Pepsico, IncNasdaq: PEP
Consumer Staples · Soft Drinks & Non-alcoholic Beverages
$157.61
-0.56%
Vol: 4.1M
Research Digest
Friday, May 1, 2026
PepsiCo price cuts on Lay's and Doritos drive 8.5% revenue growth and 27% profit rise; signs Google Cloud partnership
PepsiCo's February price cuts (up to 15%) on Lay's, Doritos and signature snacks yielded strong Q1 results with 8.5% revenue growth and 27% profit rise. The company announced multi-year Google Cloud partnership for digital infrastructure and AI capabilities across supply chain and go-to-market execution. Maintained 2%-4% organic revenue growth guidance with expected acceleration into summer. Evercore raised price target to $170 from $165. Renewable energy partnership with Givaudan, WestRock, and Statkraft targets 32,000 metric tons annual CO2 reductions.
Previous Market Intelligence
13 daysApr 30PepsiCo beats Q1 with price cuts on Lay's/Doritos driving growth; Poppi acquisition ~$2BPositive▶
PepsiCo reported upbeat Q1 2026 earnings with 8.5% revenue growth and 27% profit rise, driven by price cuts of up to 15% on snacks like Lay's, Doritos and other brands. CEO Ramon Laguarta emphasized cuts helped drive first growth in over a year after price hikes hurt snacks business. Management maintained 2%-4% organic revenue growth guidance with expected acceleration into summer. Company removing artificial dyes from snacks (Cheetos) and reducing sugar in beverages (Gatorade). PepsiCo signed 10-year Virtual Power Purchase Agreement with Statkraft for wind asset in Spain, contributing estimated 32K metric tons CO2 reduction annually. Announced acquisition of prebiotic soda brand Poppi valued at ~$2B. Strategic partnership with Google Cloud for digital infrastructure and AI capabilities across global operations. Former PepsiCo CFO Hugh Johnston joining Disney as CFO effective December 4. Stock at $154.50 (market cap $212.23B). 14 analysts: "Buy" average rating, PT $166.79 (+8.24% upside).
Apr 29PepsiCo Q1 2026 revenue $19.44B beats estimate (+8.5%); EPS $1.61 beats; price cuts and healthier snacks driving growthPositive▶
PepsiCo posted Q1 2026 revenue of $19.44B (beat $18.94B, up 8.5%) with EPS of $1.61 (beat $1.55). Strategic price cuts of up to 15% and new healthier snacks gaining traction. Activist Elliott Investment Management agreement: cut US product lineup 20%, reduce prices on core brands, increase automation/digitization. Announced multi-year AI/digital twin collaboration with Siemens and NVIDIA. Gatorade restaging initiative underway. 2026 guidance: 2-4% organic revenue growth, 4-6% core constant currency EPS growth; 4% dividend increase.
Apr 16PepsiCo reports Q1 2026 earnings today April 16; analysts expect $1.55 EPS and $18.95B revenue with 5-6% YoY growthPositive▶
PepsiCo will report Q1 2026 earnings on April 16, 2026 at approximately 6:00 AM EDT with live analyst Q&A at 8:15 AM EDT. Analyst consensus projects $1.55 EPS (5% YoY growth) and $18.95 billion revenue (6% YoY growth). The company announced price cuts of up to 15% on core brands like Lays and Doritos and disclosed double-digit shelf space gains at major retailers in March-April. PepsiCo relaunched four flagship brands: Lays, Tostitos, Gatorade, and Quaker with cleaner ingredients. The stock is up 9% YTD at $157.06, up 23% from its 52-week low.
Apr 15PepsiCo faces activist investor pressure from Elliott Management $4 billion stake while preparing Q1 earnings on April 16Mixed▶
PepsiCo will release Q1 2026 earnings on April 16 with expected $1.54 EPS and $18.92 billion revenue. Company announced price reductions of up to 15% on core snack brands. Activist Elliott Management took $4 billion stake. PepsiCo announced 5% dividend increase with 54 consecutive years of increases. Stock at $155.71 with 3.7% yield.
Apr 14PepsiCo Q1 earnings April 16; Frito-Lay cuts chip prices 15%; inaugurates $467M Mexico plantPositive▶
Q1 results April 16. Inaugurated $467M Sabritas plant in Mexico April 13. Frito-Lay cutting prices 15%. Guided 2-4% organic revenue growth, 4-6% core EPS growth.
Apr 13Q1 2026 earnings April 16; dividend raised 5% amid chip price cuts and margin pressureMixed▶
PepsiCo reports Q1 earnings April 16. Board approved 5% dividend increase to $1.4225 per share. Company cutting chip prices (Lays, Doritos) up to 15% to combat consumer pullback after years of aggressive pricing. Stock lost $50B in value since 2023 highs.
Apr 10PepsiCo launches Dirty Mountain Dew; JPMorgan cuts 2026 guidance amid pricing pressure.Mixed▶
PepsiCo announced Dirty Mountain Dew beverages. Frito-Lay began cutting chip prices 15% on Lay's, Doritos, Cheetos as consumers sought cheaper options. JPMorgan reduced FY2026 organic sales growth guidance to 3.1% and lowered EPS estimate to $8.54. UBS maintained Buy with raised target of $190. Q1 2026 earnings scheduled April 16. Board declared 5% quarterly dividend increase to $1.4225/share.
Apr 9PepsiCo lowers snack prices after revenue miss, announces multi-year AI digital twin collaboration.Neutral▶
PepsiCo implementing price cuts in Frito-Lay snack division after missing revenue targets. Company announced multi-year Siemens-NVIDIA collaboration for AI-powered digital twins across plants and supply chains. Met 2025 water replenishment goals with 29B liters in high-risk watersheds. Q1 2026 earnings scheduled April 16. JPMorgan lowered target to $172 from $176; UBS raised to $190. Announced 5% quarterly dividend increase to $1.4225 per share. Mixed analyst outlook on pricing strategy and North America turnaround.
Apr 8PepsiCo raises 2026 guidance, approves 4% dividend increase and $10B buyback.Positive▶
PepsiCo approved 4% dividend increase to $5.92 annualized (54th consecutive raise) and new $10B buyback through Feb 2030. Guided 2026 organic revenue growth 2-4% and core constant-currency EPS growth 4-6%. Q1 2026 earnings April 16. Stock at $153.21, ~8% below $170.54 consensus target.
Apr 7PepsiCo expects 2-4% organic revenue growth in 2026 with high-end delivery in H2, Q1 earnings April 16Positive▶
PepsiCo expects 2026 organic revenue growth to accelerate 2-4% with strong core operating margin expansion and high-end delivery in H2 2026. Company elevated innovation agenda with protein/fiber products including Doritos Protein launch in 2026. Board approved 5% dividend increase to $1.4225/share and authorized $10B buyback program. Multiple analyst upgrades from Barclays, BofA, UBS, JPMorgan. Q1 2026 results release April 16. 54th consecutive annual dividend increase announced.
Apr 6PepsiCo to acquire Poppi prebiotic soda for ~$2B; Q1 earnings April 16.Neutral▶
PepsiCo announced acquisition of prebiotic soda brand Poppi valued at nearly $2B. Achieved 100% water replenishment in high-risk watersheds. Q1 earnings April 16 with EPS guidance $1.55 and revenue $18.95B. Deutsche Bank lowered PT to $169 from $176, maintains Buy.
Apr 3PepsiCo increased quarterly dividend by 5% to $1.4225 per share, marking 54th consecutive annual dividend increase.Positive▶
PepsiCo announced a 5% dividend increase to $1.4225 per share, the 54th consecutive annual dividend increase since 1965. The company achieved its water replenishment goal at company-owned facilities. PepsiCo acquired Poppi, a prebiotic soda brand, for nearly $2 billion. Q3 revenue of $23.32B fell slightly below expectations. Next earnings expected Q1 2026.
Apr 1PepsiCo achieved 100% water replenishment goal and raised quarterly dividend by 5% to $1.4225/share; Elliott activist involvement provides catalyst.Positive▶
PepsiCo declared 5% dividend increase to $1.4225/share, marking 54th consecutive annual increase. Achieved 2025 pep+ goals: 100% water replenishment with 29 billion liters returned to watersheds. Recent insider share sales coincided with planned brand price cuts ahead of Q1 earnings. Trading at 18.5x forward earnings with rare discount valuation. Elliott activist involvement provides catalyst. Deutsche Bank lowered PT to $169 from $176 but maintained Buy.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| KOCOCA | $78.69 | -0.10% | +2.0% | 22.7x | 0.36 | $338.9B |
| PEPPEPSICO | $157.61 | -0.56% | +1.1% | 17.3x | 0.41 | $216.6B |
| MNSTMONSTER | $77.16 | +0.12% | +3.9% | 30.4x | 0.51 | $75.4B |
| KDPKEURIG | $29.11 | -0.99% | +14.4% | 11.6x | 0.36 | $40.0B |
| WMTWALMART | $131.84 | -0.07% | +4.0% | 40.2x | 0.66 | $1.05T |
| COSTCOSTCO | $1,012.70 | -0.18% | -0.4% | 45.1x | 0.98 | $450.1B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price between 50d and 200d. Testing 50d support.