PEPECOIN (PEP) news

Pepsi (PEP.US) soda sales are sluggish, putting Poppi's $300 million bonus in jeopardy

-- Earnings Flash (PEP) PepsiCo, Inc. Posts Q3 Adjusted EPS $2.34 per Share, vs. FactSet Est of $2.29

The weakest borrowers can no longer hold on! Morgan Stanley: CCC-rated credit spreads have surpassed 1000 basis points, bank stocks experience the most extreme overselling in 33 years.

U.S. stock indices are only 0.2% away from all-time highs, but there is turbulence beneath the calm surface: CCC-rated bond spreads have exceeded 1,000 basis points, marking the widest level since 2023 and credit differentiation has reached historic extremes. The gap in RSI between bank stocks and the S&P 500 is the largest in 33 years, indicating deep overselling; 10-year U.S. Treasury yields have soared to 5.30%, a new high since 2002. The upcoming bank stock earnings season, kicking off this Tuesday, is viewed as a crucial moment to test whether the market can bridge the gap between "fundamental resilience and investor concerns."

PEPSICO INC. : BARCLAYS CUTS TARGET PRICE TO $126 FROM $133

PepsiCo's North America Segment Remains Work in Progress, Deutsche Bank Says

01:10 PM EDT, 10/09/2026 (MT Newswires) -- PepsiCo's (PEP) North America segment remains a work in progress, even as the company continued to enjoy resilient momentum in its International business, Deutsche Bank said in a Friday note. Initiatives like affordability investments, evolved advertising, brand restaging, among others, have made little improvement in unit volume for PepsiCo Foods North America, while PepsiCo Beverages North America remains a "laggard competitively with weak margins," the bank said. While the company's management has discussed a number of prospective and ongoing actions that aim to improve near-term performance, it offered less clarity on how such actions will collectively lead to a "credibly improved growth and earnings algorithm by fiscal 2028," Deutsche Bank added. The bank has a hold rating and $132 price target on the company. Price: 126.40, Change: -1.95, Percent Change: -1.52

PepsiCo Delivered Slightly Better Than Feared Q3 Results Amid Low Bar, RBC Says

10:07 AM EDT, 10/09/2026 (MT Newswires) -- PepsiCo's (PEP) fiscal Q3 results were "marginally better than feared" amid a lowered bar, RBC Capital Markets said in a note Friday. PepsiCo reported fiscal Q3 core net income Thursday of $2.34 per diluted share, up from $2.29 a year earlier. Analysts polled by FactSet expected $2.29. Net revenue for the fiscal quarter ended Sept. 5 was $25.27 billion, up from $23.94 billion a year earlier. Analysts expected $24.95 billion. The beat was supported by strength in the company's international businesses as well as below-the-line tailwinds, RBC said. Meanwhile, the company's "Q4 guide-down reflects rising commodity costs and sustained reinvestment needs that linger into 2027," the note said. PepsiCo's domestic business is still the overhang, but management's "tone on refranchising was incrementally more open, a strategy we have long argued is the right long-term fix" for the company's North America beverage business, RBC said. RBC kept PepsiCo's sector perform rating and $150 price target. Price: 125.65, Change: -2.70, Percent Change: -2.10

PEPSICO : DEUTSCHE BANK CUTS TARGET PRICE TO $132 FROM $138

PEPSICO : DEUTSCHE BANK CUTS TARGET PRICE TO $132 FROM $138

JPMorgan Adjusts Price Target on PepsiCo to $137 From $138

07:05 AM EDT, 10/09/2026 (MT Newswires) -- PepsiCo (PEP) has an average rating of hold and mean price target of $143.80, according to analysts polled by FactSet. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Market Chatter: PepsiCo Raises $1.12 Billion in European Bond Market

07:02 AM EDT, 10/09/2026 (MT Newswires) -- PepsiCo (PEP) launched a 1 billion-euro ($1.12 billion) bond sale in Europe, Bloomberg reported Friday, citing unnamed sources. The offering is split into 500 million euros in three-year and nine-year tranches. The three-year bonds are initially being marketed at around 60 basis points above mid-swaps, while the nine-year bonds are being marketed at around 105 basis points above mid-swaps, according to the report. PepsiCo did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

BNP Paribas Cuts Price Target on PepsiCo to $157 From $161

06:40 AM EDT, 10/09/2026 (MT Newswires) -- PepsiCo (PEP) has an average rating of hold and mean price target of $143.80, according to analysts polled by FactSet. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Citi lowers Pepsi target price to $135

Citi has lowered Pepsi's (PEP.US) target price from $142 to $135.

PEPSICO : CITIGROUP CUTS TARGET PRICE TO $135 FROM $142

PEPSICO : CITIGROUP CUTS TARGET PRICE TO $135 FROM $142

BUZZ - Brokerage opinion: Pepsi's growth strategy in the US still needs adjustment

October 9 - Snack and soft drink giant PepsiCo (PEP.O) warned on Thursday that the recovery of growth and profit margins in its key North American market will take longer than planned, and stated it will implement further cost-cutting measures to offset weak demand for its snacks and beverages. Twenty-five analysts have given the stock an average rating of "Hold," with a median target price of $145, according to data compiled by LSEG. JPMorgan (rating: "Neutral," target price: $137) pointed out that the company remains strong in international markets, but demand for snacks and beverages in North America remains weak, with limited signs of near-term improvement. Deutsche Bank (rating: "Hold," target price: $132) noted that PepsiCo's North American Beverages (PBNA) segment continues to lag the competition, with weak profit margins. Although the company plans to strengthen brand investment and execution, the path to sustained improvement remains unclear. Piper Sandler ("Overweight," target price: $140) indicated that the company faces weak U.S. demand and cost pressures. While new protein and hydration products may support growth, such prospects have yet to be validated. RBC Capital Markets ("Sector Perform," target price: $150) highlighted that North American beverages remain the main drag, while franchise re-authorization could support longer-term growth.

After six weeks of consecutive declines, is a turning point ahead? Goldman Sachs bets on PepsiCo (PEP.US) for "ten years of growth," optimistic about the resilience of leading consumer companies amid inflation headwinds

PepsiCo has recently faced profit margin pressures due to rising costs and challenges in its beverage segment, but Goldman Sachs maintains its “buy” rating.

After six weeks of consecutive stock price declines, a turnaround may emerge? Goldman Sachs bets on PepsiCo (PEP.US) for "ten years of growth," confident in the resilience of leading consumer companies amid inflation headwinds.

According to apps of Zhihui Finance, PepsiCo (PEP.US) is expected to reverse its six-week losing streak in stock price. Although Goldman Sachs has lowered its price target for this American beverage, food, and snack giant, it still maintains a “Buy” rating, the most optimistic outlook. Improved third-quarter sales and overall business performance, as well as growth potential over the next decade, provide a foundation for the positive forecast. However, rising costs, margin pressure, and ongoing significant challenges in the beverage business execution are weighing on short-term earnings.

PEPSICO : DEUTSCHE BANK CUTS TARGET PRICE TO $132 FROM $138

PEPSICO : DEUTSCHE BANK CUTS TARGET PRICE TO $132 FROM $138

Piper Sandler lowers PepsiCo's target price to $140

Piper Sandler has lowered PepsiCo's target price from $176 to $140.

JPMorgan lowers PepsiCo's target price to $137

JPMorgan has lowered the target price for PepsiCo from $138 to $137.

PEPSICO : PIPER SANDLER CUTS TARGET PRICE TO $140 FROM $176

PEPSICO : PIPER SANDLER CUTS TARGET PRICE TO $140 FROM $176

PEPSICO : JP MORGAN CUTS TARGET PRICE TO $137 FROM $138

PEPSICO : JP MORGAN CUTS TARGET PRICE TO $137 FROM $138

Exclusive Report – Sources say Refresco is planning an initial public offering (IPO) with a valuation of over 10 billions dollars.

According to sources, several banks have been competing for IPO underwriting business in recent weeks. The sources said the potential listing could take place in either the United States or Europe. KKR acquired Refresco for approximately $8 billion in 2022. Reuters New York, October 8 – According to informed sources, Netherlands-based Refresco and its parent company KKR have recently heard pitches from several investment banks regarding their potential roles in the IPO of Refresco, one of the world's largest independent beverage manufacturers. Sources, speaking anonymously, revealed that Refresco is exploring listing plans, possibly in either the US or Europe, and that regardless of the market, the company’s valuation could surpass $10 billion. They cautioned that the plans are at a preliminary stage and may change. KKR, an investment firm, acquired the company in 2022 for about $8 billion through its global infrastructure strategy, which focuses on investing in critical infrastructure assets. Other investments under this strategy include utilities, energy, and telecommunications service companies. Both Refresco and KKR declined to comment. Founded in 1999 and headquartered in Rotterdam, Netherlands, Refresco partners with retailers such as Walmart and Aldi to produce private label beverage products, and also collaborates with branded beverage companies like Coca-Cola, PepsiCo, and Monster Beverage. Refresco claims to be the world’s largest independent beverage manufacturer, providing production, bottling, warehousing, logistics, and distribution services to partners. The company operates 85 production sites across North America, Europe, and Australia. According to its annual report, the company achieved nearly $7 billion in revenue and about $930 million in adjusted EBITDA in 2025. Sources noted that although Coca-Cola Consolidated mainly collaborates with Coca-Cola, this North Carolina-based beverage manufacturer could still be a relevant comparable for Refresco. According to data provider LSEG, that company's market capitalization is around $12.5 billion, and its EBITDA multiple is close to 12 times. Dealogic data show that the US IPO market had a strong start this year, with traditional IPO funding approaching $140 billion so far, making 2026 likely to approach the record levels seen in 2021. However, market volatility, rising bond yields, rate hike concerns, and increasing questions over AI spending and valuations are threatening the once-expected bumper autumn IPO season. Several companies, including smart ring maker Oura, have postponed planned listings in recent weeks. Nevertheless, IPO advisors and investors say companies continue to hold pitches with investment banks to vie for underwriting spots—known as “beauty contests.” They are also continuing informal meetings with investors and other preparations to allow them to move quickly when market conditions improve. (For the convenience of non-English speakers, Reuters automatically translates its reports into various languages. Reuters does not guarantee the accuracy of automated translations, and such translations are provided solely for reader convenience. Reuters accepts no liability for any damage or loss caused by use of the automated translation function.)

Update: Equities Mixed at Close as Crude Rallies

04:42 PM EDT, 10/08/2026 (MT Newswires) -- (Updates with market moves at the end of the day, and other changes, if any.) US benchmark equity indexes were mixed at closing on Thursday and oil prices increased as markets tracked the latest on the US-Iran war. The Nasdaq Composite fell 1.3% to 27,193.34, while the S&P 500 dropped 0.5% to 7,765.36, the second straight day of declines for the two measures. The Dow Jones Industrial Average gained 0.1% to 51,231.64. Energy led the gainers among sectors, while technology declined the most. Iran has no intention of giving up control of the Strait of Hormuz, with plans to block new routes for oil exports, Reuters reported Thursday, citing a senior diplomat in the region briefed by Tehran. US President Donald Trump ruled out strikes against Iran before the midterm elections. The statement followed reports that Trump and his national security team were weighing large-scale military operations against Iran. Brent crude oil was up 3.2% at $103.43 a barrel in Thursday late-afternoon trade, while West Texas Intermediate gained 2.9% to $90.85. The US central bank will likely have to raise interest rates further to bring inflation back to the 2% target faster, assuming there are no surprises in upcoming economic data, Federal Reserve Governor Christopher Waller said Thursday. However, the timing of any additional policy tightening is flexible, he said. Last month, the Federal Open Market Committee lifted its policy rate by 25 basis points, marking the first hike in just over three years as it sought to bring inflation down to its 2% target. Markets are pricing in an 83% probability that the central bank will keep its benchmark rate steady later this month, according to the CME FedWatch tool. The 10-year US Treasury yield was down 5 basis points at 5.23%, having hit the highest since 2002 on Wednesday. The two-year rate slipped 1.3 basis points to 4.75%. In company news, Starbucks (SBUX) has explored a takeover of Chipotle Mexican Grill (CMG) and has worked with advisers in recent

U.S. Stocks Mixed as Oil Spikes, AI Profit Doubts Hit Tech -- Update

By Rob Curran U.S. stocks were mixed as oil futures jumped, volatility continued in bond markets and doubts surfaced about artificial-intelligence profits. The Dow Jones Industrial Average rose 51.77 points, or 0.1%, to 51231.64. Meanwhile the S&P 500 fell 36.41 points, or 0.47%, to 7765.36, and the tech-heavy Nasdaq Composite slipped 345.35 points, or 1.25%, to 27193.34. It was the latest turbulent session in a back-and-forth start to the fourth quarter for the U.S. stock market. In the tug of war between bears and bulls, each side is anchored by data. Bears can point to the surge in energy prices causing a lasting bout of higher inflation and interest rates. The bull case is frequently reinforced by statistics from the AI boom. Oil futures surged $3.21, or 3.6%, to $91.49 a barrel after Iran struck a vessel near Qatar in an attack likely to slow tanker traffic in the Strait of Hormuz once again, while the approach of Hurricane Isaias threatened production in the U.S. Gulf. Treasury yields fell after another well-subscribed auction, this time for 30-year bonds. That followed strong demand for a 10-year note auction Wednesday. The yield on the 10-year Treasury note fell 0.049 percentage point to 5.232%. The yield on the 30-year bond declined 0.055 percentage point to 5.606%, the lowest close since Oct. 1 after testing multiyear highs earlier in the session. The yield on the two-year Treasury slipped 0.008 percentage point to 4.753%. The selloff in bonds is even more pronounced in Europe. The yield on the French 10-year bond has risen by 0.6728 percentage point in the last month, compared to a 0.430 percentage point increase for the U.S. equivalent, according to Dow Jones Market Data. One strategist said the turmoil in sovereign-bond markets could cause widespread ripple effects because much of the AI-driven economic expansion is fuelled by credit. "Credit spreads are widening around the world, so the cost of capital is rising on two fronts: the risk-free rate is going up, and the spread on top of it is going up t

Update: Equity Indexes Fall Intraday as Fed's Waller Says More Rate Hikes Needed

02:07 PM EDT, 10/08/2026 (MT Newswires) -- (Updates with latest market prices and developments.) US benchmark equity indexes were lower intraday Thursday as Federal Reserve Governor Christopher Waller said further policy tightening may be needed to tame inflation. The Nasdaq Composite fell 1.2% to 27,220.7 after midday Thursday. The S&P 500 declined 0.7% to 7,750, while the Dow Jones Industrial Average dropped 0.2% to 51,084.6. Energy led gainers among sectors, while technology declined the most. The US central bank will likely have to raise interest rates further to bring inflation back to the 2% target faster, assuming there are no surprises in upcoming economic data, Waller said Thursday. However, the timing of any additional policy tightening is flexible, he said. Last month, the Federal Open Market Committee lifted its policy rate by 25 basis points, marking the first hike in just over three years as it sought to bring inflation down to its 2% target. Markets are currently pricing in an 83% probability that the central bank will keep its benchmark rate steady later this month, with the remaining odds in favor of a 25-basis-point hike, according to the CME FedWatch tool. President Donald Trump said Thursday that the US will not attack Iran before the midterm election. It followed reports that Trump and his national security team were weighing large-scale military operations against Iran. Brent crude oil was up 3.2% to $103.42 a barrel intraday Thursday, while West Texas Intermediate gained 2.9% to $90.84. The 10-year US Treasury yield was down 3.8 basis points at 5.24%, having hit the highest since 2002 on Wednesday. The two-year rate slipped 0.8 basis points to 4.76%. In company news, Starbucks (SBUX) has explored a takeover of Chipotle Mexican Grill (CMG) and has worked with advisers in recent months on a potential acquisition bid, the Financial Times reported Thursday, citing sources. Starbucks' shares fell 4.3%, while Chipotle rallied 7.3%, the most on the S&P 500. PepsiCo (PEP) lowered its full-year earn

Sector Update: Consumer Stocks Mixed Thursday Afternoon

01:32 PM EDT, 10/08/2026 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) adding 2.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.1%. In corporate news, PepsiCo (PEP) lowered its full-year earnings growth outlook amid projected margin pressures in its North American business, but its fiscal Q3 results topped market expectations. Its shares rose 2.2%. Levi Strauss (LEVI) shares fell past 3% after the firm reported fiscal Q3 sales below market estimates, driven by softer-than-expected trends in its direct-to-consumer channel. Starbucks (SBUX) has explored a takeover of Chipotle Mexican Grill (CMG) and has worked with advisers in recent months on a potential proposal, the Financial Times reported. The current status of Starbucks' plans and whether it has submitted a formal offer to Chipotle could not be determined, the report said. Starbucks shares were down 4.5%, while Chipotle jumped past 7%. Movado (MOV) shares were 1.2% lower after the company said it has agreed to sell a 95% stake in its EBEL luxury watch brand for $66.5 million to a group led by Montres Journe, with participation from Chanel and Pierre Jacques.

PepsiCo Isn't Looking to Split Its Snacks and Beverage Businesses -- Market Talk

1153 ET - PepsiCo CEO Ramon Laguarta says the company is open to exploring strategic options that would improve execution in the beverage business, particularly in the U.S. That being said, the company's main focus is to continue to invest in its brands, executing on its strategy to grow the business. At this point, there are no plans to separate PepsiCo's snacks and beverage businesses: "No, that's not what we're thinking about," Laguarta says in an interview with CNBC, when asked about a potential split. (connor.hart@wsj.com) (END) Dow Jones Newswires October 08, 2026 11:53 ET (15:53 GMT)

PepsiCo CEO: Urgent Fixes Needed for Soft Drinks Business -- WSJ

By Laura Cooper PepsiCo's CEO said his company is losing the beverage wars. Ramon Laguarta said PepsiCo isn't competing well in soft drinks, including its flagship Pepsi. It plans to put "all the urgency of the business and the focus on improving our performance in soft drinks," he said on a conference call. The plan includes increasing investment behind recently acquired prebiotic soda brand Poppi as well as Mountain Dew and Pepsi. The company is focused on cutting costs and investing those savings back into the beverage business, he said. This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). (END) Dow Jones Newswires October 08, 2026 10:01 ET (14:01 GMT)

Pepsi's third-quarter performance exceeds expectations, rising about 1%

PepsiCo (PEP.US) is up about 1% as the company's third-quarter results exceeded expectations.

Stocks to Watch: Samsung, Pepsi, TSMC -- WSJ

By WSJ Staff Samsung Electronics (KR:005930): The Korean chip company said it expects its operating profit for this quarter to be more than double what it made for all of 2025. Still, shares fell, showing how lofty expectations from AI beneficiaries have become. Chip stocks including Micron (MU), Nvidia (NVDA) and Intel (INTC) also slipped in the U.S. Taiwan Semiconductor Manufacturing (TSM, TW:2330): The chip giant's September sales rose 55% on year, but they were down 0.6% from the previous month. Its U.S.-listed ADRs slipped. PepsiCo (PEP): The snacks and soda maker cut its earnings outlook for the year but said it saw improvement in its underperforming North American business; shares rose. Pacira BioSciences (PCRX): Shares in the pain-drug maker surged after Viatris (VTRS) agreed to buy it for $1.65 billion. This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). (END) Dow Jones Newswires October 08, 2026 09:55 ET (13:55 GMT)

Sector Update: Consumer Stocks Mixed Premarket Thursday

09:18 AM EDT, 10/08/2026 (MT Newswires) -- Consumer stocks were mixed premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.1% higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.5%. PepsiCo (PEP) shares were up 0.7% after the company reported higher fiscal Q3 core net income and net revenue. Coupang (CPNG) filed two lawsuits against South Korea's Personal Information Protection Commission, seeking to reverse 624.7 billion South Korean won ($466.1 million) in penalties for privacy violations, Seoul Economic Daily and Chosun Biz reported, citing legal sources. Coupang stock was 0.4% lower pre-bell. Movado (MOV) shares were 0.1% higher after the company said it has agreed to sell a 95% stake in its EBEL luxury watch brand for $66.5 million to a group led by Montres Journe, with participation from Chanel and Pierre Jacques.