On July 28, Pepsi rose 3.15% in regular trading, trading at $145.09/share, with turnover of $356 million.

On the news front, the soft drinks sector rallied collectively, creating a pronounced sector linkage effect that lifted Pepsi shares. Among peers, Coca-Cola surged 6.93%, Keurig Dr Pepper gained 4.85%, Coca-Cola Europacific rose 4.41%, and Monster Beverage advanced 3.31%. The broad-based sector strength provided a supportive tailwind for Pepsi despite lingering concerns over its North American business.

Recent analyst activity has also contributed to improved sentiment. On July 22, Barclays raised its price target on Pepsi from $138 to $142 while maintaining an Equalweight rating. Morgan Stanley also lifted its target to $165. The consensus mean price target stands at approximately $155, suggesting further upside from current levels. However, it is worth noting that Pepsi reported weaker-than-expected Q2 organic revenue growth of 2.4% on July 9, with North American food and beverage volumes under pressure from elevated fuel costs squeezing consumer budgets.

(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.)