PepsiCo stock rose 2.1% following several recent company announcements and analyst actions. TD Cowen raised its price target on PepsiCo to $165 from $162 while maintaining a Hold rating, citing the company's clarified turnaround strategy and reiterated 2026 guidance expressing confidence in returning to 4-6% sales growth by late 2026. The company has launched multiple new products including Pepsi Prebiotic Cola nationwide, a creator-led Flavor Swap chip line in collaboration with social media personalities, and expanded into vegetable soups under its Alvalle brand. PepsiCo also secured Major League Baseball sponsorship deals with Mountain Dew Baja Blast as the official soft drink and renewed Gatorade's partnership through four decades. Additionally, the company appointed two PepsiCo executives to Celsius Holdings' board, deepening ties between the companies.
Read full analysisPepsiCo stock rose 2.1% following several recent company announcements and analyst actions. TD Cowen raised its price target on PepsiCo to $165 from $162 while maintaining a Hold rating, citing the company's clarified turnaround strategy and reiterated 2026 guidance expressing confidence in returning to 4-6% sales growth by late 2026. The company has launched multiple new products including Pepsi Prebiotic Cola nationwide, a creator-led Flavor Swap chip line in collaboration with social media personalities, and expanded into vegetable soups under its Alvalle brand. PepsiCo also secured Major League Baseball sponsorship deals with Mountain Dew Baja Blast as the official soft drink and renewed Gatorade's partnership through four decades. Additionally, the company appointed two PepsiCo executives to Celsius Holdings' board, deepening ties between the companies.
PepsiCo is one of the world's largest food and beverage companies, selling brands including Pepsi, Lay's, Doritos, Gatorade, and Quaker across more than 200 countries. The company recently beat Q4 earnings estimates and announced a $10 billion buyback alongside snack price cuts to retain budget-conscious shoppers. Its low-beta, defensive profile makes it a frequent beneficiary of risk-off rotation, as seen today when investors fled cyclicals and financials into staples names.