JP Morgan has upgraded PepsiCo Inc (PEP) to Overweight from Neutral, reflecting a more optimistic outlook on the company's prospects. The action, taken on December 9, 2025, comes as PepsiCo continues to navigate the competitive beverage and snack industry, which includes well-known brands such as Lay’s, Doritos, and Gatorade.
As of the upgrade, PepsiCo's shares are trading at $149.00, with a market capitalization of $197.8 billion. The company's trailing twelve months (TTM) price-to-earnings (P/E) ratio stands at 27.38, while earnings per share (EPS) is reported at 5.26. PepsiCo also boasts a dividend yield of 390.7%.
Upcoming earnings reports are anticipated, with estimates for July 15, 2026, predicting an EPS of $2.30 on revenues of $23.7 billion, and for April 22, 2026, an EPS of $1.61 with revenues of $18.8 billion. Recent earnings performance has shown positive surprises, including a Q3 2025 EPS of $2.29, surpassing expectations by 0.4%.
Analyst ratings and price targets provide insights based on research and financial models, but they are subject to change as new information becomes available. The current analyst consensus for PepsiCo indicates 3 Strong Buy, 8 Buy, 18 Hold, 1 Sell, and 0 Strong Sell ratings, suggesting a general Hold sentiment in the market. The recent upgrade by JP Morgan underscores the evolving view on PepsiCo's business fundamentals and strategic direction.