PepsiCo (PEP) stock edges lower today as Fed minutes loom and leadership shuffle takes effect
PepsiCo shares slipped 0.1% to $144.10 in midday trading Tuesday, mirroring a slight dip in the consumer staples sector. The company named Steven Williams as global chief commercial officer and Ram Krishnan as CEO of North America, both effective Dec. 28. PepsiCo expects 2026 organic revenue growth of 2% to 4% and core EPS up 4% to 6%. Elliott Management reportedly holds a $4 billion stake and is nearing a settlement with PepsiCo.