Movement Alert｜PepsiCo Falls 3.05% in Regular Trading, Multiple Banks Cut Target Prices as Major Client Defects to Rival

Market Focus

Jun 18

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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