Why PepsiCo (PEP) Stock Is Up Today

PepsiCo (PEP) is up 3.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a relief rally after PepsiCo delivered a better-than-expected quarter, with revenue and adjusted earnings topping Wall Street estimates. Investors also appear to be responding to stronger sales momentum, improving volume trends, and a full-year revenue outlook that looked firmer than feared, even though profit guidance was reduced.

Details:

PepsiCo’s third-quarter net revenue rose 5.6% to $25.27 billion, while organic revenue growth accelerated to 3.1%.

Core EPS came in at $2.34, ahead of the roughly $2.30 analysts were expecting, and revenue also landed above consensus forecasts.

The company pointed to organic volume growth across global beverages and convenient foods, with international businesses showing broad strength and North America foods trends improving sequentially.

PepsiCo updated its 2026 outlook to roughly 6% net revenue growth and about 3% organic revenue growth, although it cut its core constant-currency EPS growth forecast to 1% to 2% from the low end of 4% to 6%.

Sources:

SEC, PepsiCo, Reuters

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$PEP Insider Trading Activity

$PEP insiders have traded $PEP stock on the open market 6 times in the past 6 months. Of those trades, 4 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $PEP stock by insiders over the last 6 months:

ROBERT C POHLAD has made 4 purchases buying 184,646 shares for an estimated $23,686,388 and 0 sales.
RAMON LAGUARTA (Chairman and CEO) sold 30,000 shares for an estimated $4,053,891
DAVID FLAVELL (EVP, Gen Counsel & Corp Sec) sold 2,900 shares for an estimated $404,673

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$PEP Hedge Fund Activity

We have seen 1,409 institutional investors add shares of $PEP stock to their portfolio, and 1,860 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 36,096,064 shares (+inf%) to their portfolio in Q2 2026, for an estimated $4,887,407,065
INVESCO LTD. added 31,052,716 shares (+257.5%) to their portfolio in Q2 2026, for an estimated $4,204,537,746
JPMORGAN CHASE & CO added 30,596,336 shares (+inf%) to their portfolio in Q2 2026, for an estimated $4,142,743,894
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 5,885,256 shares (+19.5%) to their portfolio in Q2 2026, for an estimated $796,863,662
GOLDMAN SACHS GROUP INC added 4,679,738 shares (+38.2%) to their portfolio in Q2 2026, for an estimated $633,636,525
SG AMERICAS SECURITIES, LLC added 3,895,592 shares (+251.5%) to their portfolio in Q2 2026, for an estimated $527,463,156
DIAMANT ASSET MANAGEMENT, INC. removed 3,563,169 shares (-99.4%) from their portfolio in Q2 2026, for an estimated $482,453,082

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$PEP Government Contracts

We have seen $2,243,011 of award payments to $PEP over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

CARBONATED AND NON CARBONATED BEVERAGE: $27,526
CARBONATED AND NON CARBONATED BEVERAGE CALL: $22,241
CARBONATED AND NON CARBONATED BEVERAGE CALL #3: $16,997

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$PEP Congressional Stock Trading

Members of Congress have traded $PEP stock 5 times in the past 6 months. Of those trades, 2 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $PEP stock by members of Congress over the last 6 months:

REPRESENTATIVE PETE SESSIONS sold up to $15,000 on 10/21.
REPRESENTATIVE SCOTT FRANKLIN has traded it 2 times. They made 2 purchases worth up to $30,000 on 08/26 and 0 sales.
REPRESENTATIVE RICHARD MCCORMICK sold up to $15,000 on 07/30.
REPRESENTATIVE MIKE KELLY sold up to $50,000 on 07/17.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$PEP Price Targets

Multiple analysts have issued price targets for $PEP recently. We have seen 11 analysts offer price targets for $PEP in the last 6 months, with a median target of $168.0.

Here are some recent targets:

Kevin Grundy from BNP Paribas set a target price of $183.0 on 07/08/2026
Lauren Lieberman from Barclays set a target price of $144.0 on 07/02/2026
Peter Grom from UBS set a target price of $172.0 on 07/02/2026
Andrea Teixeira from JP Morgan set a target price of $170.0 on 07/01/2026
Bryan Spillane from B of A Securities set a target price of $164.0 on 06/25/2026
Filippo Falorni from Citigroup set a target price of $170.0 on 06/25/2026
Steve Powers from Deutsche Bank set a target price of $168.0 on 06/18/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.