PepsiCo, Inc. (PEP)
NEUTRALFundamental
58
Preço
$142.92
Capitalização de Mercado
$197.62B
Parte 1 · Quanto vale a empresa
Visão Geral
PepsiCo makes and sells packaged snacks and beverages worldwide: chips and snacks such as Lay's and Doritos, beverages such as Pepsi, Gatorade and Mountain Dew, and packaged foods such as Quaker oats. It owns some of its concentrate and bottling operations directly and franchises others to independent bottlers who pay for the syrup and distribute the finished drink. Its products reach consumers mainly through supermarkets, convenience stores and one dominant retail customer.
Como gera receita
Revenue comes from selling branded, ready-to-eat food and drinks at a markup over the cost of ingredients, packaging and distribution; scale in manufacturing and a shelf-space advantage with retailers keep costs down. A slice of beverage revenue is concentrate sold to independent bottlers rather than the finished can, which carries a different, higher margin. Growth has come mainly from price increases and from stronger demand in snacks, with steadier but slower-growing beverage volumes.
Receita por segmento
Beverage concentrate, finished drinks and bottling across the United States and Canada — Pepsi, Gatorade, Mountain Dew and related brands.
Salty and savory snacks plus Quaker breakfast foods sold across North America, led by Lay's, Doritos and Quaker Oats.
Snack and beverage brands sold across Europe, the Middle East and Africa, a mix of owned and franchised bottling.
Snack foods manufactured and sold across Latin America, PepsiCo's largest foods business outside North America.
Concentrate and franchise fees from independently owned bottlers that make and distribute Pepsi-brand drinks outside North America.
Snack foods sold across Asia, Australia, New Zealand and China, the smallest of PepsiCo's six reporting segments.
Vantagem competitiva
Marca · AmplaLay's, Pepsi, Gatorade, Doritos and Quaker are decades-old household names that retailers feel obliged to stock and that consumers reach for out of habit rather than comparison shopping. That brand recognition, combined with a distribution network built over generations, is hard for a new entrant to replicate at PepsiCo's scale.
O que impulsiona a procura
DefensivoPeople keep buying snacks and soft drinks in good times and bad, so volumes hold up better than in most consumer categories through a downturn. Demand shifts instead with health trends, private-label competition on price, and how much of a price increase shoppers will tolerate before trading down.
Principais riscos
- Concentration with one large retailer — PepsiCo states that the loss of Walmart, including Sam's Club, as a customer would have a material adverse effect on its North American beverage and food segments specifically.
- Shifting health preferences — Changing consumer tastes toward healthier eating, and the growing use of appetite-suppressing medications, could reduce demand for snacks and sugary drinks over time.
- Commodity cost volatility — The cost of ingredients such as potatoes, oils, sugar and packaging materials is volatile, and tariffs or supply disruptions can raise costs faster than prices can be adjusted.
- International and currency exposure — A large share of revenue is earned outside the United States, so foreign-currency swings, local regulation and geopolitical disruption in dozens of countries affect reported results.
Concentração de clientes
Os principais clientes representam 14% da receita
Walmart and Sam's Club together bought about 14% of PepsiCo's revenue in 2025, spanning nearly every segment. Losing that shelf space, or a dispute over terms, would hit results across the whole company at once.
Os argumentos a favor
Buyers argue that decades-old brands, an unmatched retail distribution network and steady demand for snacks and drinks let PepsiCo raise prices through inflation without losing much volume, supporting years of reliable earnings growth.
Os argumentos contra
Sellers worry that healthier-eating trends and appetite-suppressing drugs erode demand for salty snacks and sugary beverages over time, that private-label competitors undercut on price, and that dependence on one giant retailer for a meaningful share of sales limits PepsiCo's negotiating leverage.
Written by the editors, published on 18 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Balanço & Liquidez
Receita
$96.90B
Últimos 12 meses (até 13/06/2026)
Resultado Líquido
$10.45B
Últimos 12 meses (até 13/06/2026)
Fluxo de Caixa Livre
$7.67B
Capital Próprio Total
$20.41B
Passivo Total
$86.85B
Rácio de Liquidez
0.93
Cobertura de Juros
12.73
Dívida/EBITDA
4.07
Resultados Por Ação
Receita & Resultado Líquido
Fluxo de Caixa Livre
Decomposição dos Resultados
Demonstração histórica
Margens ao longo do tempo
A dívida ao longo do tempo
Quanto pesa a dívida
Grelha do crescimento
Crescimento — Receitas
Estimativa de Valor Justo
Valor Justo
$127.87
Preço Atual
$142.92
Margem de Segurança
-11.8%
Intervalo de Valor Justo
$107.59 - $148.15
Métodos de Estimativa
Métricas de Avaliação
Rácio P/E
18.96
ROE
40.4%
Rácio P/B
8.94
P/FCF
21.27
Margem Bruta
54.0%
ROIC
14.7%
Radar de Rentabilidade
Value Creation (Economic Moat)
ROIC
14.7%
WACC
6.4%
ROIC − WACC
+8.3 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Critérios de Análise Fundamental
Aprovado (16)
- EPS shows upward trend
- ROIC 14.7%
- Gross Margin 54.0%
- P/FCF 21.27
- Operating Margin 14.8%
- Positive Free Cash Flow
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- ROE 50.2%
- Revenue Growth 5Y 5.9%
- Earnings Quality (OCF/NI) 1.29
- Share Dilution -0.3%
- Net Margin Trend 10.8% vs 8.2%
- Piotroski F-Score 6/9
Reprovado (11)
- EPS CAGR 3.19%
- Price CAGR 3.21%
- P/B Ratio 8.94
- Debt/Equity ratio
- CapEx intensity
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- Analyst Consensus 40% Buy
- Earnings Surprise avg 0.5%
- PEG Ratio 5.61
Indisponível (1)
- Dividend Payout NaN%
Piotroski F-Score
Sinais mistos: algumas áreas requerem atenção
Qualidade dos Resultados
Alta qualidade: resultados respaldados por caixa
Diluição de Ações
A recomprar ações. Favorável ao acionista
Governação
Equipa Executiva
| Nome | Cargo | Idade |
|---|---|---|
| Mr. Ramon Luis Laguarta | Chairman & CEO | 61 |
| Mr. Stephen T. Schmitt | Executive Vice President & CFO | 51 |
| Ms. Rebecca Schmitt | Executive VP & Chief People Officer | 51 |
| Mr. Silviu Yeugeniu Popovici | Chief Executive Officer of Europe, Middle East & Africa | 57 |
| Mr. Steven C. Williams | Executive VP, Vice Chairman of Global Chief Commercial Officer & Corporate Affairs and Chairman | 59 |
| Ms. Tara Glasgow | Executive VP & Chief Science Officer | - |
| Mr. David J. Flavell | Executive VP, General Counsel & Corporate Secretary | - |
| Ms. Jane Caroline Wakely | Executive VP, Chief Consumer & Marketing Officer and Chief Growth Officer of International Foods | 53 |
| Mr. Stephen Kehoe | Executive VP & Chief Corporate Affairs Officer | - |
| Mr. Eugene Willemsen | Chief Executive Officer of International Beverages | 58 |
Risco de Auditoria
8
Risco do Conselho
4
Risco de Remuneração
5
Risco dos Direitos dos Acionistas
3
Parte 2 · O preço e o momento de entrar
Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.
Latest News
Recent headlines for PEP, sourced from Markets Gazette.
- 7/9/2026POSITIVEPepsiCo Up on Earnings; Costco Moves on Comparable Sales Miss | Stock Movers
PepsiCo Inc. (PEP) experienced a stock price increase following its second-quarter earnings report. The company announced core earnings per share that surpassed the consensus estimate among analysts. This positive financial performance suggests robust operational execution and potentially stronger-than-anticipated consumer demand for its products. Investors will be watching for further commentary on future guidance and market share trends to assess the sustainability of this growth.
- 7/9/2026NEGATIVEPepsiCo cut snack prices again, but not enough to get American consumers to buy more
PepsiCo Inc. experienced its worst trading day in 15 months following a disappointing performance in its North America segment. Despite an overall earnings beat attributed to strong international business, the company's efforts to boost sales in its domestic snack market through price cuts proved insufficient to stimulate consumer demand. This suggests underlying challenges in consumer spending habits or competitive pressures within the US market, raising concerns for investors about future domestic growth prospects. The stock's significant decline highlights market sensitivity to regional performance disparities.
- 7/9/2026NEUTRALPepsiCo cut chip prices to win back frustrated shoppers. The Iran war got in the way
PepsiCo Inc. reported revenue that surpassed analyst expectations, however, the company's U.S. snack volumes remained flat while beverage sales experienced a 4% decline. This performance was attributed to the impact of rising gas prices, exacerbated by geopolitical tensions related to the Iran war, which led PepsiCo to implement price cuts on its chips in an effort to regain consumer interest. The mixed results suggest ongoing challenges in consumer demand and cost management despite top-line growth.
- 6/17/2026NEGATIVEPepsiCo Shares Fall As Fed Signals Hawkish Turn
PepsiCo Inc. (PEP) shares experienced a decline as the Federal Reserve signaled a more hawkish monetary policy stance. While the article does not provide specific earnings or operational data for PepsiCo, the broader market sentiment shift driven by the Fed's outlook is impacting the stock. Investors are likely reassessing growth expectations and the cost of capital in light of potential interest rate hikes or prolonged higher rates. This macroeconomic development creates headwinds for consumer staples companies like PepsiCo, which may see reduced consumer spending or increased borrowing costs.
- 4/17/2026POSITIVEFood companies are finally cutting prices. PepsiCo shows it’s worth it
PepsiCo Inc. reported a significant revenue increase of 8.5% in the first quarter, following strategic price reductions of up to 15% on key snack brands like Lay's and Doritos in February. This aggressive pricing strategy appears to have successfully stimulated consumer demand, reversing previous trends and boosting sales volume. The company's ability to implement price cuts while still achieving robust revenue growth suggests effective cost management and strong brand loyalty. Investors may view this as a positive indicator of PepsiCo's market resilience and pricing power, potentially leading to increased market share and improved financial performance.
- 4/16/2026POSITIVEPepsi says price cuts and wellness push are bringing back customers — and the stock surges
PepsiCo Inc. shares experienced a significant rally on Thursday, driven by the company's announcement that strategic price adjustments and a focus on wellness-oriented product innovation are successfully re-engaging its customer base. Management indicated that these initiatives are proving effective in attracting consumers who had previously been deterred by price sensitivity. Furthermore, the company noted minimal impact from the ongoing geopolitical tensions in Iran. This positive momentum suggests that PepsiCo's strategic pivots are yielding tangible results, potentially leading to increased market share and improved financial performance for investors.
- 4/16/2026NEUTRALPepsiCo, PPG Industries And 3 Stocks To Watch Heading Into Thursday
U.S. stock futures are trending higher, signaling a potentially positive open for the broader market. Among the stocks drawing attention are PepsiCo, J B Hunt Transport Services, Netflix, PPG Industries, and Abbott Laboratories. This selection suggests a focus on diverse sectors, from consumer staples and logistics to entertainment and healthcare. Investors will be closely monitoring premarket activity and any specific news catalysts for these companies to gauge intraday trading opportunities and potential sector rotations.
- 4/15/2026POSITIVEPepsiCo Earnings Prediction Market Preview: What Will Ramon Laguarta Say?
PepsiCo is set to report its Q1 earnings, with market indicators suggesting a strong performance. Polymarket data shows a 96% probability of an earnings beat, signaling robust financial results that could exceed analyst expectations. Traders on Kalshi are actively speculating on key executive commentary from CEO Ramon Laguarta, focusing on topics such as tariffs, the impact of GLP-1 drugs on consumer behavior, and addressing the recent volume slump in Frito-Lay. A positive outlook on these fronts could further bolster investor confidence and potentially drive the stock higher.
via Markets Gazette