PEP
PepsiCo, Inc.
$134.02
+0.34% 2026-10-20
Consumer StaplesS&P 500
PEPSPY
1W
+5.3%
1M
+3.3%
3M
+0.3%
6M
-11.6%
YTD
-3.8%
1Y
-9.2%
Live chart
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Grades vs sector
Momentum32nd pct in sectorC-
Momentum
32nd pct in sector
12-1 return: -9.7%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Growth65th pct in sectorB
Growth
65th pct in sector
Revenue growth (YoY): +5.6%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Value52nd pct in sectorC+
Value
52nd pct in sector
Forward E/P: 6.6% · EBITDA/EV: 8.7%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Profitability85th pct in sectorA-
Profitability
85th pct in sector
Profit margin: +11.1% · Return on equity: +52.2%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
RevisionsNot enough data yet–
Revisions
Not enough data yet
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.
30-day change in analysts' current-year EPS estimate; graded across covered stocks.
Our models
Not held by any of our 5 live models right now.
Quality Growth
rank 50 of 360 · Composite (0-1) 0.7
Momentum Top 15rank 306 of 499 · 12-1 momentum % 2.9
Momentum Blendnot in the current book
New Highs Growthnot ranked (outside this model's universe or screens)
Conviction 20not in the current book
News
More newsDow Jones Leader Coca-Cola Breaks Out As Stock Market Volatility Ramps Up
Investor's Business Daily · 6h ago
Coca-Cola Is Up 35% This Year: Take Profits, or Hold On for the Ride?
24/7 Wall St. · 7h ago
Pepsi Is in Bigger Trouble Thank You Think
24/7 Wall St. · 9h ago
4 Dividend Kings Retirees Can Buy and Hold Forever: Safe Income for the Next 60 Years
24/7 Wall St. · 14h ago
Coca-Cola’s KFC Win Is About More Than Soda
Barrons.com · Oct 19
Key stats
Market cap$182.6B
P/E (trailing)16.9
P/E (forward)15.5
52-week range123.47 – 171.48
Revenue growth (YoY, latest qtr)+5.6%
Dividend yield4.43%
Analyst consensusHold (22)
Mean price target$141.59 (+6%)
Valuation and fundamentals
Valuation & fundamentals
Bottom line
Leans undervalued
Model read-out from the numbers below, not advice. Score +2 (DCF counts double).
▲DCF (base case)above the price by 78%
•Forward P/E vs sector15.5x vs median 14.5x
•Piotroski F-score5/9
▲Altman Z3.5 (safe)
•Net debt / EBITDA2.2x
•Analyst target+6% (22 analysts)
Discounted cash flow
Bear
$124
-8%
growth -1% · disc. 8.0% · term. 2.0%
Base
$239
+78%
growth 4% · disc. 7.0% · term. 2.5%
Bull
$445
+232%
growth 7% · disc. 6.0% · term. 3.0%
A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.
Reverse DCFfor context, not a signal
A normal DCF guesses future cash flows and works out a price. A reverse DCF runs it backwards: it starts from today's price and asks how fast free cash flow would have to grow to justify it. It tells you what the market is assuming, not whether the stock is cheap or expensive, and it is not a buy or sell signal. Glossary
Today's price implies shrinking cash flows: about -2% a year for 10 years.
Implied
-2%/yr
FCF, last 3 yrs
+4%/yr
FCF, last 5 yrs
+3%/yr
Revenue, last 3 yrs
+3%/yr
Revenue, last 5 yrs
+6%/yr
Same inputs as the DCF above: trailing free cash flow 14.6B, 7.0% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–
Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-09-05). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.36 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.
Multiples vs Consumer Staples
P/E (trailing)
cheaper
sector median 23.5× · 27th pct
16.9×cheaper
Forward P/E
pricier
sector median 14.5× · 58th pct
15.5×pricier
EV / EBITDA
pricier
sector median 11.9× · 51st pct
12.0×pricier
Price / sales
pricier
sector median 1.1× · 64th pct
1.9×pricier
Price / book
pricier
sector median 3.1× · 83rd pct
8.2×pricier
FCF yield
cheaper
sector median 6.5% · 70th pct
8.0%cheaper
Forward EPS $8.64 vs trailing $7.95 (+9% expected growth). Forward P/E uses analysts' next-12-month estimate.
Quality & financial health
Gross margin
54.2%
Operating margin
15.3%
FCF margin
14.8%
Net margin
11.1%
Return on equity
48.9%
Return on invested capital
18.7%
Net debt / EBITDA
2.2×
Current ratio
0.9×
Interest cover
13.6×
Cash conversion (OCF/NI)
1.3×
Piotroski F-score 5/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✗ Long-term debt / assets fell✓ Current ratio improved✓ No share dilution✗ Gross margin improved✗ Asset turnover improved
Altman Z-score 3.5 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.
Analysts
Mean target
$142
+6%
Analysts
22
Hold
Range
$106–$169
low – high
● price · ◆ mean target
Annual history
| FY | Revenue | Net income | Free cash flow |
|---|---|---|---|
| 2025 | $93.9B | $8.2B | $12.1B |
| 2024 | $91.9B | $9.6B | $12.5B |
| 2023 | $91.5B | $9.1B | $13.4B |
| 2022 | $86.4B | $8.9B | $10.8B |
| 2021 | $79.5B | $7.6B | $11.6B |
| 2020 | $70.4B | $7.1B | $10.6B |
From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +2.8%.
Earnings
Next report: 2027-02-02 · before open · EPS est 2.24
EstimateActual (beat)Actual (miss)
| Report | EPS est | Actual | Surprise |
|---|---|---|---|
| 2026-10-08 | 2.30 | 2.34 | +1.9% |
| 2026-07-09 | 2.21 | 2.20 | -0.4% |
| 2026-04-16 | 1.55 | 1.61 | +3.8% |
| 2026-02-03 | 2.24 | 2.26 | +1.0% |
| 2025-10-09 | 2.26 | 2.29 | +1.3% |
| 2025-07-17 | 2.03 | 2.12 | +4.5% |
| 2025-04-24 | 1.49 | 1.48 | -0.8% |
| 2025-02-04 | 1.94 | 1.96 | +0.9% |
Quarterly revenue
| Quarter | Revenue | YoY |
|---|---|---|
| 2026-06-30 | $24.2B | +6.4% |
| 2026-03-31 | $19.4B | – |
| 2025-12-31 | $29.3B | – |
| 2025-09-30 | $23.9B | – |
| 2025-06-30 | $22.7B | – |
Analyst actions
Barclays
PT $126
2026-10-12 · main
Equal-Weight → Equal-WeightPT $126
Citigroup
PT $135
2026-10-09 · main
Neutral → NeutralPT $135
JP Morgan
PT $137
2026-10-09 · main
Neutral → NeutralPT $137
BNP Paribas
PT $157
2026-10-09 · main
Outperform → OutperformPT $157
Piper Sandler
PT $140
2026-10-09 · main
Overweight → OverweightPT $140
RBC Capital
PT $150
2026-10-09 · reit
Sector Perform → Sector PerformPT $150
Recent dividends
2026-09-04: $1.480 · 2026-06-05: $1.480 · 2026-03-06: $1.423 · 2025-12-05: $1.423 · 2025-09-05: $1.423 · 2025-06-06: $1.423 · 2025-03-07: $1.355 · 2024-12-06: $1.355
Insider trades
Pohlad Robert C
$10.8M
Director · 2026-10-14
BUY$10.8M
Pohlad Robert C
$5.8M
Director · 2026-10-14
BUY$5.8M
Pohlad Robert C
$5.8M
Director · 2026-10-14
BUY$5.8M
Pohlad Robert C
$1.3M
Director · 2026-10-14
BUY$1.3M
Flavell David
$404.7K
EVP, Gen Counsel & Corp Sec · 2026-07-27
SELL$404.7K
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Stats refreshed 2026-10-20 18:03:17 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now
coteauCoteau Systematic Strategies publishes stock research and model portfolios. It doesn't manage money or give investment advice. Results are hypothetical unless marked Live. Data: Yahoo Finance (delayed) and SEC EDGAR.