logistics efficiency and help address staffing challenges in hard-to-serve routes. How PepsiCo’s Driverless Freight Rollout With Gatik (PEP) Has Changed Its Investment Story
Positive Sentiment: The company also highlighted sustainability-focused farmer financing through Compeer Financial, which supports PepsiCo’s supply chain and long-term agricultural sourcing strategy. Compeer Financial Collaborates with PepsiCo to Provide Strip-Till Equipment Financing
Neutral Sentiment: PepsiCo was included in a Q1 review of beverage, alcohol, and tobacco stocks, but the article was primarily a peer comparison and did not indicate a major new catalyst. Beverages, Alcohol, and Tobacco Stocks Q1 In Review: PepsiCo (NASDAQ:PEP) Vs Peers
Neutral Sentiment: Analyst estimate changes were modest, with Erste Group trimming FY2027 EPS slightly to $9.14 from $9.15, suggesting limited impact on the outlook.
Negative Sentiment: TD Cowen cut its price target on PepsiCo to $150 from $165 and kept a hold rating, signaling more cautious near-term sentiment on the stock. TD Cowen adjusts PepsiCo price target to 150 from 165
Negative Sentiment: Piper Sandler also lowered its price target on PepsiCo to $178 from $181, reinforcing the view that analysts see only limited upside from here. Piper Sandler adjusts price target on PepsiCo to 178 from 181

About PepsiCo

(Get Free Report)

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.