What’s Behind Mixed Ratings on PepsiCo, Inc. (PEP) in Wall Street

PepsiCo stock (NASDAQ:PEP) is one of the top consumer defensive stocks to buy now. On April 8, JPMorgan reiterated an Overweight rating on PepsiCo stock (NASDAQ:PEP) but lowered the price target to $172 from $176.

What’s Behind Mixed Ratings on PepsiCo, Inc. (PEP) in Wall Street

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The price target cut is in response to the company maintaining its 2026 organic sales growth at 2.5%, with earnings per share expected at $1.55. On the other hand, the investment bank lowered the company’s organic sales growth to 3.1% from 3.3%, and also lowered the earnings per share estimate to $8.54 from $8.64. The estimate is still above the consensus of $8.60 a share.

Earlier, analysts at BofA Securities reiterated a neutral rating on the stock with a $173 price target. The neutral rating aligns with expectations that the company will deliver first-quarter results in line with consensus estimates. The research firm expects the company to deliver earnings per share of $1.53 and $8.60 for the full year.

PepsiCo, Inc. (NASDAQ:PEP) is a global food and beverage leader that manufactures, markets, and sells iconic snacks (Frito-Lay, Doritos, Cheetos, Lay’s) and beverages (Pepsi, Mountain Dew, Gatorade, Aquafina).

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