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PepsiCo $PEP

Consumer Staples · Soft Drinks & Non-alcoholic Beverages · NASDAQ

S&P 500 Nasdaq-100 Russell 1000 New York

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$134.02

+0.45 (+0.34%)

As of Oct 21, 2026, 2:59 AM EDT

Price history

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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Jul 6, 2026, the first target we tracked for PEP.

Key facts

52-week range (closes): $123.73 – $170.49 Lowest close Oct 7, 2026, highest Feb 6, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Fiscal year ends: December Fiscal 2025 ended Dec 27, 2025, from SEC filings
In the S&P 500 since: Mar 4, 1957 · All S&P 500 changes
In the Nasdaq-100 since: Jul 23, 2018, replacing Dish Network (DISH) · Dish Network did not meet the minimum monthly weight requirement. · All Nasdaq-100 changes
Analyst coverage: 18 open price targets from 12 firms: Barclays, BNP Paribas Exane, Citi, JPMorgan, RBC Capital Markets, TD Cowen, Goldman Sachs, Jefferies, Morgan Stanley, Piper Sandler, UBS, Wells Fargo Approved targets tracked here; see the analyst section below

PepsiCo (PEP) is trading up at $134.02 (+0.34%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Consumer Staples sector.

Analyst price targets on PEP

Current price targets from 12 firms average $145, median $145, ranging from $133 to $165 — the average is 8% above the current $134. Each is tracked to its date and scored the same way a member's call is.

Morgan Stanley $126 → $145 by Oct 2027 Oct 9, 2026 via MarketBeat · Morgan Stanley's track record
RBC Capital Markets $126 → $150 by Oct 2027 Sector Perform Oct 9, 2026 via MarketBeat · RBC Capital Markets's track record
JPMorgan $126 → $137 by Oct 2027 Neutral Oct 9, 2026 via MarketBeat · JPMorgan's track record
Citi $126 → $135 by Oct 2027 Neutral Oct 9, 2026 via MarketBeat · Citi's track record
BNP Paribas Exane $126 → $157 by Oct 2027 Outperform Oct 9, 2026 via MarketBeat · BNP Paribas Exane's track record
Piper Sandler $128 → $140 by Oct 2027 Overweight Oct 9, 2026 via TradingView · Piper Sandler's track record
TD Cowen $126 → $133 by Oct 2027 Hold Oct 9, 2026 via Investing.com India · TD Cowen's track record
Goldman Sachs $126 → $165 by Oct 2027 Buy Oct 9, 2026 via Investing.com UK · Goldman Sachs's track record
Jefferies $128 → $152 by Oct 2027 Hold Oct 8, 2026 via Investing.com Canada · Jefferies's track record
Wells Fargo $125 → $135 by Oct 2027 equal weight Oct 5, 2026 via marketbeat.com · Wells Fargo's track record
RBC Capital Markets $126 → $150 by Oct 2027 Oct 3, 2026 via Stocktwits · RBC Capital Markets's track record
Barclays $126 → $144 by Oct 2027 Equal Weight Oct 2, 2026 via Stocktwits · Barclays's track record

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

PepsiCo revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)

PepsiCo annual financial statements
	FY2016Dec 2016	FY2017Dec 2017	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$62.8B	$63.5B	$64.7B	$67.2B	$70.4B	$79.5B	$86.4B	$91.5B	$91.9B	$93.9B
Growth (year over year)	−0.4%	+1.2%	+1.8%	+3.9%	+4.8%	+12.9%	+8.7%	+5.9%	+0.4%	+2.3%
Gross profit	$34.6B	$34.7B	$35.3B	$37.0B	$38.6B	$42.4B	$45.8B	$49.6B	$50.1B	$50.9B
Gross margin	55.1%	54.7%	54.6%	55.1%	54.8%	53.3%	53.0%	54.2%	54.6%	54.1%
Operating income	$9.80B	$10.3B	$10.1B	$10.3B	$10.1B	$11.2B	$11.5B	$12.0B	$12.9B	$11.5B
Operating margin	15.6%	16.2%	15.6%	15.3%	14.3%	14.0%	13.3%	13.1%	14.0%	12.2%
Net income	$6.33B	$4.86B	$12.5B	$7.31B	$7.12B	$7.62B	$8.91B	$9.07B	$9.58B	$8.24B
Net margin	10.1%	7.6%	19.4%	10.9%	10.1%	9.6%	10.3%	9.9%	10.4%	8.8%
EPS (diluted)	$4.36	$3.38	$8.78	$5.20	$5.12	$5.49	$6.42	$6.56	$6.95	$6.00
Balance sheet
Cash and equivalents	$9.16B	$10.6B	$8.72B	$5.51B	$8.19B	$5.60B	$4.95B	$9.71B	$8.51B	$9.16B
Total assets	$73.5B	$79.8B	$77.6B	$78.5B	$92.9B	$92.4B	$92.2B	$100.5B	$99.5B	$107.4B
Total liabilities	$62.3B	$68.8B	$63.0B	$63.7B	$79.4B	$76.2B	$74.9B	$81.9B	$81.3B	$86.9B
Long-term debt	$30.1B	$33.8B	$28.3B	$29.1B	$40.4B	$36.0B	$35.7B	$37.6B	$37.2B	$42.3B
Shareholders' equity	$11.2B	$11.0B	$14.5B	$14.8B	$13.5B	$16.0B	$17.1B	$18.5B	$18.0B	$20.4B
Cash flow
Operating cash flow	$10.7B	$10.0B	$9.41B	$9.65B	$10.6B	$11.6B	$10.8B	$13.4B	$12.5B	$12.1B
Capital expenditure	$3.04B	$2.97B	$3.28B	$4.23B	$4.24B	$4.63B	$5.21B	$5.52B	$5.32B	$4.42B
Free cash flow	$7.62B	$7.06B	$6.13B	$5.42B	$6.37B	$6.99B	$5.60B	$7.92B	$7.19B	$7.67B
Dividends paid	$4.23B	$4.47B	$4.93B	$5.30B	$5.51B	$5.82B	$6.17B	$6.68B	$7.23B	$7.64B
Share buybacks	$3.00B	$2.00B	$2.00B	$3.00B	$2.00B	$106.0M	$1.50B	$1.00B	$1.00B	$1.00B

RevenueNet incomeNet margin (right axis, %)

PepsiCo quarterly financial statements
	Q4 FY24^†Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026	Q3 FY26Sep 2026
Income statement
Revenue	$27.8B	$17.9B	$22.7B	$23.9B	$29.3B	$19.4B	$24.2B	$25.3B
Growth (year over year)	−0.2%	−1.8%	+1.0%	+2.7%	+5.6%	+8.5%	+6.4%	+5.6%
Gross profit	$14.6B	$9.99B	$12.4B	$12.8B	$15.6B	$10.7B	$13.1B	$13.8B
Gross margin	52.6%	55.8%	54.7%	53.6%	53.2%	55.2%	54.2%	54.4%
Operating income	$2.25B	$2.58B	$1.79B	$3.57B	$3.56B	$3.21B	$4.02B	$4.26B
Operating margin	8.1%	14.4%	7.9%	14.9%	12.1%	16.5%	16.6%	16.9%
Net income	$1.52B	$1.83B	$1.26B	$2.60B	$2.54B	$2.33B	$2.98B	$3.05B
Net margin	5.5%	10.2%	5.6%	10.9%	8.7%	12.0%	12.3%	12.1%
EPS (diluted)	$1.11	$1.33	$0.92	$1.90	$1.85	$1.70	$2.18	$2.23
Balance sheet
Cash and equivalents	$8.51B	$8.27B	$7.63B	$8.13B	$9.16B	$10.5B	$10.3B	$10.7B
Total assets	$99.5B	$101.7B	$105.3B	$106.6B	$107.4B	$110.6B	$112.2B	$112.0B
Total liabilities	$81.3B	$83.2B	$86.8B	$87.0B	$86.9B	$89.1B	$89.9B	$89.5B
Long-term debt	$37.2B	$39.4B	$39.3B	$44.1B	$42.3B	$42.6B	$42.6B	$42.7B
Shareholders' equity	$18.0B	$18.4B	$18.4B	$19.4B	$20.4B	$21.4B	$22.1B	$22.3B
Cash flow
Operating cash flow	$6.29B	−$973.0M	$1.97B	$4.47B	$6.62B	$41.0M	$2.32B	$5.58B
Capital expenditure	$2.47B	$603.0M	$904.0M	$992.0M	$1.92B	$447.0M	$819.0M	$916.0M
Free cash flow	$3.82B	−$1.58B	$1.06B	$3.48B	$4.70B	−$406.0M	$1.50B	$4.67B
Dividends paid	$1.86B	$1.88B	$1.86B	$1.95B	$1.95B	$1.97B	$1.95B	$2.02B
Share buybacks	$240.0M	$183.0M	$311.0M	$258.0M	$248.0M	$182.0M	$297.0M	$260.0M

From PepsiCo's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

PepsiCo vs the Consumer Staples sector and the S&P 500

PepsiCo's latest reported figures next to the median of the other 33 S&P 500 Consumer Staples companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

PepsiCo compared with the median Consumer Staples company and the median S&P 500 company
Measure	PepsiCo	Consumer Staples (33 other S&P 500 companies)	S&P 500 (502 other companies)
Revenue growth, latest fiscal year	+2.3%	+2.1%	+7.0%
Net margin, latest fiscal year	8.8%	6.4%	13.0%
Dividend per share, latest fiscal year	$5.62	$2.04	$2.40
Share price change, 1 year	−12.5%	+8.2%	+6.9%

PepsiCo: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 21, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, PepsiCo included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 21, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 31/496, net margin 31/496, dividend per share 25/349, 1-year price change 32/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 25 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.

About PepsiCo

PepsiCo, Inc. is an American multinational food and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase. PepsiCo's business encompasses all aspects of the food and beverage market. It oversees the manufacturing, distribution, and marketing of its products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc., PepsiCo has since expanded from its namesake product Pepsi to a diversified range of food and beverage brands. Significant acquisitions include Tropicana Products in 1998, the Quaker Oats Company in 2001, which added the Gatorade brand to the Pepsi portfolio, and Pioneer Foods in 2020 for US$1.7 billion.

Source: Wikipedia — PepsiCo