Form 8-K PEPSICO INC For: Oct 04

TD Cowen Downgrades Pepsico (PEP) to Hold

TD Cowen analyst Robert Moskow downgraded Pepsico (NASDAQ: PEP) from Buy to Hold with a price target of $183.00 (from $190.00).

The analyst comments "We downgrade PepsiCo to Hold and reduce our PT to $183. While we continue to view PEP as a top-tier CPG... More

Pepsico (PEP) PT Lowered to $183 at JPMorgan

JPMorgan analyst Andrea Teixeira lowered the price target on Pepsico (NASDAQ: PEP) to $183.00 (from $185.00) while maintaining a Neutral rating.

The analyst comments "We are updating our PepsiCo (PEP, Neutral rated) model following 3Q24 earnings results, Q&A conference call, and our... More

Wells Fargo Reiterates Equal Weight Rating on Pepsico (PEP)

Wells Fargo analyst Chris Carey reiterated an Equal Weight rating and $170.00 price target on Pepsico (NASDAQ: PEP).

The analyst comments "2025 - "optimism" vs "overhang" debate. PEP said 1) it didn't expect category growth to stay +1% into 2025, 2) it'd leverage PBNA/Int'l margins (productivity) to offset profit headwinds in FLNA, in our view, suggesting mgmt sees 2025 profit growth (even EPS +8%?) in scope. On the surface, positive (no EPS cuts per se); in reality, we have a feeling this "2025 optimism" could morph into a "2025 overhang" debate if trends don't improve, i.e., "could PEP guide... More

Goldman Sachs Reiterates Buy Rating on Pepsico (PEP)

Goldman Sachs analyst Bonnie Herzog reiterated a Buy rating and $192.00 price target on Pepsico (NASDAQ: PEP).

The analyst comments "Our View - PEP delivered mixed Q3 results, with softer than expected organic revenue growth that was more than offset by strong gross margin expansion, leading to a slight EPS beat relative... More

PepsiCo (PEP) Announces Retirement of Principal Accounting Officer

On October 4, 2024, Marie T. Gallagher, Senior Vice President and Controller (Principal Accounting Officer), notified PepsiCo (NASDAQ: PEP) of her intent to retire from PepsiCo. Ms. Gallaghers retirement will be effective May 3, 2025. Ms. Gallaghers retirement is not a result of any disagreement with... More