Wells Fargo Raises PT on PepsiCo (PEP), Keeps a Hold Rating

Financial Performance - PepsiCo, Inc. reported fiscal third-quarter results for 2025, with an EPS of $2.29, exceeding consensus estimates by $0.03 [1] - The company's revenue reached $23.84 billion, reflecting a year-over-year growth of 2.65% and surpassing estimates by $89.71 million [1] Management Outlook - Management anticipates low single-digit organic revenue growth, with core currency EPS expected to be approximately in line with the previous year [2] - The focus remains on accelerating growth and optimizing the cost structure [2] Analyst Ratings - Following the earnings call, Wells Fargo raised its price target on PepsiCo from $150 to $154 while maintaining a Hold rating on the stock [3] - PepsiCo is recognized as an international company producing beverages and convenient foods under well-known brand names [3]