PepsiCo Stock (NASDAQ: PEP) News Today: Elliott Deal, Price Cuts, and the 2026 Forecast Wall Street Is Watching (Dec. 12, 2025)
PepsiCo shares traded near $149.55 on Friday after the company announced plans to cut about 20% of U.S. SKUs and outlined a 2026 outlook focused on growth and margin expansion. The moves follow Elliott Investment Management’s $4 billion stake and push for operational changes. PepsiCo projects 2% to 4% organic revenue growth in fiscal 2026. The stock remains mid-range between its 12-month high and low.