PepsiCo (NASDAQ:PEP) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

09 Jul 2026, 13:58 by Mitch Edgeman · The Markets Daily

PepsiCo (NASDAQ:PEP – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.01, FiscalAI reports. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The firm had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year.

PepsiCo Trading Down 1.7%

Shares of PepsiCo stock opened at $142.51 on Thursday. The business has a 50-day moving average price of $146.14 and a 200-day moving average price of $151.63. The firm has a market cap of $194.78 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.92 and a beta of 0.36. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. PepsiCo has a twelve month low of $132.96 and a twelve month high of $171.48.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were issued a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend was Friday, June 5th. PepsiCo’s payout ratio is presently 92.94%.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

Positive Sentiment: PepsiCo beat revenue expectations, with global demand and international markets offsetting weaker North American sales. 5 Things to Know Before the Stock Market Opens on Thursday
Positive Sentiment: Investors appear to be rewarding signs that PepsiCo’s turnaround efforts, including pricing actions and product changes, are helping stabilize performance. PepsiCo Stock Rises After Earnings Beat as Turnaround Plan Takes Hold

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Bank of America lowered their target price on PepsiCo from $173.00 to $164.00 and set a “neutral” rating on the stock in a research report on Thursday, June 25th. The Goldman Sachs Group raised their price objective on PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. UBS Group lowered their price objective on PepsiCo from $186.00 to $172.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $178.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, July 1st. Finally, Wall Street Zen cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $164.40.

Check Out Our Latest Analysis on PEP

Institutional Trading of PepsiCo

A number of large investors have recently made changes to their positions in PEP. Swiss RE Ltd. purchased a new position in PepsiCo in the 4th quarter worth about $28,000. Imprint Wealth LLC bought a new position in PepsiCo in the 3rd quarter worth about $31,000. Binnacle Investments Inc increased its position in shares of PepsiCo by 33.2% during the second quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock worth $38,000 after acquiring an additional 71 shares during the period. Strive Asset Management LLC bought a new stake in shares of PepsiCo during the third quarter valued at approximately $48,000. Finally, Wealth Watch Advisors INC purchased a new stake in shares of PepsiCo in the third quarter valued at approximately $67,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Company Profile

(Get Free Report)

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.