Barclays cuts target for PepsiCo stock to USD 133.00

Published on 10/02/2026 at 16:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PepsiCo revenue hit USD 24.18 billion in second quarter of 2026. PepsiCo stock costs EUR 111.24 on October 2, 2026 after EUR 111.83.

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PepsiCo (US7134481081) was trading at EUR 111.24 at Lang & Schwarz on October 2, 2026 at 4:34 p.m. CEST, minus 0.53 percent versus the prior close of EUR 111.83. Barclays cut its PepsiCo price target from USD 142.00 to USD 133.00 on September 30, 2026, adding another cautious signal before the next earnings report.

Barclays cuts target to USD 133

According to MarketBeat on September 30, 2026, Barclays lowered the target from USD 142.00 to USD 133.00. The same report put the analyst consensus at Hold, with five Buy ratings, fourteen Hold ratings and one Sell rating, alongside a consensus target of USD 151.70.

J.P. Morgan made the sharper recent move. As Yahoo Finance reported on September 29, 2026, the bank downgraded PepsiCo from Overweight to Neutral and reduced its target from USD 170.00 to USD 138.00. J.P. Morgan also cut its fiscal 2027 earnings-per-share estimate from USD 9.05 to USD 8.86.

Second-quarter growth meets a weak spot

PepsiCo generated USD 24.18 billion in revenue in the second quarter of 2026, up 6.40 percent from the year-earlier period. Halifax reported that core earnings per share rose 4.00 percent to USD 2.20, one cent above consensus.

The operating picture was uneven. PepsiCo Foods North America revenue fell 2.00 percent to USD 6.37 billion in the second quarter, while the company maintained its 2026 outlook for organic revenue growth of 2.00 percent to 4.00 percent and core constant-currency earnings-per-share growth of 4.00 percent to 6.00 percent.

October 8 results set the next test

PepsiCo is scheduled to publish third-quarter 2026 results before the US market opens on October 8, 2026. Boerse Express reported that Deutsche Bank cut its rating from Buy to Hold and reduced its target from USD 155.00 to USD 138.00 on September 28, 2026. The combination of the October report and the North American snack decline makes volume, pricing and cost savings the key figures to watch.

Lang & Schwarz quote on October 2

PepsiCo stock was trading at EUR 111.24 at Lang & Schwarz on October 2, 2026 at 4:34 p.m. CEST, down 0.53 percent from the Lang & Schwarz prior close of EUR 111.83 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of PepsiCo stock.