PepsiCo stock: Piper Sandler cuts target to USD 140.00 from USD 176.00 for PepsiCo stock

Published on 10/20/2026 at 17:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter operating profit reached USD 4.26 billion. PepsiCo stock costs EUR 119.29 on October 20, 2026, up 1.09 percent versus the Xetra close.

Analyst target and margins

Piper Sandler lowered its PepsiCo target to USD 140.00 from USD 176.00 on October 9, 2026.
Third-quarter operating profit reached USD 4.26 billion, while the operating margin was 16.90 percent.
PepsiCo stock costs EUR 119.29 at Lang & Schwarz on October 20, 2026 at 5:01 p.m. CEST, 1.09 percent above the Xetra close of October 19, 2026.
PepsiCo traded at a trailing P/E ratio of 16.85 and had a USD 182.8 billion market capitalization.

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PepsiCo (US7134481081) is trading at EUR 119.29 at Lang & Schwarz on October 20, 2026 at 5:01 p.m. CEST, up 1.09 percent versus the Xetra close of October 19, 2026 at EUR 118.00. On October 9, 2026, Piper Sandler lowered its price target for PepsiCo from USD 176.00 to USD 140.00 while maintaining an Overweight rating, as Investing.com reported. The new target stood 4.35 percent above the USD 134.16 Nasdaq price at 11:04 a.m. ET on October 20, 2026.

Quarterly profit reached USD 4.26 billion

PepsiCo's third-quarter 2026 operating profit rose 19 percent year over year to USD 4.26 billion, while the operating margin expanded to 16.90 percent from 14.90 percent. The company also reported core operating profit of USD 4.28 billion, up 3 percent year over year, according to its PepsiCo release dated October 8, 2026.

Stock remains inside its yearly range

The Nasdaq price of USD 134.16 was 8.69 percent above PepsiCo's 52-week low of USD 123.47 and 21.76 percent below its high of USD 171.48 on October 20, 2026. The euro quotation's 52-week range was EUR 109.90 to EUR 144.66 as of October 19, 2026, placing EUR 119.29 closer to the lower end of that interval.

Valuation and dates matter

PepsiCo carried a trailing P/E ratio of 16.85 and a 4.00 percent dividend yield on October 20, 2026, with a market capitalization of USD 182.8 billion. The October 8, 2026 results release said the company expected fiscal 2026 core earnings per share growth of 2.50 percent to 3.50 percent, compared with the low end of its previous 5.00 percent to 7.00 percent range.

Comparison with peers

PepsiCo: up 1.09 percent versus the Xetra close, P/E 16.85, market capitalization USD 182.8 billion.

The Coca-Cola Company (NYSE, USD): down 0.37 percent, P/E 27.98, market capitalization USD 400.4 billion.

Keurig Dr Pepper Inc. (Nasdaq, USD): up 0.77 percent, P/E 35.04, market capitalization USD 47.3 billion.

The target leaves limited room

Piper Sandler's USD 140.00 target was 4.35 percent above the USD 134.16 Nasdaq price, while the lower valuation multiple reflects the firm's more cautious earnings assumptions. The euro quotation remained 1.29 euros above the October 19 Xetra close.

PepsiCo was trading at EUR 119.29 at Lang & Schwarz on October 20, 2026 at 5:01 p.m. CEST, 1.09 percent above the Xetra close of October 19, 2026 at EUR 118.00. The further course of trading is shown by the continuously updated real-time quote of PepsiCo stock.