PepsiCo, Inc. (PEP) Stock Price & Analysis
PepsiCo, Inc. (PEP) closed at USD 138.83 on Thursday, October 22, 2026, up 3.07% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 134.7; the Oct 22, 2026 session ranged USD 134.85–138.99 on volume of 9,374,285 shares. Market capitalization is $189.19B, with a 52-week range of USD 123.47–171.48 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:26 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PEP.md
Latest Earnings Results (PEP)
| Fiscal period | EPS (reported) | Revenue | Released | Source |
|---|---|---|---|---|
| Q3 2026 | $2.34 (adjusted (non-GAAP) diluted) | $25.27B | Oct 7, 2026, 5:57:44 PM ET | SEC 8-K filing |
Reported actuals captured by Nexqual from SEC 8-K filings and company press releases; each figure confirmed by two independent extraction methods.
Key facts (PEP)
- Last four reported quarters (through Sep 5, 2026): revenue $98.2B, net income $10.9B (11.1% margin), free cash flow $10.5B (SEC filings).
- Valuation: P/E 17.4x (avg 23.9x at the last 3 fiscal year-ends), EV/EBITDA 12.3x, net debt $40.7B.
- 12 of 80 tracked superinvestors hold PEP (13F, Q2 2026 (1 investor on Q3 2026, filed early)): 0 new, 6 added, 3 reduced, 3 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $405K; 1 not under a Rule 10b5-1 plan ($405K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $23.7M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.71 on a 1–5 scale) (24 analysts), mean target USD 141.59 (range 106–169).
- Total return with dividends: 1Y -4.7% vs S&P 500 +14.9%; 5Y +2.1% vs S&P 500 +80.3%.
- Next earnings: 2026-10-08, EPS estimate USD 2.24, revenue estimate $30.4B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PEP)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $79.5B | $86.4B | $91.5B | $91.9B | $93.9B | $98.2B |
| Gross profit | $42.4B | $45.8B | $49.6B | $50.1B | $50.9B | — |
| Operating income | $11.2B | $11.5B | $12.0B | $12.9B | $11.5B | $15.1B |
| Net income | $7.62B | $8.91B | $9.07B | $9.58B | $8.24B | $10.9B |
| EPS (diluted) | $5.49 | $6.42 | $6.56 | $6.95 | $6.00 | — |
| Free cash flow | $6.99B | $5.60B | $7.92B | $7.19B | $7.67B | $10.5B |
| Gross margin | 53.3% | 53.0% | 54.2% | 54.6% | 54.1% | — |
| Operating margin | 14.0% | 13.3% | 13.1% | 14.0% | 12.2% | 15.3% |
| Net margin | 9.6% | 10.3% | 9.9% | 10.4% | 8.8% | 11.1% |
| Revenue growth | +12.9% | +8.7% | +5.9% | +0.4% | +2.3% | — |
| Cash + short-term investments | $5.99B | $5.35B | $10.0B | $9.27B | $9.53B | — |
| Total debt | $40.3B | $39.1B | $44.1B | $44.3B | $49.2B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Sep 5, 2026) (PEP)
P/E 17.4x · P/S 1.9x · EV/EBITDA 12.3x · EV/Sales 2.3x · P/FCF 18.1x · P/B 8.5x · FCF yield 5.53% · Earnings yield 5.76% · Dividend yield (paid, TTM) 4.17% · Buyback yield (TTM) 0.52% · Net debt $40.7B · EV $230B
P/E at fiscal year-ends: Dec 2025 23.9x, Dec 2024 21.9x, Dec 2023 25.9x.
Superinvestors (SEC 13F-HR, Q2 2026) (PEP)
12 of 80 tracked investors hold PEP (1 investor on Q3 2026, filed early). Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change | Quarter |
|---|---|---|---|---|---|
| Lindsell Train | 5.27% | $139M | Reduced -19.9% | Q2 2026 | |
| Yacktman Asset Management | 3.47% | $281M | Added +2.2% | Q2 2026 | |
| David Katz | Matrix Asset Advisors | 3.11% | $37.7M | Added +11.0% | Q3 2026 |
| Torray Funds | 2.67% | $19.8M | Added +7.6% | Q2 2026 | |
| Jensen Investment Management | 0.26% | $10.8M | Reduced -1.7% | Q2 2026 | |
| Thomas Gayner | Markel Group | 0.10% | $13.0M | Unchanged | Q2 2026 |
| Kahn Brothers | Kahn Brothers Group | 0.05% | $280K | Unchanged | Q2 2026 |
| First Eagle Investment | First Eagle Investment Management | 0.01% | $6.5M | Added +3.8% | Q2 2026 |
| Thomas Russo | Gardner Russo & Quinn | 0.01% | $1.2M | Reduced -1.0% | Q2 2026 |
| Mairs & Power | Mairs & Power Funds | 0.01% | $1.2M | Added +2.2% | Q2 2026 |
| Dodge & Cox Funds | Dodge & Cox | <0.01% | $416K | Unchanged | Q2 2026 |
| Bill Nygren | Oakmark Funds | <0.01% | $273K | Added +21.0% | Q2 2026 |
Insider sales (SEC Form 4, open-market, last ~7 months) (PEP)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-07-27 | Flavell David | EVP, Gen Counsel & Corp Sec | 2,900 | $405K | 3.7% | No | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (PEP)
1 purchase, $23.7M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-10-14 | Pohlad Robert C | Director | 184,646 | $23.7M | 128.28 | Too little history (no open-market trades in 2024 or 2025) |
Analysts (PEP)
Consensus Hold (mean 2.71 on a 1–5 scale), 24 analysts; mean target USD 141.59 (low 106, high 169).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Barclays | Target lowered | Equal-Weight | $133 → $126 |
| 2026-10-09 | Citigroup | Target lowered | Neutral | $142 → $135 |
| 2026-10-09 | JP Morgan | Target lowered | Neutral | $138 → $137 |
| 2026-10-09 | BNP Paribas | Target lowered | Outperform | $161 → $157 |
| 2026-10-09 | Piper Sandler | Target lowered | Overweight | $176 → $140 |
| 2026-10-09 | RBC Capital | Reiterated | Sector Perform | $150 |
| 2026-10-06 | RBC Capital | Target lowered | Sector Perform | $161 → $150 |
| 2026-10-05 | Wells Fargo | Target lowered | Equal-Weight | $140 → $135 |
| 2026-10-02 | UBS | Target lowered | Buy | $159 → $145 |
| 2026-10-01 | Barclays | Target lowered | Equal-Weight | $142 → $133 |
| 2026-09-30 | Evercore ISI Group | Target lowered | In-Line | $150 → $135 |
| 2026-09-29 | JP Morgan | Downgrade | Overweight → Neutral | $170 → $138 |
Total return (dividends reinvested) (PEP)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -4.7% | +2.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -4.7% | +0.4% |
| Volatility (annualized) | 21.1% | 18.4% |
| Max drawdown | -25.2% (Feb 2026→Oct 2026) | -29.8% (May 2023→May 2025) |
Companies that name PEP in their SEC reports
| Relationship to PEP | Company | Filing | Sentence |
|---|---|---|---|
| competitor | SANFILIPPO JOHN B & SON INC (JBSS) | 10-K Aug 19, 2026 | “In the bar industry, we compete with, among others, General Mills (Nature Valley brand), PepsiCo, Inc. (Quaker brand), Mondelez (CLIF brand), Kellanova (Nutrigrain brand), Mars (KIND and Nature's Bakery brands) as well as regional bar manufacturers.” |
| partner | UNITED BREWERIES CO INC (CCU) | 20-F Apr 29, 2026 | “principal licensing, distribution and / or joint venture agreements include Heineken Brouwerijen B.V., PepsiCo Inc., Seven-up International,” |
| partner | BEYOND MEAT, INC. (BYND) | 10-K Apr 9, 2026 | “In 2021, we entered into TPP, a joint venture with PepsiCo, Inc., to develop, produce and market innovative snack products made from plant-based protein.” |
| related | New Providence Acquisition Corp. III/Cayman (NPAC) | 10-K Mar 31, 2026 | “our Co-Chief Executive Officer and Co-Chairman since inception, has held senior management positions at PepsiCo, Red Bull, Big Red,” |
| competitor | Sow Good Inc. (SOWG) | 10-K Mar 31, 2026 | “Within the conventional packaged food category, our competitors include, but are not limited to, Nestlé S.A., The Hershey Company, Mars Inc., PepsiCo, Inc., Van Drunen Farms, Mondelēz International, Haribo.” |
| competitor | Oatly Group AB (OTLY) | 20-F Mar 13, 2026 | “Our competitors include consumer packaged goods companies such as Danone, PepsiCo and Coca-Cola, dairy companies and brands, such as Lactalis, Fonterra, Arla Foods, Chobani, Dean Foods and Lactaid (owned by Johnson & Johnson), plant-based dairy companies, such as Blue Diamond Growers, Califia Farms, Planet Oat, Ripple Foods, Oatside and Ecotone, new market entrants building lab-based products and private-label bra…” |
| partner | Ardagh Metal Packaging S.A. (AMBP) | 20-F Mar 5, 2026 | “For example, in 2025 Celsius made two acquisitions, purchasing Alani Nu in April 2025 and the Rockstar Energy brand in the U.S. and Canada from PepsiCo as part of a strategic partnership in August 2025.” |
| partner | Anheuser-Busch InBev SA/NV (BUD) | 20-F Mar 3, 2026 | “Our subsidiary Ambev has non-beer beverage operations in South America and the Caribbean, including a long-term agreement with PepsiCo, Inc. ("PepsiCo") whereby it has been granted the exclusive right to bottle, sell and distribute certain PepsiCo brands in Brazil, including Pepsi-Cola, Gatorade, H2OH!, and Lipton Ice Tea.” |
| partner | AMBEV S.A. (ABEV) | 20-F Mar 3, 2026 | “have a long-term agreement with PepsiCo whereby we have been granted the exclusive right to bottle, sell and distribute certain brands” |
| competitor | Monster Beverage Corp (MNST) | 10-K Feb 27, 2026 | “Our products compete with all liquid refreshments, including TCCC, PepsiCo, Inc. ("PepsiCo"), Keurig Dr. Pepper Inc. ("KDP") and Red Bull GmbH.” |
| supplier | SILGAN HOLDINGS INC (SLGN) | 10-K Feb 26, 2026 | “Our largest customers of our dispensing and specialty closures business include Beiersdorf AG, British American Tobacco AB, Campbell, The Coca-Cola Company, Colgate-Palmolive Company, Coty, Inc., Dairy Farmers of America, Estée Lauder Companies, The Kraft Heinz Company, or Kraft Heinz, L'Oréal S.A., LVMH Moët Hennessy Louis Vuitton, Mizkan Holdings Co., Ltd., Molson Coors Brewing Company, Natura & Co., Nestlé, O B…” |
| competitor | Zevia PBC (ZVIA) | 10-K Feb 25, 2026 | “Our competitors in the beverage market include category leaders such as The Coca-Cola Company, Keurig Dr. Pepper, PepsiCo, Inc., National Beverage Corp., Monster Energy, and Red Bull, as well as established naturally positioned soda brands like Virgils and Reeds and functional soda brands like Poppi and Olipop.” |
| competitor | Keurig Dr Pepper Inc. (KDP) | 10-K Feb 24, 2026 | “Our primary competitors include Coca-Cola, PepsiCo, Starbucks Corporation, The J.M.” |
| partner | BOSTON BEER CO INC (SAM) | 10-K Feb 24, 2026 | “In 2021, the Company entered a licensing agreement with PepsiCo, Inc. ("Pepsi").” |
| competitor | COCA COLA CO (KO) | 10-K Feb 20, 2026 | “In many of the countries in which we do business, PepsiCo, Inc. is a primary competitor.” |
PEP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $2.24 | $2.44 | -8.1% | $30.43B | 17 |
| Next quarter (ends Mar 2027) | $1.60 | $1.66 | -3.7% | $19.89B | 12 |
| Current fiscal year (ends Dec 2026) | $8.40 | $8.56 | -2.0% | $99.30B | 20 |
| Next fiscal year (ends Dec 2027) | $8.64 | $8.99 | -3.9% | $101.77B | 23 |
PEP options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 26.0% | ±3.1% |
| Nov 6, 2026 | 14 | 20.6% | ±3.4% |
| Nov 13, 2026 | 21 | 22.3% | ±4.4% |
| Nov 20, 2026 | 28 | 21.6% | ±4.9% |
| Nov 27, 2026 | 35 | 21.9% | ±5.5% |
| Dec 4, 2026 | 42 | 21.6% | ±6.4% |
| Dec 18, 2026 | 56 | 21.7% | ±7.1% |
| Jan 15, 2027 | 84 | 21.7% | ±8.5% |
30-day implied volatility 22% vs 22.6% realized over the last 30 trading days. Put/call ratio (volume) 0.57. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:26 UTC)
| Price | USD 138.83 |
|---|---|
| Change | ▲ 3.07% (up) |
| Previous Close | USD 134.7 |
| Open | USD 136.29 |
| Day Range | USD 134.85 – 138.99 |
| 52-Week Range | USD 123.47 – 171.48 |
| Volume | 9,374,285 shares |
| Market Cap | $189.19B |
| Exchange | NMS |
Technical Analysis (PEP)
Nexqual's technical model rates PEP "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:26 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 67.95 (neutral) |
| vs SMA50 | Above (USD 134.21) |
| MACD | 0.53 (positive) |
Analyst Ratings (PEP)
Wall Street analysts rate PEP "Hold" based on 24 analysts, with a mean price target of USD 141.59 (range USD 106–169), per Nexqual as of October 23, 2026 at 09:26 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 24 |
| Mean Target | USD 141.59 |
| High Target | USD 169 |
| Low Target | USD 106 |
| Buy / Hold / Sell | 6 / 17 / 1 |
Earnings (PEP)
| Next Earnings Date | 2026-10-08 |
|---|---|
| EPS Estimate | USD 2.24 |
| Revenue Estimate | $30.43B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 2.34 vs est 2.3 ▲ beat |
| 2026-06-30 | USD 2.2 vs est 2.21 ▼ miss |
| 2026-03-31 | USD 1.61 vs est 1.55 ▲ beat |
| 2025-12-31 | USD 2.26 vs est 2.24 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financials & Fundamentals (PEP)
| Total Revenue | $98.24B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +5.60% |
| Gross Margin | +54.33% |
| Operating Margin | +16.88% |
| Profit Margin | +11.09% |
| ROE | +52.19% |
| Debt / Equity | 2.31 |
| Current Ratio | 0.94 |
| Total Cash | $11.16B |
| Total Debt | $51.88B |
| Free Cash Flow (last four quarters to Sep 2026, SEC 10-Q / 10-K) | $10.47B (10.7% of revenue) |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financial Health Score (PEP)
Nexqual rates PepsiCo, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:26 UTC.
| Growth | Mixed — Revenue +2.3% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 54%, operating 17% (last 12 months) |
| Balance Sheet | Critical — $11.2B cash and investments vs $51.9B debt (Sep 2026, SEC) |
| Cash Flow | Solid — FCF $10.5B (last 4 quarters to Sep 2026, SEC), 11% margin |
| Efficiency | Strong — ROE 52%, ROA 9.0% |
Ownership (PEP)
| Insider Ownership | +0.18% |
|---|---|
| Institutional Ownership | +81.28% |
| Shares Outstanding | 1.36B |
| Float | 1.36B |
| Short % of Float | +1.90% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Leadership (PEP)
PepsiCo, Inc. is led by Ramon Luis Laguarta, Chairman & CEO, per Nexqual as of October 23, 2026 at 09:26 UTC.
| Chairman & CEO | Ramon Luis Laguarta |
|---|---|
| Executive Vice President & CFO | Stephen T. Schmitt |
Major Backers & Investors (PEP)
Notable institutional backers of PepsiCo, Inc. include Invesco, Charles Schwab Investment Management, Inc., JPMorgan, according to Nexqual as of October 23, 2026 at 09:26 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Invesco | 3.07% |
| Charles Schwab Investment Management, Inc. | 2.57% |
| JPMorgan | 2.18% |
| Morgan Stanley | 1.9% |
| Charles Schwab | 1.61% |
| Bank of America Corporation | 1.45% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 9.01% |
| BlackRock | 8.42% |
| State Street | 4.3% |
| Geode Capital | 2.49% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MNST | Monster Beverage Corporation | USD 47.3 | ▲ 1.44% |
| KO | Coca-Cola Company (The) | USD 95.34 | ▲ 2.87% |
| CCEP | Coca-Cola Europacific Partners | USD 114.23 | ▲ 3.57% |
| KDP | Keurig Dr Pepper Inc. | USD 35.19 | ▲ 2.09% |
| COKE | Coca-Cola Consolidated, Inc. | USD 214.93 | ▲ 2.5% |
| PRMB | Primo Brands Corporation | USD 20.14 | ▲ 0.55% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:26 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt