PepsiCo (PEP) stock ends at $170 — CPI and CAGNY loom after a sharp week
PepsiCo shares closed Friday at $170.49, up 1.77% and about 10% higher for the week, outpacing Coca-Cola and Keurig Dr Pepper. The move came as investors rotated into consumer staples amid tech volatility. PepsiCo announced price cuts on core brands and a 4% dividend hike earlier in the week. U.S. jobs and inflation data are due next week, with PepsiCo’s CAGNY update set for Feb. 18.