BofA Lifts PT on PepsiCo (PEP) to $173 From $164

PepsiCo, Inc. (NASDAQ:PEP) is one of the best confectionery, cookie, and snack stocks to buy. On February 4, BofA lifted the price target on PepsiCo, Inc. (NASDAQ:PEP) to $173 from $164 while maintaining a Neutral rating on the shares. The rating update followed PepsiCo, Inc.’s (NASDAQ:PEP) release of its fiscal Q4 and full-year 2025 financial results on February 3, in which it reported net revenue performance of 5.6% for fiscal Q4 and 2.3% for the full year. EPS for the quarter reached $1.85, while that for the full year was $6.00. Management reported that accelerated net revenue growth and solid productivity savings led to strong operating margin expansion and supported a double-digit EPS growth in Q4.

PepsiCo, Inc. (NASDAQ:PEP) also reaffirmed its fiscal 2026 financial guidance and announced a 4% growth in its annualized dividend per share beginning with the June 2026 payment, representing the company’s 54th consecutive annual increase. Following the release, Barclays reaffirmed its Hold rating on PepsiCo, Inc. (NASDAQ:PEP) on January 3 and set a price target of $148.

The same day, PepsiCo, Inc. (NASDAQ:PEP) announced plans to reduce prices of its most popular snacks by up to nearly 15% ahead of the Super Bowl, including iconic offerings such as Lay’s, Doritos, Cheetos, Tostitos, and more. The price drop comes ahead of one of the biggest snacking occasions of the season, and supports the company’s broader strategy of increasing accessibility and offering more choices for consumers.

PepsiCo, Inc. (NASDAQ:PEP) manufactures, markets, distributes, and sells beverages, food, and snacks. The company operates in the following segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).

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Disclosure: None. This article is originally published at Insider Monkey.