Deutsche Bank Aktiengesellschaft Cuts PepsiCo (NASDAQ:PEP) Price Target to $169.00

PepsiCo (NASDAQ:PEP) had its target price cut by Deutsche Bank Aktiengesellschaft from $176.00 to $169.00 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Rothschild & Co Redburn increased their price objective on PepsiCo from $120.00 to $130.00 and gave the company a “sell” rating in a report on Tuesday, February 10th. Piper Sandler boosted their target price on shares of PepsiCo from $172.00 to $181.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Morgan Stanley increased their price target on shares of PepsiCo from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Friday, January 9th. Finally, TD Cowen upped their target price on shares of PepsiCo from $162.00 to $165.00 and gave the company a “hold” rating in a report on Friday, February 20th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $169.00.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $154.65 on Monday. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.67. The business has a 50-day moving average of $159.41 and a 200-day moving average of $150.36. The stock has a market capitalization of $211.40 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 2.99 and a beta of 0.39. PepsiCo has a fifty-two week low of $127.60 and a fifty-two week high of $171.48.

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

PepsiCo declared that its board has approved a share buyback program on Tuesday, February 3rd that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the company to purchase up to 4.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th were issued a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $5.69 annualized dividend and a yield of 3.7%. PepsiCo’s dividend payout ratio (DPR) is currently 94.83%.

Hedge Funds Weigh In On PepsiCo

Large investors have recently modified their holdings of the stock. J. Derek Lewis & Associates Inc. bought a new stake in shares of PepsiCo during the fourth quarter worth approximately $240,000. Purpose Unlimited Inc. acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $632,000. Cornerstone Planning LLC bought a new position in shares of PepsiCo during the fourth quarter worth approximately $2,644,000. Rockefeller Capital Management L.P. lifted its holdings in PepsiCo by 3.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 735,926 shares of the company’s stock worth $105,640,000 after purchasing an additional 22,497 shares during the last quarter. Finally, World Investment Advisors boosted its stake in PepsiCo by 14.0% in the 4th quarter. World Investment Advisors now owns 55,460 shares of the company’s stock valued at $7,960,000 after purchasing an additional 6,830 shares during the period. 73.07% of the stock is owned by institutional investors.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Sector rotation into defensive, dividend-rich names is helping demand for consumer staples like PepsiCo as recession odds rise; that cyclical defensive flow can support PEP’s valuation and dividend appeal. As Recession Odds Climb, Defensive Sectors Continue to Outperform (PEP)
• Positive Sentiment: Marketing and distribution wins — Pepsi Football Nation (global fan platform) and new Official Beverage Supplier deals for expanded Sunset Amphitheater venues — could increase beverage penetration at live events and boost away?from?home volumes. Is Pepsi Football Nation And New Venue Deals Reshaping the Investment Case For PepsiCo (PEP)?
• Positive Sentiment: PepsiCo is investing in sustainability and cost control — a ~US$4.8M solar installation for a UK distribution site reinforces energy-cost and ESG initiatives that can improve margins over time. Behind PepsiCo’s US$4.8m Investment in UK Solar
• Positive Sentiment: Analyst optimism and earnings momentum: PepsiCo’s track record of small earnings beats and analysts calling for another potential beat supports upside expectations. Will PepsiCo (PEP) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Some broker commentary remains constructive — a recent Deutsche Bank piece (3/31) highlighted upside to ~$169, signaling that some sell?side desks still see notable upside. PepsiCo Could Climb 10% to $169 as Deutsche Bank Rates the Stock a Buy
• Positive Sentiment: Long-term income investors continue to favor PEP — coverage highlighting PepsiCo as an outperforming Dividend Aristocrat supports steady demand from income-focused buyers. We Highlighted 3 Undervalued Dividend Aristocrats a Year Ago
• Neutral Sentiment: PepsiCo’s role at the Sustainability LIVE summit increases visibility on ESG strategy, but impacts are longer term and gradual for valuation. PepsiCo’s Sustainability Role At 2026 Summit And What It Means For Valuation
• Neutral Sentiment: Minor personnel moves in the consumer space (former PepsiCo exec joining a smaller brand) are noted but unlikely to move PEP shares materially. Brothers All Natural Lands Former PepsiCo Executive Melissa McCormack
• Neutral Sentiment: Industry consolidation (e.g., McCormick/Unilever foods merger) reshapes competitive dynamics in food aisles, but implications for PepsiCo are indirect and medium?term. McCormick and Unilever’s foods business just announced a spicy merger
• Negative Sentiment: Analyst downgrade/expectations cut — a report says Deutsche Bank lowered its expectations for PepsiCo, which can pressure the stock by reducing short?term sell?side support. Deutsche Bank Aktiengesellschaft Has Lowered Expectations for PepsiCo (NASDAQ:PEP)
• Negative Sentiment: Ongoing comparisons to Coca?Cola and articles arguing Coke is more attractive can shift investor preference away from PepsiCo in the near term. What Makes Coca-Cola More Attractive Than PepsiCo?

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.