PepsiCo launched a major portfolio reset, cutting prices on key brands, initiating a $15 billion brand refresh, and authorizing a new $10 billion share buyback program. The stock has performed strongly recently, with a 30-day return of 10.49% and a year-to-date return of 19.34%. However, analysts from Wells Fargo and TD Cowen have reiterated a Hold rating on the stock, with a price target of $165, slightly below the current trading price of $169.74.