Barclays cuts target for PepsiCo stock from USD 133 to USD 126

Published on 10/15/2026 at 09:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PepsiCo cut 2026 core earnings growth guidance to 2.50-3.50 percent. PepsiCo stock costs EUR 116.03 on October 15, 2026 versus EUR 115.50.

Target cuts and earnings outlook

Barclays lowered its PepsiCo target from USD 133.00 to USD 126.00 on October 15, 2026.
Third-quarter net revenue reached USD 25.27 billion, up 5.60 percent year over year.
PepsiCo stock trades at EUR 116.03 at 9:41 a.m. CEST at Lang & Schwarz on October 15, 2026, 0.46 percent above the Xetra close of October 14, 2026.
The next scheduled ex-dividend date is December 5, 2026, at USD 1.48 per share.

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PepsiCo (ISIN US7134481081) had its stock target cut by Barclays from USD 133.00 to USD 126.00, according to StockObserver on October 15, 2026. PepsiCo stock was at EUR 116.03 at Lang & Schwarz at 9:41 a.m. CEST, 0.46 percent above the Xetra close of October 14, 2026 at EUR 115.50.

Barclays lowers its target

The Barclays move adds to a sequence of lower expectations after PepsiCo reported third-quarter results on October 8, 2026. The target cut came with an equal-weight rating, according to StockObserver, while the report also cited earlier target reductions by other analysts.

Yahoo Finance reported on October 11, 2026 that Goldman Sachs lowered its target from USD 180.00 to USD 165.00 and retained a Buy rating. The contrast is clear: sales growth held up, but margin pressure weakened the earnings outlook.

What does the guidance cut mean?

PepsiCo reported third-quarter net revenue of USD 25.27 billion, up 5.60 percent from USD 23.94 billion a year earlier, while adjusted earnings per share rose 2.00 percent to USD 2.34, according to CNBC on October 8, 2026. The company reduced fiscal 2026 core earnings per share growth guidance to 2.50 percent to 3.50 percent from the previous 5.00 percent to 7.00 percent range.

The official release filed with the SEC also showed core operating margin contracting 35 basis points in the third quarter. North American beverage volume fell 2.00 percent, while global beverage volume rose 3.00 percent, making regional execution the central earnings issue.

Three dates define the reset

On September 30, 2026, Evercore had cut its target from USD 150.00 to USD 135.00, according to StockObserver. On October 8, 2026, PepsiCo reported USD 25.27 billion in third-quarter revenue and reduced its fiscal outlook, according to the SEC release. On October 15, 2026, Barclays cut its target from USD 133.00 to USD 126.00, according to StockObserver.

Next shareholder date

The next scheduled shareholder cash event is the December 5, 2026 ex-dividend date at USD 1.48 per share, according to Strasmore. The scheduled date is followed by a January 6, 2027 payment date.

PepsiCo stock stays tied to margins

The latest results show a quantified split between resilient international demand and weaker North American execution. For investors, the target reductions make the margin outlook more important than the revenue beat.

PepsiCo stock was trading at EUR 116.03 at Lang & Schwarz on October 15, 2026 at 9:41 a.m. CEST, 0.46 percent above the Xetra close of October 14, 2026 at EUR 115.50. The further course of trading is shown by the continuously updated real-time quote of PepsiCo stock.