PepsiCo downgraded by Morgan Stanley with a new price target
$PEP
Beverages (Production/Distribution)
Consumer Staples
Morgan Stanley downgraded PepsiCo from Overweight to Equal-Weight and set a new price target of $185.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/15/2025 | $155.00 | Buy → Neutral | BofA Securities |
| 3/18/2025 | $168.00 → $156.00 | Overweight → Equal Weight | Barclays |
| 3/12/2025 | $171.00 → $170.00 | Buy → Hold | Jefferies |
| 1/7/2025 | $171.00 | Overweight | Piper Sandler |
| 12/12/2024 | $179.00 → $184.00 | Hold → Buy | Deutsche Bank |
| 10/10/2024 | $190.00 → $183.00 | Buy → Hold | TD Cowen |
| 9/20/2024 | $185.00 | Overweight → Equal-Weight | Morgan Stanley |
| 7/19/2024 | $183.00 | Buy → Hold | DZ Bank |
Deal Will Expand PepsiCo's Food Portfolio to Include More Options for Consumers Looking for Positive Choices and Simple Ingredients PURCHASE, N.Y. and AUSTIN, Texas, Jan. 17, 2025 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ:PEP) ("PepsiCo") today announced that it has closed the acquisition of Garza Food Ventures LLC, dba Siete Foods ("Siete"), for $1.2 billion. Over the past two decades, PepsiCo has transformed its portfolio to include great-tasting convenient foods and drinks that are nutritious, enjoyable, and fit consumers' lifestyles. The company continues to expand positive c
Tammara To Succeed Controller Marie Gallagher Who Will Retire in May 2025 PURCHASE, N.Y., Dec. 11, 2024 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced that Christine Tammara has been appointed Senior Vice President and Controller effective May 3, 2025, succeeding Senior Vice President and Controller Marie Gallagher, who previously announced her intention to retire. Tammara will report to PepsiCo Chief Financial Officer Jamie Caulfield. Tammara joined PepsiCo in 2007 and has served as Senior Vice President, Controller, PepsiCo Beverages North America since June 2
Assumes Role of Audit Committee Chair Guayakí Yerba Mate, the category leader in yerba mate, is pleased to announce the appointment of industry veteran Hari Avula to its Board of Directors. Avula joins the Board to lead its Audit Committee and brings extensive experience from having served in influential, leadership roles within global consumer, retail and healthcare services businesses. He was chief financial and strategic officer of Clif Bar & Company until it was acquired by Mondelēz International, Inc. Previously, he served in senior finance and transformation roles at Walgreens Boots Alliance Inc., and before this spent over 22 years with PepsiCo, Inc. (NASDAQ:PEP) in various financi
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For one day only on April 10, Subway MVP Rewards members can grab Doritos Footlong Nachos for free with the purchase of any footlong sub** MIAMI, April 3, 2025 /PRNewswire/ -- Two legendary brands – Subway and Doritos® – are coming together for the most iconic collaboration of the year: Doritos® Footlong Nachos. Available nationwide for a limited time while supplies last, this new snack brings together the classic crunch of Doritos® chips and the fresh, bold flavors of Subway's beloved sandwiches – for just $5.* Experience the full interactive Multichannel News Release here: https://www.multivu.com/subway/9280052-en-subway-doritos-team-up-for-footlong-innovation-try-for-free Subway's latest
Company continues to evolve its portfolio through innovation and strategic acquisitionsCompany expands better-for-you offerings to meet consumer preferences and continue to serve new generations of consumersPURCHASE, N.Y. and AUSTIN, Texas, March 17, 2025 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ:PEP) ("PepsiCo") today announced that it has entered into a definitive agreement to acquire poppi, a fast-growing prebiotic soda brand, for $1.95 billion, including $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion. The transaction also includes an additional potential earnout consideration subject to the achievement of certain performance milestones within a specif
PURCHASE, N.Y., March 13, 2025 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced that it will issue its first-quarter 2025 (ending March 22) financial results and other related information on Thursday, April 24, 2025 by posting the following materials and links on the company's website at www.pepsico.com/investors. Press release and 10-Q at approximately 6:00 a.m. EDTPrepared management remarks (in PDF format) at approximately 6:30 a.m. EDTLive question and answer session for analysts with Ramon Laguarta, Chairman and Chief Executive Officer, and Jamie Caulfield, EVP
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BofA Securities downgraded PepsiCo from Buy to Neutral and set a new price target of $155.00
Barclays downgraded PepsiCo from Overweight to Equal Weight and set a new price target of $156.00 from $168.00 previously
Jefferies downgraded PepsiCo from Buy to Hold and set a new price target of $170.00 from $171.00 previously
Nominates Charlie Morrison, Who Delivered Total Shareholder Returns of ~760% During His Tenure as CEO of Wingstop, and Nicole Portwood, an Experienced Marketing Executive and Former CMO of Tito's Handmade Vodka, to Company's Board Nominees Possess Necessary Restaurant Operations and Marketing Experience to Drive Greater Urgency on Enhancing Company Performance Engaged Capital, LLC (together with certain of its affiliates, "Engaged" or "we"), which beneficially owns approximately 8.6% of the outstanding Class A common stock of Portillo's Inc. (NASDAQ:PTLO) ("Portillo's" or the "Company"), today announced that it has nominated two highly qualified, independent candidates for election to t
PURCHASE, N.Y., Feb. 5, 2025 /PRNewswire/ -- The Board of Directors of PepsiCo, Inc. (NASDAQ:PEP) today declared a quarterly dividend of $1.355 per share of PepsiCo common stock, a 7 percent increase versus the comparable year-earlier period. Today's action is consistent with PepsiCo's prior year, previously announced increase in its annualized dividend to $5.42 per share from $5.06 per share, which began with the June 2024 payment. This dividend is payable on March 31, 2025 to shareholders of record at the close of business on March 7, 2025. In addition, on February 4, 2025,
PURCHASE, N.Y., Nov. 19, 2024 /PRNewswire/ -- The Board of Directors of PepsiCo, Inc. (NASDAQ:PEP) today declared a quarterly dividend of $1.355 per share of PepsiCo common stock, a 7 percent increase versus the comparable year-earlier period. Today's action is consistent with PepsiCo's previously announced increase in its annualized dividend to $5.42 per share from $5.06 per share, which began with the June 2024 payment. This dividend is payable on January 6, 2025 to shareholders of record at the close of business on December 6, 2024. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2024 marked the company's 52nd consecutive annual dividend increase.