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UPDATED: Nov 11, 2025

Stock Analysis

PEP Logo
PepsiCo
NASDAQ:PEP
$142.62
-$0.33 |-0.23%
Day Range:
$141.26 - $143.02
Market Cap:
194.74B
P/E Ratio:
27.1141
Avg Value:
$146.37
Year Range:
$127.60 - $165.13
1
General Information
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others.

The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 58% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US, but uses bottlers overseas for beverages. International markets made up 40% of both total sales and operating profits in 2024.

2
PepsiCo (PEP) Stock Graph
3
How We Grade PepsiCo (PEP)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade PepsiCo (PEP) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

40.23

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

23.69

Value is a percentile-ranked composite metric that evaluates a stock's relative worth by comparing its market price to fundamental measures of the company's assets, earnings, sales, and operating performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

Quality is a composite ranking that evaluates a company's operational efficiency and financial health by analyzing historical profitability metrics and fundamental strength indicators on a percentile basis relative to peers.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Peer Ratings

See how PepsiCo compares to its peers in these key performance metrics from Benzinga Rankings.

Top Peers
Value
Quality
Growth
Momentum
Short
Medium
Long
KOCoca-Cola
16.85
37.4
59.97
48.43
MNSTMonster Beverage
19.07
15.13
52.1
75.17
CCEPCoca-Cola Europacific
24.79
68.37
52.71
57.97
KDPKeurig Dr Pepper
26.36
27.09
43.16
14.84
Short: price trend over the last couple of months
Medium: price trend over the last couple of quarters
Long: price trend over the past year
Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
6
Future Growth
Our estimate of future price growth is based on an aggregation of 8 analyst ratings over the past 3 months and their 12-month price targets.

Below, you can see that analysts are estimating a 12-month price target range of $140.00 - $170.00 with an average of $155.00

8.83%
Expected movement for PepsiCo (PEP) over the next 12 months
Based on these rankings

Recent Ratings for PepsiCo (PEP)

Freedom Capital Markets
Date:
Oct 23, 2025
Action:
Downgrades
Prev. Target:
$170.00
New Target:
$164.00
Wells Fargo
Date:
Oct 10, 2025
Action:
Maintains
Prev. Target:
$150.00
New Target:
$154.00
JP Morgan
Date:
Oct 6, 2025
Action:
Maintains
Prev. Target:
$157.00
New Target:
$151.00
Barclays
Date:
Oct 3, 2025
Action:
Maintains
Prev. Target:
$144.00
New Target:
$140.00
Citigroup
Date:
Sep 25, 2025
Action:
Maintains
Prev. Target:
$168.00
New Target:
$165.00
Wells Fargo
Date:
Sep 25, 2025
Action:
Maintains
Prev. Target:
$154.00
New Target:
$150.00
UBS
Date:
Sep 11, 2025
Action:
Maintains
Prev. Target:
$175.00
New Target:
$170.00
RBC Capital
Date:
Sep 3, 2025
Action:
Reiterates
Prev. Target:
$146.00
New Target:
$146.00
7
Dividend
There are few things we like to see when evaluating the quality of a company's dividend history and future

Ideally, we would like to see a company have a long history of consistently high dividend payouts that have grown at a consistent rate. From here we want to be confident that this sort of dividend growth and consistency will persist into the future.

The chart below shows the historical trend in PepsiCo (PEP) dividend yield on an annual basis.

36.94%
PepsiCo (PEP) saw a increase in it's dividend yield since 2020
8
Past Performance
How has PepsiCo (PEP) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

PepsiCo (PEP) sharpe ratio over the past 5 years is -0.3826 which is considered to be below average compared to the peer average of 1.1559

9
Analyzing PepsiCo (PEP) Recent Options Activity
Below, you can see the trend in options sentiment over the past 30 days.

Based on our data, PEP's options trades have recently carried more negative sentiment than positive.

10
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is PEP's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2021 ($)
2022 ($)
2023 ($)
2024 ($)
TTM ($)
Total Revenue
79.47
86.39
91.47
91.85
0.00
Operating Revenue
79.47
86.39
91.47
91.85
0.00
Cost Of Revenue
37.08
40.58
41.88
41.74
0.00
Gross Profit
42.40
45.82
49.59
50.11
0.00
Operating Expense
31.24
34.70
36.68
37.19
0.00
Selling General And Administration
31.24
34.70
36.68
37.19
0.00
Research and Development
0.00
0.00
0.00
0.00
0.00
Operating Income
11.16
11.12
12.91
12.92
0.00
Net Non-Operating Interest Income Expense
-1.86
-0.94
-0.82
-0.92
0.00
Other Income Expense
0.52
0.53
-0.68
-0.05
0.00
Other Non-Operating Income Expenses
0.52
0.13
0.25
-0.02
0.00
Pre-Tax Income
9.82
10.71
11.42
11.95
0.00
Tax Provision
2.14
1.73
2.26
2.32
0.00
Net Income
7.62
8.91
9.07
9.58
0.00
Net Income Common Stockholders
7.62
8.91
9.07
9.58
0.00
Total Operating Income As Reported
11.16
11.51
11.99
12.89
0.00
Total Expenses
68.31
75.28
78.56
78.93
0.00
Net Income From Continuing And Discontinued Operation
7.62
8.91
9.07
9.58
0.00
Normalized Income
7.62
8.47
9.87
9.58
0.00
Interest Income
0.00
0.00
0.00
0.00
0.00
Interest Expense
1.86
0.94
0.82
0.92
0.00
Net Interest Income
-1.86
-0.94
-0.82
-0.92
0.00
EBIT
11.68
11.64
12.24
12.87
0.00
EBITDA
14.90
14.92
15.75
16.68
0.00
Reconciled Cost Of Revenue
37.08
40.58
41.88
41.74
0.00
Reconciled Depreciation
3.21
3.28
3.52
3.81
0.00
Normalized EBITDA
14.90
14.53
16.68
16.68
0.00
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.21
Tax Effect Of Unusual Items
0.00
-0.05
-0.13
0.00
0.00
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2021 ($)
2022 ($)
2023 ($)
2024 ($)
TTM ($)
Total Assets
92.38
92.19
100.50
99.47
0.00
Current Assets
21.78
21.54
26.95
25.83
0.00
Total Non-Current Assets
70.59
70.65
73.55
73.64
0.00
Total Liabilities Net Minority Interest
76.23
74.91
81.86
81.30
0.00
Current Liabilities
26.22
26.79
31.65
31.54
0.00
Other Non-Current Liabilities
9.15
8.34
8.72
9.05
0.00
Total Equity Gross Minority Interest
16.15
17.27
18.64
18.17
0.00
Stockholders Equity
0.00
0.00
0.00
0.00
0.00
Total Capitalization
52.07
52.81
56.10
55.27
0.00
Common Stock Equity
16.04
17.15
18.50
18.04
0.00
Net Tangible Assets
-21.00
-16.64
-14.15
-14.29
0.00
Working Capital
-4.44
-5.25
-4.70
-5.71
0.00
Invested Capital
56.38
56.22
62.61
62.35
0.00
Tangible Book Value
-21.00
-16.64
-14.15
-14.29
0.00
Total Debt
40.78
39.55
44.66
44.95
0.00
Net Debt
34.74
34.12
34.39
35.80
0.00
Share Issued
1.87
1.87
1.87
1.87
0.00
Ordinary Shares Number
1.38
1.38
1.37
1.37
0.00
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2021 ($)
2022 ($)
2023 ($)
2024 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
11.62
10.81
13.44
12.51
Net Income from Continuing Operations
7.68
8.98
9.15
9.63
Depreciation and Amortization
3.21
3.28
3.52
3.81
Deferred Tax
0.49
-0.79
-0.27
0.18
Deferred Income Tax
0.49
-0.79
-0.27
0.18
Stock-Based Compensation
0.30
0.34
0.38
0.36
Other Non-Cash Items
-0.63
-0.56
-0.08
-0.44
Change in Working Capital
0.72
-0.89
-0.34
-1.70
Change in Receivables
-0.65
-1.76
-0.79
-0.14
Changes in Account Receivables
Change in Inventory
-0.58
-1.14
-0.26
-0.31
Change in Payables and Accrued Expense
1.79
1.90
0.73
-1.28
Change in Payable
1.79
1.90
0.73
-1.28
Change in Account Payable
1.76
1.84
0.42
-1.16
Change in Other Current Assets
Change in Other Current Liabilities
Change in Other Working Capital
Cash Flow from Continuing Investing Activities
-3.27
-2.43
-5.50
-5.47
Net PPE Purchase and Sale
0.17
0.25
0.20
0.34
Net Business Purchase and Sale
0.11
2.63
-0.24
-0.09
Purchase of Business
-0.06
-0.87
-0.31
-0.26
Net Investment Purchase and Sale
1.08
-0.12
0.02
-0.42
Purchase of Investment
-0.56
-0.42
Sale of Investment
1.14
0.17
0.57
0.01
Net Other Investing Changes
0.01
0.01
Financing Cash Flow
-10.78
-8.52
-3.01
-7.56
Cash Flow from Continuing Financing Activities
-10.78
-8.52
-3.01
-7.56
Net Issuance Payments of Debt
-4.13
-0.81
4.77
0.70
Net Long-Term Debt Issuance
-4.18
-0.80
2.48
0.16
Long-Term Debt Issuance
4.12
5.48
4.04
Long-Term Debt Payments
-8.30
-4.17
-3.00
-3.89
Net Short-Term Debt Issuance
0.04
-0.01
2.29
0.54
Net Common Stock Issuance
-0.11
-1.50
-1.00
-1.00
Common Stock Issuance
Common Stock Payments
-0.11
-1.50
-1.00
-1.00
Cash Dividends Paid
-5.82
-6.17
-6.68
-7.23
Net Other Financing Charges
-0.91
-0.18
-0.21
-0.19
End Cash Position
23.59
23.85
30.97
30.44
Changes in Cash
-2.43
-0.14
4.94
-0.52
Beginning Cash Position
26.14
24.46
26.31
31.65
Capital Expenditure
-4.62
-5.21
-5.52
-5.32
Issuance of Capital Stock
Issuance of Debt
4.56
5.35
10.91
10.22
Repayment of Debt
-8.70
-6.16
-6.14
-9.52
Repurchase of Capital Stock
-0.11
-1.50
-1.00
-1.00
Free Cash Flow
6.99
5.60
7.92
7.19