PepsiCo (NASDAQ:PEP) Stock

PepsiCo

Pepsico, Inc.

NYSE

PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US and overseas. International markets made up 40% of both total sales and operating profits in 2024.

PepsiCo Inc

Pepe - United States Dollar

PepGen Inc

PEPPERLIME HEALTH ACQUISITION CORP ORD

PEPPERLIME HEALTH ACQUISITION CORP UNIT

PEPPERLIME HEALTH ACQUISITION CORP WARRANT

Parametric Equity Plus ETF

PEXIP HLDG ASA UNSP/ADR by Pexip Hldg ASA

Pexip Holding ASA

NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) will likely be one of the top stocks to watch next week. The company's annual GTC conference, often referred to as the Global AI Conference, will take place, and CEO Jensen Huang will once again provide<a href="https://www.benzinga.com/news/24/03/37803088/nvidia-gtc-2024-ceo-huang-highlights-the-past-present-and-future-of-ai-a-new-industry-has-emerged"> a keynote speech.</a>
What Happened: The GTC Conference runs March 17 through March 21, with Huang's keynote coming on March 18 at 1 p.m. ET. The event could serve as <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/44015322/nvidia-analyst-sees-significant-upside-for-stock-with-favorable-riskreward">the next catalyst</a> for the stock, which has fallen in recent months.
Nvidia's AI conference will give the company a chance to highlight new and upcoming products, give updates on demand for items like the Blackwell chips and showcase future monetization opportunities like robotics and automotives.
Nvidia said Huang's <a href="https://www.youtube.com/watch?v=_waPvOwL9Z8">keynote </a>and the event will provide a "glimpse into the future of AI infrastructure, scientific computing, AI and robotics."
"AI is pushing the limits of what's possible — turning yesterday's dreams into today's reality," Huang <a href="https://nvidianews.nvidia.com/news/nvidia-ceo-jensen-huang-and-industry-visionaries-to-unveil-whats-next-in-ai-at-gtc-2025">said</a>. "GTC brings together the brightest scientists, engineers, developers and creators to imagine and build a better future. Come and be first to see the new advances in NVIDIA computing and breakthroughs in AI, robotics, science and the arts that will transform industries and society."
A preview of GTC from <a href="https://techcrunch.com/2025/03/12/nvidia-gtc-2025-what-to-expect-from-this-years-show/">TechCrunch </a>said the expectation is Nvidia shows off an upgraded lineup of the Blackwell chip, like the Blackwell B300 series, codenamed Blackwell Ultra. The chip is slated for a release in the second half of 2025.
The preview also said Nvidia could showcase Rubin, the company's next-gen GPU series, which will be released in 2026.
Huang said on a recent Nvidia earnings call that he would talk about post-Rubin products at GTC, which could mean additional product showcases as the company looks toward 2026 and beyond.
Nvidia will also likely showcase its role in quantum computing. The company will host its <a href="https://www.benzinga.com/news/25/01/43001201/nvidia-announces-first-ever-quantum-day-at-gtc-2025-days-after-jensen-huang-said-quantum-computing-is-20-years-away" target="_blank" rel="noopener">first-ever</a><a href="https://www.benzinga.com/news/25/01/43001201/nvidia-announces-first-ever-quantum-day-at-gtc-2025-days-after-jensen-huang-said-quantum-computing-is-20-years-away"> quantum day </a>at GTC, which will feature executives from several leading companies in the sector.
Read Also: <a href="https://www.benzinga.com/tech/25/03/44309316/dow-curse-strikes-again-nvidias-stock-performance-since-joining-the-index">Dow Curse Strikes Again: Nvidia&#8217;s Stock Performance Since Joining The Index</a>
Why It's Important: Keynotes from Huang and product unveilings have proven to be major catalysts for Nvidia and its stock.
Huang gave a keynote at this year's CES earlier in January. Huang's speech happened after market hours on Jan. 6. Nvidia stock opened at $152.03 on Jan. 7 and hit the all-time high of $153.13 during that day.
Investor optimism in the stock may have peaked around the keynote and product announcements at the event as shares have fallen since then.
With Nvidia stock currently down year-to-date, Huang's GTC keynote could serve as a pivotal moment to create optimism in the company's chips and AI business once again along with some potential new products and catalysts that haven't been factored into the stock.
Other Companies to Watch: Over 25,000 people are expected to attend GTC 2025, which will have over 1,000 sessions and more than 2,000 speakers.
Last year's GTC event provided a boost to several public companies who were mentioned as Nvidia partners by the company.
A current speaker lineup also shows that several public companies will have speakers at the conference, which could make their stocks worth watching for investors as AI continues to be a catalyst watched by analysts and investors.
Here are some of the public companies that have <a href="https://www.nvidia.com/gtc/speakers/">speakers </a>at GTC 2025:
<ul>
<li>Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)</li>
<li>Yum! Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>)</li>
<li>Mastercard Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>)</li>
<li>Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</li>
<li>Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>)</li>
<li>PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>)</li>
<li>Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>)</li>
<li>Coca-Cola Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>)</li>
<li>Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>)</li>
<li>Illumina Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>)</li>
<li>Equinix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>)</li>
<li>ServiceNow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>)</li>
<li>AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</li>
<li>The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)</li>
</ul>
While many companies are represented by AI sector executives or chief technology officers, Rivian stands out with its CEO and founder, RJ Scaringe, speaking at the event.
Nvidia's Quantum Day on March 20 could also serve as a catalyst for the overall quantum computing sector and provide a boost for companies speaking, which <a href="https://www.nvidia.com/gtc/sessions/quantum-day/#:~:text=NVIDIA%20founder%20and%20CEO%20Jensen,holds%20for%20useful%20quantum%20computing.">include</a>:
<ul>
<li>D-Wave Quantum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>)</li>
<li>IonQ Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>)</li>
<li>Rigetti Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>)</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</li>
<li>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</li>
</ul>
While there is no guarantee that any company or stock will be as impacted as Nvidia by GTC 2025, investors should know the companies present at the event and be prepared for potential catalysts and press releases related to the event.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/41888032/nvidia-ceo-jensen-huang-said-nvidia-has-no-long-term-strategy-how-this-philosophy-is-similar-to-his-reason-to-not-wear-a-watch">Nvidia CEO Jensen Huang Doesn&#8217;t Wear A Watch After A Gardner Taught Him The Secret Of Time</a></li>
</ul>
Photo: jamesonwu1972/Shutterstock.com

AMZN

EQIX

ILMN

IONQ

MSFT

NVDA

QBTS

RGTI

RIVN

Nvidia Stock Reached All-Time Highs After Jensen Huang's CES Keynote — Will Next Week's GTC Spark Another Surge?

<a href="https://www.reuters.com/business/retail-consumer/us-food-giants-pepsico-conagra-seek-exempt-some-imports-tariffs-trade-group-says-2025-03-12/" title="https://www.reuters.com/business/retail-consumer/us-food-giants-pepsico-conagra-seek-exempt-some-imports-tariffs-trade-group-says-2025-03-12/">https://www.reuters.com/business/retail-consumer/us-food-giants-pepsico-conagra-seek-exempt-some-imports-tariffs-trade-group-says-2025-03-12/</a>

News

Reuters Reported Wednesday, PepsiCo, Conagra, J M Smucker Requested President Trump Exempt Ingredients Not Available From U.S. Sources, From Tariffs

When President Trump announced a 50% tariff on Canadian aluminum and steel imports, it created a cloud of fear and <a href="https://www.benzinga.com/markets/equities/25/03/44269301/trumps-25-tariffs-on-steel-and-aluminum-imports-take-effect-eu-retaliates-us-steel-nucor-century-aluminum-and-other-domestic-stocks-cheer">uncertainty in the markets</a>. 
Stocks dropped as the 25% previously announced tariffs set to be implemented on Wednesday were anticipated to be doubled.
Trump later hinted at reconsideration after Ontario's premier suspended a surcharge on electricity exports. While domestic producers may benefit, higher costs could dent the profits of industries that rely heavily on these materials.
Also Read: <a href="https://www.benzinga.com/news/25/03/44253100/trump-slaps-50-tariff-on-canadian-steel-aluminum-threatens-auto-industry">Trump Slaps 50% Tariff On Canadian Steel &amp; Aluminum, Threatens Auto Industry</a>
This has presented a good opportunity to look into exchange-traded funds, <a href="https://www.benzinga.com/etfs">ETFs, that may gain or lose</a>:
<ul>
<li>VanEck Steel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLX#NYSE">SLX</a>): The ETF gained 1.3% on Tuesday. Its U.S. exposure is at 53.78%, with Brazil and Australia following at 14.65% and 10.71%, respectively. SLX has the least exposure to Canada at less than 1%. The ETF carries an expense ratio of 56 basis points. Tariffs on materials imports from Canada bode well for domestic producers. SLX has exposure to United States Steel Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) and Steel Dynamics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>).</li>
</ul>
<ul>
<li>iShares U.S. Basic Materials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYM#NYSE">IYM</a>): This fund appeals to investors seeking a conservative way to gain aluminum exposure. The ETF&#8217;s exposure is spread out to base metals stocks and other materials sectors like chemicals and forestry products. This makes it a less speculative investment. This reduces risks from an aluminum market downturn. The ETF holds stocks of aluminum leaders such as Alcoa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) and Reliance Steel &amp; Aluminum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>). Both stand to gain if the tariffs are implemented.</li>
</ul>
<ul>
<li>The Invesco Building &amp; Construction ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKB#NYSE">PKB</a>): One of the outcomes of the 50% (or even 25%) tariffs on steel and aluminum imported from Canada is that it will drive up materials prices in the U.S. Higher steel prices may weigh on the construction sector. This fund could face profitability issues as steel is a key raw material in the industry it is exposed to.</li>
</ul>
<ul>
<li>The Invesco Food &amp; Beverage ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBJ#NYSE">PBJ</a>): This fund could see headwinds as higher aluminum costs may pressure the food and beverage bottling industry as well. Companies like Diageo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DEO#NYSE">DEO</a>), Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), and PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) likely to face increased costs.</li>
</ul>
<h2 class="wp-block-heading">U.S. Steel Industry Backs The Move</h2>
Despite the market jitters, U.S. steel manufacturers are largely in favor of the tariffs. In a <a href="https://www.steel.org/2025/03/five-steel-groups-pledge-support-for-steel-tariffs-applaud-actions/">letter </a>to the president, five steel industry executives, represented by American Iron and Steel Institute, expressed their strong support for the 25% tariffs. Moreover,&nbsp;Jesse Gary, the CEO of&nbsp;Century Aluminum&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>) <a href="https://www.benzinga.com/markets/equities/25/03/44269301/trumps-25-tariffs-on-steel-and-aluminum-imports-take-effect-eu-retaliates-us-steel-nucor-century-aluminum-and-other-domestic-stocks-cheer">told the New York Times</a>, &#8220;The new tariffs will close those loopholes back up and enable us to begin investing again, and bring on more production here in the U.S.&#8221;
While steel producers in the U.S. are supportive, the aluminum industry has shown a mixed reaction. Alcoa CEO William Oplinger <a href="https://www.investopedia.com/alcoa-s-ceo-says-trump-tariffs-could-wipe-out-100-000-u-s-jobs-11686292">voiced </a>concerns that tariffs could hurt the U.S. aluminum sector due to the company's strong ties to Canadian operations.
The impact of tariffs will likely trickle down to consumers as well. Domestic steel prices have already surged from around $700 to nearly $1,000 per ton since Trump's initial announcement in February. A Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-03-11/trump-s-metal-tariffs-set-to-hit-favorites-like-baseball-bats-and-fishing-reels">report </a> said that higher costs could affect a range of products, from aluminum baseball bats to stainless steel cookware and fishing reels.
Investors should keep an eye on ETFs exposed to these sectors, as they may see significant movement in the coming weeks. Whether Trump follows through with the full 50% tariff or retreats from the threat, the ripple effects will be felt across multiple industries and investment tools.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/new-etfs/25/03/44285737/dailydelta-rolls-out-etfs-for-daily-nasdaq-100-index-movements">DailyDelta Rolls Out ETFs For Daily Nasdaq-100 Index Movements</a></li>
</ul>
Image: Midjourney

Sector ETFs

ETFs

CENX

iShares Trust Dow Jones US Basic Materials Sector Index Fund

PowerShares ETF Trust Dynamic Building &nstruction Portfolio

STLD

Steel & Aluminum Import Tariff Threat: 4 ETFs Gaining & Losing In The Market Shake-Up

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Jefferies analyst Kaumil Gajrawala downgraded the rating for PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) from Buy to Hold and lowered the price target from $171 to $170. PepsiCo shares closed at $152.33 on Tuesday. <a href="https://www.benzinga.com/quote/pep/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Ladenburg Thalmann analyst Jeffrey Cohen downgraded Zynex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZYXI#NASDAQ">ZYXI</a>) from Buy to Neutral. Zynex shares closed at $7.00 on Tuesday. <a href="https://www.benzinga.com/quote/zyxi/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush analyst Robert Driscoll downgraded Arvinas, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARVN#NASDAQ">ARVN</a>) from Outperform to Neutral and lowered the price target from $57 to $12. Arvinas shares closed at $8.30 on Tuesday. <a href="https://www.benzinga.com/quote/arvn/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Graham Doyle downgraded the rating for Smith &amp; Nephew plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNN#NYSE">SNN</a>) from Buy to Neutral. Smith &amp; Nephew shares closed at $29.84 on Tuesday. <a href="https://www.benzinga.com/quote/snn/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>William Blair analyst Maggie Nolan downgraded Magic Software Enterprises Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGIC#NASDAQ">MGIC</a>) from Outperform to Market Perform. Magic Software shares closed at $13.39 on Tuesday. <a href="https://www.benzinga.com/quote/mgic/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying PEP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="602" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/12130446/image-88-1024x602.png" alt="" class="wp-image-821432" style="width:642px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/12130446/image-88-1024x602.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/12130446/image-88-300x176.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/12130446/image-88-768x451.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/12130446/image-88.png 1152w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/25/03/44274110/top-2-industrials-stocks-that-may-collapse-in-march">Top 2 Industrials Stocks That May Collapse In March</a></li>
</ul>

Downgrades

Markets

Analyst Ratings

Trading Ideas

ARVN

MGIC

ZYXI

This PepsiCo Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday

WIIM

PepsiCo shares are trading lower after Jefferies downgraded the stock  from buy to hold and lowered the price target from $171 to $170.

Jefferies analyst Kaumil Gajrawala downgrades PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) from Buy to Hold and lowers the price target from $171 to $170.

Price Target

Jefferies Downgrades PepsiCo to Hold, Lowers Price Target to $170

PepsiCo's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NYSE">PEP</a>) short percent of float has risen 6.45% since its last report. The company recently reported that it has 18.04 million shares sold short, which is 1.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.44 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>PepsiCo Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741719631_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for PepsiCo has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing PepsiCo's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, PepsiCo's peer group average for short interest as a percentage of float is 8.02%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About PepsiCo?

Financial giants have made a conspicuous bearish move on PepsiCo. Our analysis of options history for PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) revealed 12 unusual trades.
Delving into the details, we found 41% of traders were bullish, while 58% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $320,500, and 9 were calls, valued at $291,483.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $135.0 to $170.0 for PepsiCo during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for PepsiCo's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of PepsiCo's whale trades within a strike price range from $135.0 to $170.0 in the last 30 days. 
<h3>PepsiCo Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741718756_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PEP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$1.77</td>
<td>$1.61</td>
<td>$1.71</td>
<td>$135.00</td>
<td>$256.5K</td>
<td>3.8K</td>
<td>1.5K</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$10.45</td>
<td>$10.25</td>
<td>$10.25</td>
<td>$145.00</td>
<td>$52.2K</td>
<td>915</td>
<td>88</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$17.5</td>
<td>$17.25</td>
<td>$17.25</td>
<td>$145.00</td>
<td>$43.1K</td>
<td>420</td>
<td>25</td>
</tr>
<tr>
<td>PEP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$6.6</td>
<td>$6.5</td>
<td>$6.5</td>
<td>$155.00</td>
<td>$39.0K</td>
<td>562</td>
<td>68</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$1.65</td>
<td>$1.62</td>
<td>$1.62</td>
<td>$170.00</td>
<td>$30.6K</td>
<td>14.2K</td>
<td>225</td>
</tr>
</tbody>
</table>

<h3>About PepsiCo</h3>
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US and overseas. International markets made up 40% of both total sales and operating profits in 2024.
After a thorough review of the options trading surrounding PepsiCo, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>PepsiCo's Current Market Status</h3>
<ul>
<li>Trading volume stands at 4,746,388, with PEP's price down by -2.31%, positioned at $152.64.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 42 days.</li>
</ul>
<h3>What The Experts Say On PepsiCo</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $168.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for PepsiCo, targeting a price of $168. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for PepsiCo with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

Options

PepsiCo Unusual Options Activity

MDLZ

MNST

Shares of consumer staples stocks are trading higher. The sector may be up amid economic uncertainty and US tariffs, which could drive a rotation into defensive stocks.

Robert F. Kennedy Jr., the new Secretary of Health and Human Services, is reportedly set to meet with top executives from <a target="_blank" href="https://www.benzinga.com/25/02/43832950/oreo-maker-mondelez-faces-rising-costs-due-to-new-us-health-policies" rel="noreferrer noopener">several major food brands on Monday.</a>
This gathering marks the first direct encounter between Kennedy and the companies he&#8217;s publicly accused of contributing to Americans&#8217; health issues, <a target="_blank" href="https://www.politico.com/news/2025/03/08/rfk-jr-food-industry-meeting-00219631" rel="noreferrer noopener">reports </a>POLITICO, citing sources familiar with the discussions.
Among the expected attendees are senior leaders from General Mills, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) and PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>).
The discussion comes at the request of the White House, which has encouraged Cabinet officials to engage with industries they oversee. Kennedy, a vocal critic of the food industry, has long blamed major food conglomerates for fueling the rise of chronic illnesses in children, the report adds.
Also Read:<a target="_blank" href="https://www.benzinga.com/25/03/44209030/benzinga-bulls-and-bears-broadcom-chargepoint-bigbear-ai-and-tariff-whiplash-confounds-markets" rel="noreferrer noopener"> Benzinga Bulls And Bears: Broadcom, ChargePoint, BigBear.ai — And Tariff Whiplash Confounds Markets</a>
His &#8220;Make America Healthy Again&#8221; movement advocates for significant changes to food practices, such as reducing food dyes and banning certain chemicals.
The meeting, which could be a pivotal moment for both the industry and Kennedy&#8217;s agenda, will address concerns such as eliminating seed oils, banning additives, and the FDA&#8217;s new plans for nutrition labels, POLITICO further notes.
Food companies have expressed alarm over Kennedy&#8217;s proposals, particularly his stance on ultra-processed foods and his push for stricter regulations on additives.
Additionally, the U.S. Department of Health and Human Services and the Department of Agriculture are expected to finalize the next Dietary Guidelines for Americans, providing another opportunity for the food industry to sway key decisions on nutrition and public health.
The meeting&#8217;s agenda remains uncertain, with some industry players expressing concerns about potential conflicts over the direction of the discussions.
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Equities

Politics

General

RFK Jr. Takes On Food Giants: Calls Meeting With PepsiCo And General Mills

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Piper Sandler cut Elanco Animal Health Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELAN#NYSE">ELAN</a>) price target from $16 to $12. Piper Sandler analyst David Westenberg maintained a Neutral rating. Elanco Animal Health shares closed at $10.85 on Wednesday. <a href="https://www.benzinga.com/quote/ELAN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays cut the price target for Array Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) from $9 to $8. Barclays analyst Christine Cho maintained an Overweight rating. Array Technologies shares closed at $5.42 on Wednesday. <a href="https://www.benzinga.com/quote/ARRY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stephens &amp; Co cut The Descartes Systems Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) price target from $145 to $137. Stephens &amp; Co. analyst John Campbell maintained an Overweight rating. Descartes Systems shares closed at $110.92 on Wednesday. <a href="https://www.benzinga.com/quote/DSGX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wedbush raised the price target for Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) from $230 to $240. Wedbush analyst Daniel Ives maintained an Outperform rating. Marvell Technology shares closed at $90.14 on Wednesday. <a href="https://www.benzinga.com/quote/MRVL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo cut the price target for FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) from $320 to $275. Wells Fargo analyst Christian Wetherbee maintained an Equal-Weight rating. FedEx shares closed at $250.41 on Wednesday. <a href="https://www.benzinga.com/quote/FDX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird cut Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) price target from $440 to $370. Baird analyst Ben Kallo maintained an Outperform rating. Tesla shares settled at $279.10 on Wednesday. <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler slashed Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) price target from $51 to $50. Piper Sandler analyst Mark Lear maintained a Neutral rating. Occidental Petroleum shares closed at $45.51 on Wednesday. <a href="https://www.benzinga.com/quote/OXY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays raised PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) price target from $153 to $168. Barclays analyst Lauren Lieberman maintained an Overweight rating. PepsiCo shares closed at $153.88 on Wednesday.  <a href="https://www.benzinga.com/quote/pep/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities cut the price target for Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) from $150 to $120. B of A Securities analyst Vivek Arya maintained a Buy rating. Marvell Technology shares settled at $90.14 on Wednesday. <a href="https://www.benzinga.com/quote/mrvl/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird cut THOR Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) price target from $110 to $100. Baird analyst Craig Kennison maintained an Outperform rating. THOR Industries shares closed at $81.40 on Tuesday. <a href="https://www.benzinga.com/quote/tho/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Barclays analyst Lauren Lieberman maintains PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) with a Overweight and raises the price target from $153 to $168.

Barclays Maintains Overweight on PepsiCo, Raises Price Target to $168

The partnership will continue to give PepsiCo and its brands a broad presence across the MSG Family of Companies' portfolio of premier sports and entertainment assets, which includes New York's Madison Square Garden, Radio City Music Hall, The Theater at Madison Square Garden and the Beacon Theatre; The Chicago Theatre; Sphere in Las Vegas; the New York Knicks, New York Rangers and Westchester Knicks professional sports franchises; the Christmas Spectacular Starring the Radio City Rockettes; and MSG Networks.
"When we first began working with PepsiCo in 2018, our shared goal was to leverage the power of our celebrated brands to create unforgettable experiences across our venues and properties," said Jamaal Lesane, Chief Operating Officer, MSG Sports. "This multi-faceted renewal illustrates the strength of this partnership, and we look forward to continuing to bring our guests together around incredible live experiences and PepsiCo products."

Contracts

MSGE

Madison Square Garden Entertainment Renews and Expandes Its Partnership With Pepsico, Naming The Global Beverage And Foods Company An Official Partner Across The MSG Family of Companies.

U.S. markets suffered a steep selloff Monday as President Donald Trump announced sweeping new tariffs, extending last week&#8217;s losses and driving declines <a href="https://www.benzinga.com/general/social-media/25/03/44098232/markets-tank-after-trump-confirms-more-tariffs-heres-what-wall-street-is-saying">across all major sectors</a>.
What Happened: The S&amp;P 500 tracked by The SPDR S&amp;P 500 (NYSE:&nbsp;SPY) closed at 5,849.72, sinking 1.76%, continuing its retreat from 5,983 on Feb 24. The Nasdaq-100 monitored by Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell to 20,425.58, down from 21,352 a week earlier, marking a significant correction from recent highs.
Technology stocks bore the brunt of the selloff, with NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) plummeting 8.63% and ARM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) dropping 8.05%. The sector&#8217;s decline follows a brutal week where AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) had already lost 20.64% and Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) fell 19.67% between Feb. 24-28, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
However, some stocks showed positive performance amid the broader market selloff, according to the Benzinga Stock Heat Map. 
In chemicals and allied products, Eli Lilly &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) gained 0.83%, while Procter &amp; Gamble Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) and Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) also edged higher. Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) rose 2.33% in the tobacco sector. In telecom, T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) and Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) climbed over 1.5%. Transport by air saw PHI Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHIG#NASDAQ">PHIG</a>) gain 2.3%. Meanwhile, Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) and PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) both advanced over 1.3%.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/04011143/Screenshot-2025-03-04-at-11.40.56%E2%80%AFAM-1024x590.png" alt="" class="wp-image-807304" /></figure>
Industrials saw significant pressure, with Vertiv Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) falling 10.09% and FTAI Aviation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>) down 7.89%. In healthcare, BeOne Medicines dropped 10.10% while Hims &amp; Hers Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) declined 9.77%.
Financial stocks weren&#8217;t spared, with Robinhood Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) shedding 6.51% and SoFi Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) losing 6.40%. The slide continued a trend from last week when PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) had already declined 5.58%.
Consumer discretionary and staples both tumbled, with Li Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) plunging 10.96% and Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) falling 6.02%. Energy stocks like Ovintiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OVV#NYSE">OVV</a>) dropped 8.65%, while utilities Vistra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) and Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) both fell 7.40%.
See Also:&nbsp;<a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives" target="_blank" rel="noreferrer noopener">NBA Legend Shaq Says His Net Worth ‘Quadrupled&#8217; Once He Took Note From Jeff Bezos And Started Investing In Things That ‘Change People&#8217;s Lives&#8217;</a>
Why It Matters: The catalyst for Monday&#8217;s selloff was Trump&#8217;s announcement of 25% tariffs on imports from Canada and Mexico, plus an additional 20% tariff on Chinese goods. The Kobeissi Letter noted these increases would raise the U.S. average effective tariff to approximately 20%, levels not seen <a href="https://www.benzinga.com/general/social-media/25/03/44098232/markets-tank-after-trump-confirms-more-tariffs-heres-what-wall-street-is-saying">since the Great Depression</a>.
Market strategist Tom Lee of Fundstrat suggested this week could mark the bottom for stocks in the <a href="https://www.benzinga.com/markets/equities/25/03/44072005/tom-lee-sees-stocks-potentially-hitting-first-half-lows-this-week-bad-news-has-gotten-priced-in">first half of 2025</a>, noting &#8220;a lot of bad news has gotten priced in&#8221; and that retail sentiment has reached bearish levels comparable to fall 2022.
Wall Street remains divided on the tariffs&#8217; impact, with Peter Schiff warning of domestic economic harm while others like Anthony Pompliano pointed to Taiwan Semiconductor&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) $100 billion U.S. investment announcement as evidence tariffs might boost <a href="https://www.benzinga.com/general/social-media/25/03/44098232/markets-tank-after-trump-confirms-more-tariffs-heres-what-wall-street-is-saying">domestic manufacturing</a>.
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

DLTR

FTAI

Hims & Hers Health, Inc. Class A Common Stock

HIMS

HOOD

PHIG

PYPL

SMCI

SOFI

TMUS

Tech Sector Hammered As Trump's Tariff Plans Spark Market Selloff: Nvidia, ARM, Super Micro Lead Tech Bloodbath

Whales with a lot of money to spend have taken a noticeably bullish stance on PepsiCo.
Looking at options history for PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 72% of the investors opened trades with bullish expectations and 22% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $203,663 and 13, calls, for a total amount of $583,298.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $135.0 to $175.0 for PepsiCo over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for PepsiCo's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across PepsiCo's significant trades, within a strike price range of $135.0 to $175.0, over the past month.
<h3>PepsiCo Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1740601836_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$13.7</td>
<td>$13.0</td>
<td>$13.0</td>
<td>$145.00</td>
<td>$100.1K</td>
<td>1.8K</td>
<td align="right">85</td>
</tr>
<tr>
<td>PEP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$7.6</td>
<td>$7.5</td>
<td>$7.65</td>
<td>$155.00</td>
<td>$67.1K</td>
<td>179</td>
<td align="right">120</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/14/25</td>
<td>$3.35</td>
<td>$3.25</td>
<td>$3.35</td>
<td>$150.00</td>
<td>$67.0K</td>
<td>382</td>
<td align="right">207</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$5.1</td>
<td>$5.0</td>
<td>$5.1</td>
<td>$150.00</td>
<td>$50.9K</td>
<td>1.8K</td>
<td align="right">233</td>
</tr>
<tr>
<td>PEP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$6.4</td>
<td>$6.35</td>
<td>$6.35</td>
<td>$145.00</td>
<td>$48.2K</td>
<td>1.2K</td>
<td align="right">88</td>
</tr>
</tbody>
</table>

<h3>About PepsiCo</h3>
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US and overseas. International markets made up 40% of both total sales and operating profits in 2024.
Having examined the options trading patterns of PepsiCo, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of PepsiCo</h3>
<ul>
<li>With a trading volume of 4,765,515, the price of PEP is down by -2.97%, reaching $151.77.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 55 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for PepsiCo</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $164.8.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Citigroup has decided to maintain their Buy rating on PepsiCo, which currently sits at a price target of $170. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for PepsiCo, targeting a price of $153. 
&#x2A; An analyst from Jefferies has decided to maintain their Buy rating on PepsiCo, which currently sits at a price target of $171. 
&#x2A; In a cautious move, an analyst from RBC Capital downgraded its rating to Sector Perform, setting a price target of $172. 
&#x2A; An analyst from JP Morgan persists with their Neutral rating on PepsiCo, maintaining a target price of $158. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for PepsiCo, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Hooters of America is huddling up with its creditors to cook up a <a href="https://www.benzinga.com/topic/bankruptcy">bankruptcy restructuring plan</a>. 
The famous BBQ wing chain has enlisted legal heavyweights at Ropes &amp; Gray to prep the filing, according to <a href="https://www.bloomberg.com/news/articles/2025-02-21/hooters-in-talks-to-prepare-a-bankruptcy-filing-in-coming-months?srnd=homepage-americas&amp;sref=TBDibEcD">Bloomberg</a>. The court showdown could kick off within the next two months.
Known for its crop-top uniforms and winking owl mascot, Hooters is trying to get its financial house in order with help from turnaround pros at boutique firm Accordion Partners. 
Meanwhile, some of its lenders have brought in Houlihan Lokey to also advise the process.
<h2 class="wp-block-heading">What Else Is On The Bankruptcy Block?</h2>
Hooters isn&#8217;t the only sit-down dining spot feeling the heat of Chapter 11. 
Mediterranean fast-casual chain Rōti, for example, recently sold out of bankruptcy. According to <a href="https://www.chicagobusiness.com/restaurants/roti-sold-out-bankruptcy-edible-arrangements-founder">Crain&#8217;s Chicago</a>, a private-equity firm led by the founder of Edible Arrangements agreed to take it over. 
Rōti will retain 17 of its 19 locations once the deal is complete.
The culprit behind these filings? Fewer customers waltzing through doors thanks to <a href="https://www.emarketer.com/content/dining-inflation-remains-higher-than-food-home--forcing-restaurants-compete-on-value">inflation</a>. Plus, supply chain headaches, and soaring interest rates are pushing menu prices skyward. As a result, more folks are opting to cook at home. 
More than a dozen major restaurant groups or franchisees waved the white flag and filed for bankruptcy last year, including <a href="https://www.benzinga.com/news/24/05/38992673/the-craziest-parts-of-the-red-lobster-bankruptcy-story-revealed">Red Lobster</a> and <a href="https://www.benzinga.com/m-a/24/11/41700829/deal-dispatch-tgi-fridays-goes-bankrupt-bhp-backtracks-comments-and-more-m-a-news">TGI Fridays</a>. 
<h2 class="wp-block-heading">New On The Block</h2>
<ul>
<li>Family Dollar, a discount retailer owned by Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>), is for sale. Reuters reports that several buyout firms — Apollo Global Management, Sycamore Partners,and Brigade Capital Management — are interested.</li>
</ul>
<ul>
<li>HBM Healthcare Investments is shopping Baar, Switzerland-based Swixx Biopharma to potential buyers. Bloomberg put the valuation at about 1.5 billion Swiss francs ($1.7 billion). Jefferies Financial Group Inc. and Centerview Partners are handling <a href="https://www.bloomberg.com/news/articles/2025-02-20/hbm-is-said-to-consider-1-7-billion-sale-of-swixx-biopharma?sref=TBDibEcD">the sale</a>.</li>
</ul>
<h2 class="wp-block-heading">Updates From The Block</h2>
<ul>
<li>Italian media outlet Daily Il Sole 24 <a href="https://www.ilsole24ore.com/art/prada-stretta-versace-esclusiva-quattro-settimane-AGHcQc0C">reports</a> that Prada Group is actively trying to buy Versace. Investment bank Citi is reportedly advising Prada on a potential acquisition. Versace has been under the ownership of Capri Holdings since 2018. Since mid-December, speculation has been mounting that Capri is gearing up to sell Versace, along with another brand in its portfolio—Jimmy Choo. Barclays is advising Capri Holdings to circulate the dossier among potential buyers. This week, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-02-19/prada-works-with-advisers-to-evaluate-versace-for-possible-bid?srnd=phx-deals&amp;embedded-checkout=true&amp;sref=TBDibEcD">reported</a> that Prada has gained access to Versace&#8217;s latest financial and sales figures.</li>
</ul>
<ul>
<li>Carlyle Group, Thoma Bravo, and TA Associates have advanced to the final bidding round for French software firm SmartTrade Technologies, <a href="https://www.bloomberg.com/news/articles/2025-02-20/carlyle-thoma-bravo-shortlisted-in-bidding-for-smarttrade?sref=TBDibEcD">Bloomberg</a> reports. Current offers value the company at $577 million. Hg, SmartTrade's owner, aims to select a buyer by late March.</li>
</ul>
<ul>
<li>Private equity firms are also <a href="https://www.bloomberg.com/news/articles/2025-02-21/kkr-s-goodpack-sale-is-said-to-attract-apollo-i-squared-stonepeak?sref=TBDibEcD">lining up</a> for Goodpack, a Singapore-based logistics service provider. The price tag is expected to be about $1.5 billion. KKR &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) is on the sell side, while Apollo Global Management Inc., I Squared Capital and Stonepeak Partners are among the bidders.</li>
</ul>
<h2 class="wp-block-heading">Off The Block</h2>
<ul>
<li>Alani Nu, a female-focused energy drink brand, agreed to a deal with Celsius (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) for $1.8 billion. This is just the latest in a string of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/06/27846252/could-pepsico-buyout-celsius-holdings-or-monster-beverage-why-m-a-in-energy-drinks-">energy drink deals</a>. Ghost belongs to Keurig Dr Pepper (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>) and Bang Energy is owned by Monster, and PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) purchased Rockstar Energy for $3.9 billion.</li>
</ul>
<ul>
<li>Valvoline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVV#NYSE">VVV</a>) <a href="https://www.businesswire.com/news/home/20250220946779/en/Greenbriar-Signs-Agreement-to-Sell-Breeze-Autocare-to-Valvoline">purchased</a> Breeze Autocare, an automotive maintenance services company, from Greenbriar Equity Group for $625 million. Breeze tapped Jefferies LLC and Piper Sandler &amp; Co. as financial advisors. Kirkland &amp; Ellis LLP handled legal matters. Morgan Stanley &amp; Co. LLC advised Lexington, Kentucky-based Valvoline on the purchase.</li>
</ul>
For last week&#8217;s edition of the <a href="https://www.benzinga.com/news/25/02/43749625/deal-dispatch-ny-giants-look-to-score-some-private-equity-plus-ma-volume-is-down">Deal Dispatch, click here</a>.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/real-estate/25/02/43886371/jason-statham-lists-beverly-hills-home-for-20-million-heres-a-look-at-the-british-action-heros-real-estate-portfolio">Action Hero Jason Statham Lists Beverly Hills Home For $20 Million</a></li>
</ul>
Image created using a photo from Shutterstock.

Asset Sales

CELH

Deal Dispatch: Hooters Plans Restructuring, Prada In Talks To Acquire Versace

Investors with a lot of money to spend have taken a bullish stance on PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PEP, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 11 uncommon options trades for PepsiCo.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 36%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $296,750, and 9 are calls, for a total amount of $346,807.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $140.0 to $165.0 for PepsiCo over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for PepsiCo options trades today is 1574.82 with a total volume of 5,383.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for PepsiCo's big money trades within a strike price range of $140.0 to $165.0 over the last 30 days.
<h3>PepsiCo Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1740168985_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PEP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$8.6</td>
<td>$8.5</td>
<td>$8.6</td>
<td>$150.00</td>
<td>$176.3K</td>
<td>1.2K</td>
<td>6</td>
</tr>
<tr>
<td>PEP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$7.3</td>
<td>$7.2</td>
<td>$7.3</td>
<td>$150.00</td>
<td>$120.4K</td>
<td>427</td>
<td>196</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/28/25</td>
<td>$0.76</td>
<td>$0.56</td>
<td>$0.75</td>
<td>$155.00</td>
<td>$65.6K</td>
<td>543</td>
<td>2.2K</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$17.15</td>
<td>$16.85</td>
<td>$17.0</td>
<td>$140.00</td>
<td>$51.0K</td>
<td>337</td>
<td>30</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/28/25</td>
<td>$9.2</td>
<td>$8.85</td>
<td>$9.0</td>
<td>$141.00</td>
<td>$40.5K</td>
<td>53</td>
<td>0</td>
</tr>
</tbody>
</table>

<h3>About PepsiCo</h3>
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US and overseas. International markets made up 40% of both total sales and operating profits in 2024.
After a thorough review of the options trading surrounding PepsiCo, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of PepsiCo</h3>
<ul>
<li>Trading volume stands at 5,726,735, with PEP's price up by 2.89%, positioned at $153.41.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 60 days.</li>
</ul>
<h3>Professional Analyst Ratings for PepsiCo</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $161.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on PepsiCo, which currently sits at a price target of $153. 
&#x2A; An analyst from JP Morgan persists with their Neutral rating on PepsiCo, maintaining a target price of $165. 
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for PepsiCo, targeting a price of $150. 
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for PepsiCo, targeting a price of $168. 
&#x2A; Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for PepsiCo, targeting a price of $171. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest PepsiCo options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

PepsiCo's Options Frenzy: What You Need to Know

<a href="https://consumeranalystgroupny.com/cagny-conference-2025/">https://consumeranalystgroupny.com/cagny-conference-2025/</a>
&nbsp;

Events

Pepsico Exec Says Are Working Hard At Removal Of Artificials

<a href="https://news.bloomberglaw.com/litigation/pepsi-frito-lay-sued-over-snack-chip-price-discrimination-claim">https://news.bloomberglaw.com/litigation/pepsi-frito-lay-sued-over-snack-chip-price-discrimination-claim</a>
PepsiCo Inc. and its Frito-Lay North America Inc. unit are facing a new suit alleging they illegally charged independent convenience stores far higher prices for popular snack chip brands such as Doritos, providing large grocery chain competitors with an unfair advantage.
Lead convenience store plaintiff Alqosh Enterprises Inc. brought claims under the federal Robinson-Patman Act, claiming both Pepsi and Frito-Lay have caused it and similar businesses to lose "tens of millions of dollars in Frito-Lay chips sales" over the preceding four years, according to a complaint <a href="https://www.bloomberglaw.com/public/document/AlqoshEnterprisesIncetalvPepsiCoIncetalDocketNo225cv01327CDCalFeb?doc_id=X1FK1LAU898MTO6CH1NA4JNQN6">filed</a> Monday in the US District Court for the Central District of California. &nbsp;

Legal

'Pepsi, Frito-Lay Sued Over Snack Chip Price Discrimination Claim' - Bloomberg Law

Several academic studies have recently examined buying undervalued stocks using tools like the Piotroski F-Score, Joel Greenblatt&#8217;s Magic Formula, and profitability factors. I have written about these studies in this column and in my weekly e-letter.
Rather than bore you with all the detailed and academic citations; I can summarize the results very quickly for you. Buying stocks that trade at low multiples of asset value and cash flows outperforms the market indexes. This approach can be very volatile. Most of the return comes from less than half of the number of stocks. There is a high failure rate for the companies that pass the initial value screens. Adding financial and quality filters to the list of cheap stocks based on earnings and asset multiples dramatically increases the return and margin of safety in value strategies.
Today, I decided to look at stocks that passed all the filters. I screened for companies that passed the Magic Formula Filters of high earning yields and high returns of capital. Then, I filtered out those with low profitability levels and Piotroski F-scores.
This produced a list of profitable companies with strong finances that are currently undervalued. I immediately noticed that the best bargains were outside the United States. This is unsurprising, given the huge performance gap over the past several years.
While running the numbers, I made a surprise discovery.
&nbsp;Buying high-quality, undervalued U.S. companies has beaten the markets even during the past five tech-dominated years.
&nbsp;Companies outside the U.S. (excluding China) have done even better.
&nbsp;Given that there are far more bargain opportunities outside the United States than inside, there is a good chance that this outperformance will continue.
Ambev SA (Ticker: ABEV) is a Brazilian brewer and distributor of popular beers like Budweiser, Corona, Stella, and others in Brazil, the Caribbean, and Central America. It also sells Pepsi (Ticker: PEP) products in the same markets.
The stock has been volatile due to turmoil in the Brazilian economy and currency fluctuations over the last year. After declining steadily over the past few years, the stock is now trading at low multiples of the business&#8217;s cash flow. T
he business generates high operating profits, and the financial statements show a healthy company with the potential for continued improvements.
The parent company, Anheuser-Busch InBev SA, owns more than 60% of the company, so there is little question about Ambev SA&#8217;s staying power.
América Móvil, S.A.B. de C.V. (Ticker: AMX) is a leading telecommunications company based in Mexico. It offers a wide range of services, including wireless voice, wireless data, and value-added services, across multiple countries.
&nbsp;After a headline-driven rough year, this company is now a compelling opportunity that no one on Wall Street is even thinking about right now. The company has demonstrated resilience in its financial performance, with service revenue growing quickly despite currency fluctuations. Its continued expansion in Latin America and Europe and rising postpaid subscriber growth enhance long-term revenue visibility.
&nbsp;Additionally, América Móvil benefits from its dominant market share in Mexico and other key regions, allowing it to generate stable cash flows.
The balance sheet is strong, and the majority owner, Mexican billionaire Carlos Slim, has deep pockets. At the current single-digit multiple of the business&#8217;s cash production.
&nbsp;América Móvil is an excellent buy for patient, aggressive investors.
Vista Energy (Ticker: VIST), the Mexican oil and gas company, is another compelling opportunity. Vista is an independent oil and gas company headquartered in Mexico City, Mexico. Established in 2017, the company focuses on the exploration and production of oil and gas, with primary operations in Argentina and Mexico.
&nbsp;Vista&#8217;s principal assets are in the Vaca Muerta formation within Argentina&#8217;s Neuquina basin. These assets make the stock a screaming buy for value-oriented investors willing to look outside the United States.
According to the few Wall Street analysts who follow the stock, it is a strong buy due to its exceptional growth potential, efficient operations, and strategic positioning in Argentina&#8217;s Vaca Muerta shale play, one of the most promising unconventional oil and gas basins outside North America.
Citigroup was just out last week with an updated buy ranking and price target that is well above the current price.
The company is profitable, in solid financial condition, and trades at bargain basement prices.
Latin America is way off Wall Street and the financial media&#8217;s radar screens. The instant experts of the internet have not yet surrendered their status as fiscal policy experts and nuclear engineers, and they are unlikely to discover that Latin countries have actual stock exchanges and economies involving more than all-inclusive resorts. These companies pass all the quality and financial strength filters and are undervalued. Owning a portfolio of overlooked international companies that pass all the filters has been a winning strategy, and I expect that to continue.

Opinion

ABEV

VIST

Under the Radar: Strategic Financial Screening Reveals International Opportunity

Commodities

Press Releases

PepsiCo Awards $100,000 to ¡Ya Oaxaca!, Winner of 2024 Greenhouse Accelerator: Juntos Crecemos Edition

PepsiCo Announces Timing and Availability of Fourth-Quarter and Full-Year 2024 Financial Results

PepsiCo Appoints Christine Tammara Senior Vice President and Controller

PEPSICO COMPLETES ACQUISITION OF SIETE FOODS

Kroger and PepsiCo Come Together to Support Food Security and Uplift National Family Meals Month at FMI Foundation Cook Off

Dividends

PepsiCo Declares Quarterly Dividend

PepsiCo to Present at the Consumer Analyst Group of New York Conference

Penny Stocks

Engaged Capital Nominates Two Highly Qualified, Independent Candidates for Election to Portillo's Board of Directors

Entertainment

THE MSG FAMILY OF COMPANIES AND PEPSICO EXPAND MULTI-YEAR PARTNERSHIP

PepsiCo Announces Timing and Availability of First-Quarter 2025 Financial Results

MSGS

PTLO

PZZI

RAVE

SPHR

WING

Embotelladora Andina S.A. Common Stock

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The Vita Coco Company, Inc. - Common Stock

Vita Coco

Coca-Cola Consolidated, Inc. - Common Stock

Coca-Cola Consolidated

National Beverage

Fomento Economico Mexicano S.A.B. de C.V. Common Stock

Fomento Economico

Keurig Dr Pepper

Coca-Cola

Coca Cola Femsa S.A.B. de C.V. American Depositary Shares, each representing 10 Units (each Unit consists of 3 Series B Shares and 5 Series L Shares)

Coca-Cola Femsa SAB de

Monster Beverage Corporation - Common Stock

Monster Beverage

Primo Brands Corporation Class A Common Stock

Primo Brands

Zevia

Jefferies

Barclays

JP Morgan

Wells Fargo

Citigroup

Screenshot 2024-07-31 at 5.36.38 PM

DFLI

Dragonfly Energy (NASDAQ: DFLI) Gets Foothold Into New Markets Through Massive $30M Licensing Deal With Stryten Energy

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