BUZZ - Reports say PepsiCo plans another round of price increases, sending its stock price lower

September 24 - ** Snack and soft drink giant PepsiCo (PEP.O) shares fell 1.1% to $128.7

** According to Bloomberg, the company (link) plans to raise prices on some chips and soft drinks at the end of this year or in early 2027

** Earlier this year, due to strong consumer backlash against previous price increases, the company implemented price cuts of up to 15% on products such as Lay's and Doritos. The upcoming price hikes will follow these reductions

** Among 25 brokerages, 9 rate the stock as "buy" or higher, 15 as "hold," and 1 as "sell"; the median target price is $155 — data compiled by LSEG

** Including today's intraday decline, the stock has fallen a cumulative 10.2% so far this year

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