PEP changes
Pick any two versions below to diff them.
- Price
- $125.97 → $134.70(+6.9%)
- Discount
- 21% to 29% → 16% to 24%(−5.0 pts)
- Recent events
- 2026-10-15: KFC said that it will change its US drinks supplier from PepsiCo to Coca-Cola. The change starts in January 2027, and all of its about 3,700 US restaurants should serve Coca-Cola drinks by spring 2027. The partnership with PepsiCo started about four decades ago. PepsiCo keeps KFC's drinks business outside the US. The companies did not disclose financial terms. 2026-10-09: PepsiCo confirmed that it will raise prices on some snacks and drinks, such as Doritos, Ruffles, SunChips and some sodas, by single-digit percentages. It named higher fuel, aluminum and farm costs. It said that prices stay below their level at the start of 2026. On the same day, it priced 1.0 billion euros of new notes due in 2029 and 2035. 2026-10-08: PepsiCo reported Q3 2026 results. Net revenue rose 5.6% to $25.27 billion, and organic revenue rose 3.1%. Core EPS was $2.34, up 2%, and $0.05 above the consensus estimate. Core operating margin fell 35 basis points to 16.9%. Tariff refunds added 4 percentage points to core operating profit growth. PepsiCo Foods North America organic revenue was flat: volume grew 0.5% and net pricing fell 1%. Its core operating profit fell 12% in constant currency. North America beverage organic volume fell 3%. International segments grew organic revenue 6% to 9%. 2026-10-08: PepsiCo cut its 2026 guidance for core constant currency EPS growth to 1% to 2%, from the low end of 4% to 6%. It now expects organic revenue growth of about 3% and still plans to return $8.9 billion to shareholders. Including currency effects, it expects core EPS growth of 2.5% to 3.5%. The CEO said that new structural cost cuts will start in the coming months, to fund investment and offset rising input costs. 2026-09-24: Bloomberg reported that PepsiCo plans to raise prices on some snacks and drinks. Its earlier price cuts did not grow sales. 2026-09-17: PepsiCo's board elected Joaquin Duato, Chairman and CEO of Johnson & Johnson, as an independent director effective December 1, 2026. 2026-07-09: PepsiCo reported Q2 2026 results: net revenue of $24.18 billion, up 6.4%, with organic revenue up 2.4%. Core EPS was $2.20, a cent above the consensus estimate. Core operating margin fell 40 basis points to 16.8%. North America beverage volume fell 4% and North America foods volume was flat. The CEO said that the US consumer was weaker than expected, mainly because of high gas prices. The shares fell about 5% that day. 2026-04-16: PepsiCo reported Q1 2026 results: net revenue of $19.4 billion, up 8.5%, with organic revenue up 2.6% and core EPS of $1.61, ahead of estimates. PepsiCo Foods North America volume grew 2%, after February 2026 price cuts of up to about 15% on Lay's, Doritos, Tostitos, and Cheetos. 2026-02-03: PepsiCo reported Q4 and full-year 2025 results and gave 2026 guidance of 2-4% organic revenue growth and 4-6% core constant-currency EPS growth. The board raised the annualized dividend 4% to $5.92 per share, its 54th straight annual increase, and authorized a new $10 billion share buyback program running through February 2030. 2025-12-08: PepsiCo reached an agreement with activist investor Elliott Management. It committed to a review of its North America supply chain and go-to-market model with an update in late 2026, record 2026 productivity savings, cutting its US product lineup by about 20%, lower-priced options, and at least 100 basis points of core operating margin growth over three years. Press reports said the CEO did not plan a full refranchising of the North America bottling network. 2025-09-02: Elliott Investment Management disclosed a stake of about $4 billion in PepsiCo. It pushed PepsiCo to refranchise its company-owned North America bottling network and to review food assets that do not perform well. 2025-05-19: PepsiCo completed its acquisition of poppi, a prebiotic soda brand, for $1.95 billion in cash plus contingent consideration tied to performance milestones.