Stocks · Consumer Defensive · Beverages - Non-Alcoholic
PepsiCo, Inc. PEP
$125.89 +0.23% Close, Oct 2, 2026 · NASDAQ · Market cap $171.97B
Strong growthLow risk
Next earnings report: Oct 8, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- At 16.5× trailing earnings, the shares trade at the lowest P/E of the company's past five years.
- Diluted EPS over the last four quarters was $7.63, up 39.0% year over year.
- Earnings beat analyst estimates in each of the last 5 quarters (average surprise over the last four: +1.8%).
PromtFinance scores
Each score is a percentile within the Consumer Defensive sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth81Strong
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 38%
- EPS growth (TTM, YoY)Top 18%
- FCF growth (TTM, YoY)Top 30%
- Revenue growth, 3-year CAGRTop 49%
- Revenue growth accelerationTop 33%
Quality64Neutral
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 18%
- Gross marginTop 21%
- Operating marginTop 21%
- Cash conversion (OCF / net income)Bottom 27%
- Accruals (lower is better)Bottom 22%
- Net debt / EBITDA (lower is better)Bottom 44%
- Interest coverTop 29%
Value69Positive
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 27%
- Free-cash-flow yieldBottom 47%
- EBITDA / enterprise valueTop 44%
- Sales / enterprise valueBottom 26%
- P/E vs own 5-year history (lower is better)Top 5%
Momentum37Weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 48%
- 6-month returnBottom 24%
- 1-year return vs S&P 500Bottom 48%
- Distance from 52-week highBottom 49%
- Trend checklist (0–4)Bottom 22%
Revisions29Very weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 27%
- Consecutive EPS beatsTop 23%
- Share of analysts rating BuyBottom 26%
- Upside to consensus price targetBottom 31%
Stability90Exceptional
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 3%
- Maximum drawdown, 3 yearsTop 19%
- Beta vs S&P 500 (lower is better)Top 22%
- Net debt / EBITDA (lower is better)Bottom 44%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 4.3% | 5.6% | ↑ |
| EPS growth (YoY) | -6.3% | 39.0% | ↑ |
| Gross margin | 54.4% | 54.0% | ↓ |
| Operating margin | 13.5% | 15.0% | ↑ |
| FCF margin | 7.7% | 9.6% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 5.6% | 4.3% | ↑ | Top 38% |
| EPS growth (TTM, YoY) | 39.0% | -6.3% | ↑ | Top 18% |
| Gross margin | 54.0% | 54.4% | ↓ | Top 21% |
| Operating margin | 15.0% | 13.5% | ↑ | Top 21% |
| Net margin | 10.8% | 8.2% | ↑ | — |
| Free-cash-flow margin | 9.6% | 7.7% | ↑ | — |
| Return on invested capital | 13.2% | — | Top 18% | |
| Revenue growth, 3-year CAGR | 2.8% | — | Top 49% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.28×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.6%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.3%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +3.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 2.31×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 12.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 4.54%
- Net buyback yield (TTM)
- 0.51%
- Shareholder yield
- 5.05%
- Share count change, 1 year
- -0.4%
- Share count change, 3-year CAGR
- -0.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 13, 2026 (filed Jul 9, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 5
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +1.8%
- Average 2-day reaction, last 8
- +1.0%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $146.17
- Target vs current price
- +16.1%
- Analysts with a rating
- 46
- Share rating Buy or Strong Buy
- 30%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 9, 2026 | +0.5% | -3.3% | -5.0% | -2.6% | -11.9% |
| Apr 16, 2026 | +4.5% | +2.3% | -0.7% | -3.6% | -10.6% |
| Feb 3, 2026 | +0.9% | +4.9% | +7.3% | +6.3% | +0.1% |
| Oct 9, 2025 | +1.3% | +4.2% | +8.9% | +2.9% | +0.8% |
| Jul 17, 2025 | +4.4% | +7.5% | +7.6% | +10.3% | +6.9% |
| Apr 24, 2025 | -0.7% | -4.9% | -4.7% | -8.5% | -0.4% |
| Feb 4, 2025 | +0.5% | -4.5% | -3.9% | +2.6% | -9.8% |
| Oct 8, 2024 | +0.9% | +1.9% | +5.3% | -0.5% | -10.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 9, 2026 | $2.20 | $2.19 | +0.5% | $24.18B |
| Apr 16, 2026 | $1.61 | $1.54 | +4.5% | $19.44B |
| Feb 3, 2026 | $2.26 | $2.24 | +0.9% | $29.34B |
| Oct 9, 2025 | $2.29 | $2.26 | +1.3% | $23.94B |
| Jul 17, 2025 | $2.12 | $2.03 | +4.4% | $22.73B |
| Apr 24, 2025 | $1.48 | $1.49 | -0.7% | $17.92B |
| Feb 4, 2025 | $1.96 | $1.95 | +0.5% | $27.78B |
| Oct 8, 2024 | $2.31 | $2.29 | +0.9% | $23.32B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 16.5× | 25.5× | 0th | Top 27% |
| P/E (forward) | 14.7× | — | — | — |
| EV / EBITDA | 11.5× | — | — | Top 44% |
| EV / Sales | 2.22× | — | — | Bottom 26% |
| Free-cash-flow yield | 5.40% | — | — | Bottom 47% |
| Earnings yield | 6.06% | — | — | Top 27% |
P/E over the past five years
Range 18.1× – 39.9× since Jun 12, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -12.1%
- Earnings per share growth (TTM)
- +39.0%
- Change in P/E multiple
- -23.3%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -1.9%
- 200-day average slope (20 days)
- -1.1%
- Distance from 50-day average
- -8.1%
- Distance from 200-day average
- -14.5%
- RSI (14)
- 25.5
- Relative volume
- 0.65×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 18.4%
- Volatility vs own 5-year history
- 53th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.18
- Correlation with S&P 500
- 0.13
- Current drawdown from 1-year high
- -26.2%
- Maximum drawdown, 3 years
- -31.4%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| May 12, 2023 | Oct 1, 2026 | -36.0% | 849 days | Not yet recovered |
| Dec 31, 2020 | Mar 4, 2021 | -13.1% | 42 days | 57 days (May 25, 2021) |
| Jan 14, 2022 | Mar 11, 2022 | -12.5% | 38 days | 33 days (Apr 28, 2022) |
| Apr 28, 2022 | Jun 14, 2022 | -12.0% | 32 days | 42 days (Aug 15, 2022) |
| Aug 18, 2022 | Oct 7, 2022 | -10.4% | 35 days | 15 days (Oct 28, 2022) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $171.97B
- P/E (TTM)
- 16.5
- EPS, diluted (TTM)
- $7.63
- Revenue (TTM)
- $96.90B
- Dividend yield
- 4.61%
- 52-week range
- $125.16 – $171.48
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $79.47B | $86.39B | $91.47B | $91.85B | $93.92B |
| Gross profit | $42.40B | $45.82B | $49.59B | $50.11B | $50.86B |
| Operating income | $11.16B | $11.51B | $11.99B | $12.89B | $13.49B |
| Net income | $7.62B | $8.91B | $9.07B | $9.58B | $8.24B |
| EPS (diluted) | $5.48 | $6.42 | $6.56 | $6.95 | $6.00 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.32B | $27.78B | $17.92B | $22.73B | $23.94B | $29.34B | $19.44B | $24.18B |
| Net income | $2.93B | $1.52B | $1.83B | $1.26B | $2.60B | $2.54B | $2.34B | $3.00B |
| EPS (diluted) | $2.13 | $1.11 | $1.33 | $0.92 | $1.90 | $1.85 | $1.70 | $2.18 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $11.62B | $10.81B | $13.44B | $12.51B | $12.09B |
| Capital expenditure | -$4.63B | -$5.21B | -$5.52B | -$5.32B | -$4.42B |
| Free cash flow | $6.99B | $5.60B | $7.92B | $7.19B | $7.67B |
| Dividends paid | -$5.82B | -$6.17B | -$6.68B | -$7.23B | -$7.64B |
| Net share buybacks | -$106.0M | -$1.50B | -$1.00B | -$1.00B | -$903.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $10.72B
- Total assets
- $112.19B
- Total liabilities
- $89.92B
- Total debt
- $53.21B
- Net debt
- $42.96B
- Shareholders’ equity
- $22.10B
As of Jun 13, 2026 (filed Jul 9, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 4, 2026 | $1.48 | Sep 30, 2026 |
| Jun 5, 2026 | $1.48 | Jun 30, 2026 |
| Mar 6, 2026 | $1.42 | Mar 31, 2026 |
| Dec 5, 2025 | $1.42 | Jan 6, 2026 |
| Sep 5, 2025 | $1.42 | Sep 30, 2025 |
| Jun 6, 2025 | $1.42 | Jun 30, 2025 |
| Mar 7, 2025 | $1.36 | Mar 31, 2025 |
| Dec 6, 2024 | $1.36 | Jan 6, 2025 |
Short interest
- Shares sold short
- 25,853,939
- Days to cover
- 3.21
- Change vs previous report
- +21.5%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- May 29, 1996
- 2-for-1
- Sep 5, 1990
- 3-for-1
- May 29, 1986
- 3-for-1
- May 31, 1977
- 3-for-1