Analysts Lift PepsiCo Targets After Q4 Beat and Snack Price Cuts

Overview

• PepsiCo reported Q4 net revenue growth of 5.6% and EPS of $1.85, citing productivity gains that expanded operating margins and supported double‑digit EPS growth.
• The company reaffirmed its 2026 outlook and said its annualized dividend will rise 4% starting with the June 2026 payment, marking a 54th consecutive yearly increase.
• PepsiCo confirmed targeted price reductions of up to nearly 15% on core snacks such as Lay’s, Doritos, Cheetos, and Tostitos ahead of the Super Bowl to improve accessibility and drive volume.
• UBS raised its price target to $190 with a Buy rating, while BofA lifted its target to $173 with a Neutral stance, reflecting a mixed but improving analyst view after the results.
• CEO Ramon Laguarta said more than 70% of the U.S. food portfolio is now in single‑serve sizes, with brand refreshes and lower‑sugar options aimed at adapting to shifting consumer preferences.