Citigroup Reiterates Buy Rating on PepsiCo, Inc. (PEP)

Citigroup maintains its buy rating on PepsiCo, Inc. with a $170 price target, a 23.22% upside from the current price.

Editorial illustration for PepsiCo, Inc. (PEP)

Key Points

  • Citigroup reiterated its buy rating for PepsiCo, Inc. (PEP) with a price target of $170 on June 25, 2026.
  • Citigroup's $170 price target implies 23.22% upside from PepsiCo, Inc.'s ($PEP) current $137.96 share price.
  • PepsiCo's stock traded near $139.5 on Friday, with a market cap of $192.3 billion and a P/E ratio of 22.05.
  • Insiders bought PepsiCo shares in June 2026, while analysts have mixed ratings with a consensus hold.

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Citigroup has reiterated its buy rating for PepsiCo, Inc. (NasdaqGS: PEP), maintaining a price target of $170. Analyst Filippo Falorni confirmed this stance on June 25, 2026. Shares of PepsiCo traded near $139.5 on Friday.

Analyst rating track record

Citigroup vs. the S&P 500

YTD return -4.79% hypothetical
All-time return +28.94% S&P 500 +29.04%
vs. S&P 500 -0.10% behind the index

Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.

PepsiCo, Inc. Stock Down 2.2%

Shares of NasdaqGS:PEP traded around $139.5 on Friday. PepsiCo, Inc. boasts a market capitalization of approximately $192.3 billion and has a P/E ratio of 22.05. The stock's 52-week range is between $127.6 and $171.48, with a 50-day moving average of $150.28 and a 200-day moving average of $150.23. PepsiCo's beta is relatively low at 0.359, reflecting lower volatility compared to the market.

12-month forecast

$PEP price target

Past daily closes and this analyst's 12-month price target. Not investment advice.

Recent Earnings

PepsiCo reported revenue of about $95.4 billion with a revenue growth rate of 8.5%. The company's earnings per share (EPS) stands at $6.38, and it has a net margin of 9.15% with a return on equity (ROE) of 43.88%. The next earnings report is expected on July 9, 2026.

Dividend

PepsiCo pays an annual dividend rate of $5.92, yielding 4.17%. The dividend payout ratio is 89.32%, indicating a significant portion of earnings being returned to shareholders.

Insider Buying and Selling at PepsiCo, Inc.

Several insiders made purchases of PepsiCo stock in early June 2026. Jennifer Bailey, David Gibbs, Susan Diamond, and Daniel Vasella bought shares at an average price of $141.52. These transactions were not part of any pre-planned trading scheme.

Analysts Set New Price Targets

On June 25, 2026, Citigroup maintained its buy rating on PepsiCo with a $170 price target. On the same day, B of A Securities kept a hold rating with a $164 target. Earlier, Deutsche Bank also maintained a buy rating with a $168 target on June 18, 2026. The consensus among analysts is a hold, with an average target price of $168.27 based on 22 opinions.

About PepsiCo, Inc.

PepsiCo, Inc. is a global leader in the beverages and snacks industry, headquartered in Purchase, New York. The company operates through various segments including North American Beverages and Foods, as well as international divisions covering Europe, Latin America, and Asia Pacific. Led by CEO Ramon Luis Laguarta, PepsiCo employs approximately 306,000 people worldwide. The company is known for its diverse product range, including iconic brands such as Pepsi, Mountain Dew, Lay's, and Quaker.

Bottom Line

Citigroup's reiterated buy rating and $170 price target underscore ongoing confidence in PepsiCo's growth potential. Investors often track such analyst ratings as part of their broader assessment of a company's prospects. As with all 13F filings and analyst reports, these insights reflect historical positions and opinions, which may evolve over time.

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