Did Jefferies recommend buying PepsiCo stock?

No, Jefferies reiterated a Hold rating, not a Buy.

Why did Jefferies cut the price target?

Due to PepsiCo's weak year-to-date performance in the U.S.

Is PepsiCo still a good stock for passive income?

Yes, analysts still view it as a solid choice due to its stable dividends.

Jefferies Cuts PepsiCo Price Target to $162, Maintains Hold

Jefferies reduced its price target on PepsiCo (PEP) to $162 from $164, keeping a Hold rating. The adjustment comes ahead of Q2 earnings, citing soft U.S. year-to-date performance.

June 28, 2026

2 min read

Source: Insider Monkey

Key Numbers

price target

$162

previous target

$164

Jefferies lowered its price target on PepsiCo, Inc. (NASDAQ:PEP) to $162 from $164, reiterating a Hold rating on the stock. The revision was part of the firm's Q2 earnings preview.

Rating Change

Previous Price Target: $164
New Price Target: $162
Rating: Hold

Analyst Rationale

Jefferies noted that PepsiCo's year-to-date performance in the U.S. has been underwhelming, prompting the slight reduction in price target. However, the firm still sees the stock as a solid choice for passive income due to its reliable dividend.

Context

PepsiCo has faced headwinds in the domestic market, including inflationary pressures and shifting consumer preferences. Other analysts have mixed views, with some maintaining Buy ratings and others cautious. The stock remains a staple in dividend-focused portfolios.

What This Means

While the price target cut signals near-term caution, PepsiCo's strong dividend history and global brand portfolio continue to attract income investors. The upcoming Q2 results will provide further clarity.

Frequently Asked Questions

Jefferies set a new price target of $162, down from $164.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.