PepsiCo (NASDAQ:PEP) Releases FY 2026 Earnings Guidance

PepsiCo (NASDAQ:PEP) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 8.550-8.710 for the period, compared to the consensus estimate of 8.550. The company issued revenue guidance of $97.7 billion-$99.6 billion, compared to the consensus revenue estimate of $97.1 billion.

PepsiCo Stock Performance

NASDAQ:PEP traded up $4.37 during trading hours on Tuesday, hitting $159.57. 3,559,554 shares of the company traded hands, compared to its average volume of 8,444,785. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo has a twelve month low of $127.60 and a twelve month high of $163.22. The firm has a 50-day moving average of $146.13 and a 200 day moving average of $145.67. The stock has a market capitalization of $218.19 billion, a price-to-earnings ratio of 30.34, a P/E/G ratio of 5.05 and a beta of 0.40.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.02. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $29.34 billion for the quarter, compared to the consensus estimate of $28.96 billion. During the same quarter in the previous year, the firm posted $1.96 EPS. The business’s revenue was up 5.6% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, analysts forecast that PepsiCo will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th were given a $1.4225 dividend. The ex-dividend date was Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.6%. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Loop Capital set a $164.00 price objective on PepsiCo in a research report on Thursday, October 23rd. Citigroup boosted their price target on shares of PepsiCo from $165.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. The Goldman Sachs Group raised their price objective on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Friday, October 10th. HSBC lifted their target price on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Finally, Exane BNP Paribas raised shares of PepsiCo from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average price target of $159.29.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Q4 beat and dividend lift — EPS and revenue topped Wall Street forecasts; organic growth accelerated and management raised the dividend, signaling cash?flow confidence. Read More.
• Positive Sentiment: $10 billion buyback and outlook backed — company backed its FY2026 outlook and authorized a sizable repurchase program, supporting EPS per?share durability. Read More.
• Neutral Sentiment: FY2026 guidance essentially reiterated — PepsiCo issued an EPS range (8.550–8.710) and revenue target roughly in line with consensus, so investors get clarity but limited upside from guidance alone. Read More.
• Neutral Sentiment: International beverages helped results — strength in sodas and low?sugar drinks overseas offset some U.S. softness, a mixed signal for regional exposure and margin mix. Read More.
• Negative Sentiment: Planned snack price cuts — PepsiCo will reduce prices on Doritos/Lay’s/Cheetos to improve affordability, which investors worry could pressure margins even if it drives volumes. Read More.
• Negative Sentiment: Shares fell in pre?market trading despite the beat — the market is signaling concern that the quality of growth/margin trajectory is weaker than headline beats suggest. Read More.
• Negative Sentiment: Ongoing snack weakness and GLP?1 commentary — analysts and commentators flagged Frito?Lay demand softness and potential structural headwinds from changing consumer behavior, increasing uncertainty for snack margins. Read More.

Institutional Trading of PepsiCo

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Imprint Wealth LLC bought a new position in shares of PepsiCo in the 3rd quarter valued at $31,000. Binnacle Investments Inc boosted its stake in shares of PepsiCo by 33.2% in the 2nd quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock valued at $38,000 after purchasing an additional 71 shares in the last quarter. Strive Asset Management LLC acquired a new position in PepsiCo during the 3rd quarter worth approximately $48,000. Wealth Watch Advisors INC acquired a new stake in PepsiCo in the third quarter valued at approximately $67,000. Finally, WFA of San Diego LLC bought a new stake in shares of PepsiCo during the second quarter worth $75,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Company Profile

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.