Piper Sandler Cuts PepsiCo (PEP) Price Target to $140
Piper Sandler maintains its Overweight rating on PepsiCo and sets a new target price of $140, a 7.57% upside from the current price.
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Piper Sandler cut its price target on PepsiCo, Inc. ($PEP) to $140 from $176 on October 9, 2026, and rates the stock "Overweight".
Since the rating, $PEP is up 4.4% after 1 week and up 4.4% to date (from the $125.97 close on Oct 9, 2026).
PEP
PepsiCo, Inc.
Key Points
- Piper Sandler reiterated its Overweight rating on PepsiCo, Inc. with a target price of $140.00 on October 9, 2026.
- Piper Sandler's $140 price target implies 7.57% upside from PepsiCo, Inc.'s ($PEP) current $130.15 share price.
- The stock recently traded around $130.15, which is 7% below Piper Sandler's new target.
- Other analysts, including Citigroup and JP Morgan, also maintained Neutral ratings with targets of $135.00 and $137.00, respectively.
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Piper Sandler has reiterated its Overweight rating on PepsiCo, Inc. (NasdaqGS: PEP) and set a new price target of $140.00 on October 9, 2026. This is a decrease from the previous target of $176.00. The stock recently traded around $130.15, which is about 7% below the new target set by Piper Sandler.
Other Institutional Activity in PepsiCo
Several other institutional investors have also been active with PepsiCo shares. Blackrock Inc. grew its holdings by 2,444,175 shares, ending with 118,281,854 shares worth about $15.6 billion. Vanguard Capital Management LLC added 452,906 shares, bringing its total to 89,257,968 shares valued at approximately $11.7 billion. State Street Corporation increased its stake by 986,381 shares, now holding 60,406,932 shares worth about $7.9 billion. Invesco Ltd. added 2,371,196 shares, totaling 43,113,398 shares valued at around $5.7 billion. Lastly, Vanguard Portfolio Management LLC increased its holdings by 703,597 shares, ending with 37,159,425 shares worth about $4.9 billion.
PepsiCo, Inc. Stock Up 1.4%
PepsiCo shares recently traded at $130.15, which is below the new target price of $140.00 set by Piper Sandler. The stock has shown resilience in the market, but it currently sits below the analyst's expectations. This comes after a strong performance, with PepsiCo's revenue growing by 6.4% year over year.
$PEP price target
PepsiCo, Inc. daily closes and this analyst's $140 target. Not advice.
Recent Earnings
In its latest earnings report, PepsiCo generated $96.9 billion in revenue over the trailing twelve months. The company reported an earnings per share (EPS) of $7.63, reflecting a solid performance in its sector. PepsiCo's net margin stands at 10.8%, and its return on equity (ROE) is an impressive 51.5%. The next earnings report is scheduled for October 27, 2026.
Insider Buying and Selling at PepsiCo, Inc.
Recent insider transactions include Chief Executive Officer Ramon L. Laguarta, who sold 27,945 shares on March 2, 2026, at an average price of $167.39, totaling about $4.7 million. General Counsel David James Flavell sold 2,900 shares on July 27, 2026, at an average price of $139.54, totaling about $404,674.
Analysts Set New Price Targets
On the same day as Piper Sandler's announcement, Citigroup maintained a Neutral rating with a target of $135.00, down from $142.00. JP Morgan also kept a Neutral rating with a target of $137.00, slightly down from $138.00. Additionally, BNP Paribas maintained an Outperform rating with a target of $157.00, down from $161.00. The consensus among analysts currently favors a Neutral rating with varied target prices, reflecting mixed sentiments in the market.
About PepsiCo
PepsiCo, Inc. is a global leader in the beverage and snack industries, producing a wide range of products that include soft drinks and convenient foods. The company operates through multiple segments, including North American beverages and foods, as well as international markets. PepsiCo's strong brand portfolio and extensive distribution network support its continued growth in the competitive consumer defensive sector.
Bottom Line
Investors should keep an eye on PepsiCo's upcoming earnings report on October 27, 2026, as well as any further updates from analysts. Piper Sandler's reiteration of its Overweight rating suggests confidence in the company's long-term prospects despite the recent price adjustments.
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Source: Piper Sandler's rating change on $PEP (Oct 9, 2026). Written by software, not financial advice. How we make alerts