PepsiCo Stock (NASDAQ: PEP) News & Forecasts (Dec. 20, 2025): Elliott-Backed Cost Cuts, Walmart Lawsuit Overhang, and What Analysts Expect for 2026
PepsiCo shares closed near $148 on Friday, down about 2.6% for 2025, as the company announced a major 2026 cost-cutting and portfolio reset influenced by Elliott Investment Management. PepsiCo plans to cut nearly 20% of U.S. SKUs and launch new products like Doritos Protein. A new lawsuit accuses PepsiCo and Walmart of price-fixing. Wall Street is adjusting price targets as these developments unfold.