PepsiCo falls after report on plans for new price increases

PepsiCo

24/09/2026 17:28

** Shares of snacks and soda giant PepsiCO PEP.O fall 1.1 % to $128.7
** Co plans to hike prices on some chips and sodas by year-end or early 2027, Bloomberg reports
** The move would follow price cuts earlier this year of up to 15% on products including Lay's and Doritos after customer backlash to previous hikes
** Nine of 25 brokerages rate the stock "buy" or higher, 15 "hold" and one "sell"; median PT is $155 - data compiled by LSEG
** Including session's move, stock down 10.2% YTD

(Reporting by Anand Gopal in Bengaluru)
((AnandGopal.R@thomsonreuters.com))