Zacks cuts estimate to USD 8.40 for PepsiCo stock

Published on 10/21/2026 at 10:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue rose 5.6 percent to USD 25.27 billion. PepsiCo stock costs EUR 118.53 on October 21, 2026, below Xetra close of EUR 119.56.

Estimate cut shapes PepsiCo outlook

Zacks Research cut its fiscal 2026 earnings-per-share estimate to USD 8.40 on October 16, 2026.
Third-quarter revenue reached USD 25.27 billion, up 5.6 percent year over year.
PepsiCo stock trades at EUR 118.53 at 10:34 a.m. CEST at Lang & Schwarz on October 21, 2026, 0.86 percent below the Xetra close of October 20, 2026.

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PepsiCo (ISIN US7134481081) was trading at EUR 118.53 at Lang & Schwarz on October 21, 2026, at 10:34 a.m. CEST, 0.86 percent below the Xetra close of EUR 119.56. MarketBeat reported on October 19, 2026, that Zacks Research had cut PepsiCo's fiscal 2026 earnings-per-share estimate to USD 8.40 from USD 8.56.

Third-quarter results delivered growth

MarketScreener carried PepsiCo's October 8, 2026 results release: third-quarter revenue increased 5.6 percent to USD 25.274 billion, while organic revenue rose 3.1 percent. Core earnings per share increased 2 percent to USD 2.34 from USD 2.29.

The release also showed a split performance. Reported operating profit increased 19 percent to USD 4.260 billion, but core operating profit rose 3 percent to USD 4.277 billion and core operating margin contracted 35 basis points.

Three October events reset expectations

On October 8, 2026, MarketScreener reported third-quarter revenue of USD 25.274 billion and core earnings per share of USD 2.34. On October 9, 2026, MarketBeat reported that JPMorgan cut its price target from USD 138.00 to USD 137.00 and kept a Neutral rating. On October 16, 2026, Zacks Research cut its fiscal 2026 earnings-per-share estimate from USD 8.56 to USD 8.40, as reported by MarketBeat.

What does the earnings reset change?

The Zacks estimate is USD 0.01 below the USD 8.41 consensus cited by MarketBeat. PepsiCo's current fiscal 2026 outlook calls for core earnings-per-share growth of 2.5 percent to 3.5 percent and organic revenue growth of approximately 3 percent, according to the October 8 release.

Stock trades below its yearly high

PepsiCo's euro quote sits within a 52-week range of EUR 109.90 to EUR 144.66. Its market capitalization was USD 182.6 billion as of October 20, 2026, while the Nasdaq listing trades under ticker PEP.

PepsiCo was trading at EUR 118.53 at Lang & Schwarz on October 21, 2026, at 10:34 a.m. CEST, 0.86 percent below the Xetra close of October 20, 2026 at EUR 119.56. The further course of trading is shown by the continuously updated real-time quote of PepsiCo stock.