PepsiCo Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Earnings Report - PepsiCo is set to release its second-quarter earnings results on July 17, with analysts expecting earnings of $2.03 per share, down from $2.28 per share in the previous year [1] - Projected quarterly revenue is $22.3 billion, a slight decrease from $22.5 billion a year earlier [1] Strategic Collaboration - PepsiCo and Cargill announced a strategic collaboration aimed at advancing regenerative agriculture practices across 240,000 acres from 2025 through 2030 [2] Stock Performance - PepsiCo shares increased by 1.2%, closing at $135.35 on Wednesday [3] Analyst Ratings - B of A Securities analyst Bryan Spillane maintained a Neutral rating and reduced the price target from $150 to $145 [7] - Wells Fargo analyst Chris Carey kept an Equal-Weight rating and cut the price target from $150 to $140 [7] - Morgan Stanley analyst Dara Mohsenian maintained an Equal-Weight rating and lowered the price target from $168 to $153 [7] - Deutsche Bank analyst Steve Powers maintained a Buy rating but reduced the price target from $184 to $178 [7] - TD Cowen analyst Robert Moskow maintained a Hold rating and decreased the price target from $183 to $160 [7]