Wall Street analyst estimates for PepsiCo, Inc. (PEP): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
PepsiCo, Inc. is a global enterprise that creates, promotes, and supplies a diverse array of drinks and easy-to-prepare food items across the globe. Its operations are structured into seven primary divisions: Frito-Lay North America, Quaker Foods North America, PepsiCo Beverages North America, Latin America, Europe, Africa/Middle East/South Asia, and the Asia Pacific, Australia, New Zealand, and China Region.
Consensus price target
$142.38 (+4 % vs price $137.34)
between $132.00 and $165.00 · 12 targets published in the last quarter
Closing price, Oct 30
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $99.3B | $99.1B – $99.5B | $8.39 | 11 |
| 2027E | $102B | $101B – $103B | $8.57 | 13 |
| 2028E | $105B | $103B – $108B | $9.05 | 7 |
Figures in USD · consensus as of October 29, 2026
Analyst Consensus
| Strong Buy | 1 |
| Buy | 13 |
| Hold | 31 |
| Sell | 1 |
| Strong Sell | 0 |
| Total analysts | 46 |
| Avg rating (−2 sell to +2 buy) | 0.30 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-02-02 | $2.24 | ||
| 2026-10-08 | $2.34 | $2.29 | +2.2% |
| 2026-07-09 | $2.20 | $2.19 | +0.5% |
| 2026-04-16 | $1.61 | $1.54 | +4.5% |
| 2026-02-03 | $2.26 | $2.24 | +0.9% |
| 2025-10-09 | $2.29 | $2.26 | +1.3% |
| 2025-07-17 | $2.12 | $2.03 | +4.4% |
| 2025-04-24 | $1.48 | $1.49 | -0.7% |
Valuation Ratios
| P/E Ratio | 17.25 |
| Price / Book | 8.40 |
| Dividend Yield | 4.23% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $62.80B | $63.52B | $64.66B | $67.16B | $70.37B | $79.47B | $86.39B | $91.47B | $91.85B | $93.92B |
| Cost of Revenue | $28.22B | $28.80B | $29.38B | $30.13B | $31.80B | $37.08B | $40.58B | $41.88B | $41.74B | $43.07B |
| Gross Profit | $34.58B | $34.73B | $35.28B | $37.03B | $38.58B | $42.40B | $45.82B | $49.59B | $50.11B | $50.86B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $24.77B | $24.45B | $25.17B | $26.74B | $28.45B | $31.24B | $34.46B | $36.68B | $37.19B | $37.37B |
| Operating Expenses | $24.77B | $24.45B | $25.17B | $26.74B | $28.50B | $31.24B | $34.30B | $37.60B | $37.22B | $39.36B |
| Operating Income | $9.80B | $10.28B | $10.11B | $10.29B | $10.08B | $11.16B | $11.51B | $11.99B | $12.89B | $11.50B |
| EBITDA | $12.26B | $13.12B | $13.11B | $12.68B | $12.74B | $14.90B | $14.92B | $15.75B | $16.68B | $15.54B |
| Interest Expense | $1.34B | $1.15B | $1.52B | $935.0M | $1.13B | $1.86B | $939.0M | $819.0M | $919.0M | $1.12B |
| Pre-tax Income | $8.55B | $9.60B | $9.19B | $9.31B | $9.07B | $9.82B | $10.71B | $11.42B | $11.95B | $10.24B |
| Income Tax | $2.17B | $4.69B | -$3.37B | $1.96B | $1.89B | $2.14B | $1.73B | $2.26B | $2.32B | $1.95B |
| Net Income | $6.33B | $4.86B | $12.52B | $7.31B | $7.12B | $7.62B | $8.91B | $9.07B | $9.58B | $8.24B |
| EPS | $4.39 | $3.42 | $8.84 | $5.23 | $5.14 | $5.51 | $6.46 | $6.59 | $6.98 | $6.03 |
| EPS (Diluted) | $4.36 | $3.38 | $8.78 | $5.20 | $5.11 | $5.48 | $6.42 | $6.56 | $6.95 | $6.00 |
| Shares Outstanding (Diluted) | 1,452.0 M | 1,438.0 M | 1,425.0 M | 1,407.0 M | 1,392.0 M | 1,389.0 M | 1,387.0 M | 1,383.0 M | 1,378.0 M | 1,373.0 M |
Price
| Price | $137.34 (closing price, October 30, 2026) |
| Market Cap | $187.2B |
| Exchange | NASDAQ |
| Country | US |
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Explore sector: Consumer Defensive · Beverages - Non-Alcoholic
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