PepsiCo, Inc. (NASDAQ:PEP) will release earnings results for the third quarter, before the opening bell on Thursday, Oct. 9.
Analysts expect the Purchase, New York-based company to report quarterly earnings at $2.26 per share, down from $2.31 per share in the year-ago period. PepsiCo projects quarterly revenue of $23.86 billion, compared to $23.32 billion a year earlier, according to data from Benzinga Pro.
Last month, activist investor Elliott Investment Management took a roughly $4 billion stake in PepsiCo, making it one of the company's top five active shareholders.
PepsiCo shares fell 0.2% to close at $141.98 on Friday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
- Barclays analyst Lauren Lieberman maintained an Equal-Weight rating and cut the price target from $144 to $140 on Oct. 3, 2025. This analyst has an accuracy rate of 59%.
- Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and slashed the price target from $154 to $150 on Sept. 25, 2025. This analyst has an accuracy rate of 59%.
- UBS analyst Peter Grom maintained a Buy rating and cut the price target from $175 to $170 on Sept. 11, 2025. This analyst has an accuracy rate of 54%.
- Morgan Stanley analyst Dara Mohsenian maintained an Equal-Weight rating and increased the price target from $153 to $165 on July 18, 2025. This analyst has an accuracy rate of 70%.
- JP Morgan analyst Andrea Teixeira maintained a Neutral rating and cut the price target from $150 to $139 on July 10, 2025. This analyst has an accuracy rate of 60%.
Considering buying PEP stock? Here’s what analysts think:
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