Citigroup Rates PepsiCo (PEP) buy, $170 Price Target

Citigroup maintains its buy rating on PepsiCo, Inc. with a $170 price target, a 23.22% upside from the current price.

By EarningsIQ Research Desk · Published Jun 25, 2026, 8:08 PM EDT · Updated Jun 30, 2026, 8:02 AM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Citigroup rated PepsiCo, Inc. ($PEP) "buy" with a $170 price target on June 25, 2026.

Since the rating, $PEP is up 3.4% after 1 week, up 0.2% after 1 month and down 4.8% to date (from the $138.05 close on Jun 25, 2026).

PEP PepsiCo, Inc.

$131.49 -4.74% year to date

Daily close · Oct 16, 2026

Key Points

Citigroup reiterated its buy rating for PepsiCo, Inc. (PEP) with a price target of $170 on June 25, 2026.
Citigroup's $170 price target implies 23.22% upside from PepsiCo, Inc.'s ($PEP) current $137.96 share price.
PepsiCo's stock traded near $139.5 on Friday, with a market cap of $192.3 billion and a P/E ratio of 22.05.
Insiders bought PepsiCo shares in June 2026, while analysts have mixed ratings with a consensus hold.

Get $PEP trade alerts by text

We text you when insiders, Congress or big funds trade $PEP. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated PepsiCo, Inc. alert may contain errors. Disclosures

Citigroup has reiterated its buy rating for PepsiCo, Inc. (NasdaqGS: PEP), maintaining a price target of $170. Analyst Filippo Falorni confirmed this stance on June 25, 2026. Shares of PepsiCo traded near $139.5 on Friday.

Analyst rating track record

Citigroup vs. the S&P 500

YTD return -4.79% hypothetical

All-time return +28.94% S&P 500 +29.04%

vs. S&P 500 -0.10% behind the index

Hypothetical returns from Citigroup's disclosed trades, not real profit or advice. How we model this.

PepsiCo, Inc. Stock Up 7.5%

Shares of NasdaqGS:PEP traded around $139.5 on Friday. PepsiCo, Inc. boasts a market capitalization of approximately $192.3 billion and has a P/E ratio of 22.05. The stock's 52-week range is between $127.6 and $171.48, with a 50-day moving average of $150.28 and a 200-day moving average of $150.23. PepsiCo's beta is relatively low at 0.359, reflecting lower volatility compared to the market.

12-month forecast

$PEP price target

PepsiCo, Inc. daily closes and this analyst's $170 target. Not advice.

Recent Earnings

PepsiCo reported revenue of about $95.4 billion with a revenue growth rate of 8.5%. The company's earnings per share (EPS) stands at $6.38, and it has a net margin of 9.15% with a return on equity (ROE) of 43.88%. The next earnings report is expected on July 9, 2026.

Dividend

PepsiCo pays an annual dividend rate of $5.92, yielding 4.17%. The dividend payout ratio is 89.32%, indicating a significant portion of earnings being returned to shareholders.

Insider Buying and Selling at PepsiCo, Inc.

Several insiders made purchases of PepsiCo stock in early June 2026. Jennifer Bailey, David Gibbs, Susan Diamond, and Daniel Vasella bought shares at an average price of $141.52. These transactions were not part of any pre-planned trading scheme.

Analysts Set New Price Targets

On June 25, 2026, Citigroup maintained its buy rating on PepsiCo with a $170 price target. On the same day, B of A Securities kept a hold rating with a $164 target. Earlier, Deutsche Bank also maintained a buy rating with a $168 target on June 18, 2026. The consensus among analysts is a hold, with an average target price of $168.27 based on 22 opinions.

About PepsiCo, Inc.

PepsiCo, Inc. is a global leader in the beverages and snacks industry, headquartered in Purchase, New York. The company operates through various segments including North American Beverages and Foods, as well as international divisions covering Europe, Latin America, and Asia Pacific. Led by CEO Ramon Luis Laguarta, PepsiCo employs approximately 306,000 people worldwide. The company is known for its diverse product range, including iconic brands such as Pepsi, Mountain Dew, Lay's, and Quaker.

Bottom Line

Citigroup's reiterated buy rating and $170 price target underscore ongoing confidence in PepsiCo's growth potential. Investors often track such analyst ratings as part of their broader assessment of a company's prospects. As with all 13F filings and analyst reports, these insights reflect historical positions and opinions, which may evolve over time.