PepsiCo stock faces a Hold consensus before October 8 results

Published on 10/05/2026 at 13:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PepsiCo stock reflects JPMorgan's target cut from USD 170 to USD 138 on September 29, 2026. Second-quarter revenue rose 6.4 percent to USD 24.2 billion, while 20 analysts kept a Hold consensus.

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PepsiCo (ISIN US7134481081) was last at USD 125.89 on Nasdaq on October 2, 2026, at 4:00 p.m. ET, up 0.23 percent from the prior close. The latest analyst action came on September 29, when JPMorgan cut its price target from USD 170 to USD 138 and moved its rating from Overweight to Neutral, according to MarketBeat.

JPMorgan cuts target to USD 138

The change leaves JPMorgan's new target USD 12.11 above PepsiCo's October 2 price. That equals 9.6 percent above the price, calculated from USD 138 and USD 125.89, while the rating shift points to less confidence in the turnaround's near-term upside.

The same MarketBeat report lists 20 covering analysts with a Hold consensus and an average price target of USD 152.90. The consensus target lies 21.5 percent above the October 2 price, a wider gap than JPMorgan's revised target but still dependent on a stronger operating trajectory.

Q2 revenue rose 6.4 percent

PepsiCo's fiscal second-quarter 2026 revenue rose 6.4 percent to USD 24.2 billion from USD 22.7 billion, according to StockTitan. GAAP operating profit increased to USD 4.0 billion from USD 1.8 billion, while core operating profit grew 4 percent.

Diluted EPS reached USD 2.18 in fiscal Q2 2026, compared with USD 0.92 in the prior-year quarter, and core EPS rose 4 percent to USD 2.20. The figures show a sharp earnings comparison, but the operating-profit improvement partly reflected the prior year's impairment charges, making the underlying margin trend more important for the next report.

October 8 is the next test

PepsiCo is scheduled to publish fiscal third-quarter results on October 8, 2026, according to AnaChart. The published estimate calls for USD 2.30 in earnings per share and USD 25.0 billion in revenue, placing the upcoming release against the fiscal Q2 base of USD 24.2 billion.

For investors, the central tension is visible in the numbers: PepsiCo delivered 6.4 percent revenue growth in fiscal Q2, yet the analyst consensus remains Hold after several target reductions. North American snack demand, pricing execution and productivity savings are therefore key markers for the October report.

PepsiCo stock stays near its yearly low

PepsiCo stock was last at USD 125.89 on Nasdaq on October 2, 2026. Its 52-week range was USD 125.16 to USD 171.48, and its market capitalization was USD 172.0 billion on that date.