PepsiCo stock dips 1% as investors weigh UK biomethane deal ahead of Feb. 3 earnings
PepsiCo shares fell 1.1% to $146.05 by midday Wednesday, underperforming the broader market and rival Coca-Cola. Engie announced a 10-year biomethane supply deal with PepsiCo UK, with production set for 2027. Investors are watching for PepsiCo’s Q4 and full-year results on Feb. 3, expecting updates on pricing and the 2026 outlook.