PURCHASE, New York, August 24, 2026, 19:24 EDT — PepsiCo (PEP.O) introduced its new Mountain Dew Trolli variant, coming as the company contends with a 4% drop in beverage volume.
- PepsiCo’s stock ended the session up 0.83% at $144.67, and traded at $144.95 after hours.
- North American beverage revenues increased by 7% in the second quarter, while unit volume declined 4%.
- The Mango Pineapple Punch will be available at U.S. retail locations, Pizza Hut, and Walmart.com until October.
- Of eighteen analysts, six rate Buy and twelve assign Hold, with the average target at $158.06.
PepsiCo, Inc. NASDAQ:PEP introduced Mountain Dew x Trolli Mango Pineapple Punch across the country on Monday. This limited edition offering will gauge if an innovative flavor can help offset ongoing declines in beverage volume.
The investor concern relates to the combination of results rather than originality. PepsiCo Beverages North America posted a 7% rise in revenue last quarter, with unit volume down 4%. Volume of carbonated soft drinks dropped 3%.
The gap indicates that pricing and acquisitions continued to drive reported growth. A strong Mountain Dew extension would boost volume without depending on price increases. PepsiCo does not reveal Mountain Dew or specific product revenue figures.
| PBNA measure | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Net revenue | $7.243 billion | $6.796 billion | 6.6% higher reported |
| Total unit volume | — | — | down 4% |
| Carbonated soft-drink volume | — | — | down 3% |
| Non-carbonated beverage volume | — | — | down 4% |
The soda blends flavors of mango, pineapple, and strawberry. Both standard and zero-sugar versions are on shelves at U.S. retailers until October. Regular 20-ounce bottles are also sold at select Pizza Hut outlets.
A Walmart.com exclusive kit includes both varieties of soda along with Trolli Spicy Crawlers. By launching across three channels, PepsiCo can quickly gauge consumer interest in grocery, restaurant and online segments. This approach also lessens dependence on any single retail channel.
Mountain Dew’s collaboration with Trolli last year demonstrated strong consumer enthusiasm, according to Michael Smith, vice-president of marketing for the brand. PepsiCo described the Cherry Lemon flavour released last year as among the fastest-selling products in Mountain Dew’s lineup.
The stock finished trading at $144.67, an increase of 0.83%, before moving to $144.95 at 19:19 EDT. A total of 6.00 million shares exchanged hands, less than the average of 7.22 million. Shares are still 15.6% under their 52-week peak.
| Company | August 24 move | Investor read-through |
|---|---|---|
| PepsiCo NASDAQ:PEP | +0.83% | New product and steady consumer appetite |
| The Coca-Cola Co. NYSE:KO | +0.98% | Beverage sector standard |
| Keurig Dr Pepper Inc. NASDAQ:KDP | +1.47% | Regional refreshment competitor |
| Monster Beverage Corp. NASDAQ:MNST | +2.36% | Faster-growing segment in energy drinks |
Analysts stay wary. The consensus target suggests a potential 9.3% gain from Monday’s closing price. All 18 analysts tracked maintain ratings at Hold or higher, with none assigning a Sell rating to the shares.
| Analyst or consensus | Recommendation | Price target | Date |
|---|---|---|---|
| Piper Sandler | Buy | $176 | Aug. 21 |
| Goldman Sachs | Buy | $180 | July 9 |
| Barclays | Hold | $142 | July 21 |
| Wells Fargo | Hold | $140 | July 10 |
| 18-analyst consensus | 6 Buy, 12 Hold | $158.06 average | Aug. 24 snapshot |
PepsiCo forecasts organic revenue growth of between 2% and 4% this year. Executives have indicated that results are likely to come in toward the upper end of that band in the year’s second half. The Trolli launch is scheduled for that same timeframe.
The company’s indicated yield of 4.09% offers a cushion for investors during the wait. This year, PepsiCo increased its annualized dividend by 4% to $5.92, continuing its streak with a 54th straight annual hike.
Risks: The flavor’s limited duration, with no disclosed product-specific sales. High initial interest may not lead to sustained buying. Persistent declines in carbonated-drink volumes could offset gains from a single successful release.
