Goldman cuts target for PepsiCo stock from USD 180 to USD 165

Published on 10/12/2026 at 11:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue rose 5.60 percent to USD 25.27 billion in fiscal 2026. PepsiCo stock costs EUR 112.70 on October 12, 2026 versus EUR 112.24.

Key points in brief

Goldman Sachs lowered its PepsiCo price target from USD 180.00 to USD 165.00 on October 8, 2026, while retaining a Buy rating.
PepsiCo reported fiscal third-quarter 2026 revenue of USD 25.27 billion, up 5.60 percent year over year.
PepsiCo stock was at EUR 112.70 at Lang & Schwarz on October 12, 2026, 0.41 percent above the October 9 Xetra close of EUR 112.24.
The next scheduled dividend ex-date is December 5, 2026, with a payment date of January 6, 2027.

Aquarellillustration von Snackchips und Crackern aus einer schlichten Papiertüte neben einem Glas Eisgetränk in warmen Pastelltönen, weiches Wasserfarben-Papier sichtbar — PepsiCo US7134481081 als Aquarellillustration mit anonymen Snacks und Erfrischungsgetränk auf texturiertem hellem Papier, Illustration mit AI erstellt.

Goldman Sachs analyst Bonnie Herzog lowered the price target for PepsiCo stock from USD 180.00 to USD 165.00 on October 8, 2026, while retaining a Buy rating, according to Markets Insider. The lower target followed PepsiCo's fiscal third-quarter results and a reduced full-year profit outlook.

Results beat expectations

PepsiCo reported fiscal third-quarter 2026 net revenue of USD 25.27 billion, up 5.60 percent from USD 23.94 billion in the prior-year quarter, according to PepsiCo. GAAP earnings per share rose 17.00 percent to USD 2.23, while core earnings per share increased 2.00 percent to USD 2.34.

CNBC reported that adjusted earnings per share of USD 2.34 exceeded the USD 2.29 consensus estimate, while revenue topped the USD 24.96 billion estimate. International markets supplied the stronger operating backdrop, while North American beverages recorded a 2.00 percent volume decline.

Three results shaped the year

On December 5, 2025, PepsiCo's quarterly dividend was USD 1.42 per share, according to Simply Wall St. PepsiCo reported fiscal second-quarter 2026 revenue of USD 24.18 billion on July 9, 2026, before reporting fiscal third-quarter revenue of USD 25.27 billion on October 8, 2026, according to Hyper Stocks.

What does the target cut signal?

Goldman's USD 15.00 reduction leaves the target 28.70 percent above the USD 128.34 Nasdaq reference price cited in the analyst report. The contrast is clear: PepsiCo delivered 5.60 percent reported revenue growth in the fiscal third quarter, but its updated fiscal 2026 core constant-currency earnings-per-share growth outlook is only 1.00 percent to 2.00 percent, versus the previous low end of 4.00 percent to 6.00 percent, according to Markets Insider.

Next shareholder dates

PepsiCo's next scheduled dividend ex-date is December 5, 2026, and the associated payment date is January 6, 2027, according to Strasmore. The dates give income-focused shareholders a concrete calendar marker after the October earnings reset.

Stock price and valuation

PepsiCo was trading at EUR 112.70 at Lang & Schwarz on October 12, 2026 at 11:48 a.m. CEST, 0.41 percent above the Xetra close of October 9, 2026 at EUR 112.24. The primary Nasdaq listing was last at USD 125.97 on October 9, 2026, with a USD 123.47 to USD 171.48 52-week range and USD 172.1 billion market capitalization.

The further course of trading is shown by the continuously updated real-time quote of PepsiCo stock.