On June 18, PepsiCo fell 3.05% in regular trading, trading at $141.61/share, with turnover of $824 million. The decline was driven by a combination of investment bank downgrades and the loss of a key commercial partnership.

On the news front, multiple investment banks recently cut their target prices on PepsiCo. Piper Sandler lowered its target from $181 to $178, while Wells Fargo cut more aggressively from $160 to $150. Simultaneously, Marriott International announced it would terminate its exclusive partnership with PepsiCo spanning over 30 years, switching to Coca-Cola as its global hotel beverage supplier. The move intensified market concerns over PepsiCo's channel competitiveness and long-term revenue stability.

The broader Soft Drinks sector was under pressure, with PepsiCo leading losses. Within the sector, Coca-Cola fell 0.61%, Keurig Dr Pepper fell 2.05%, Coca-Cola Europacific fell 2.11%, Monster Beverage fell 0.84%, while Celsius Holdings rose 2.8%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)