PepsiCo Stock (PEP) Slides on Dec. 23, 2025 as Elliott-Backed Cost Cuts, 2026 Outlook and Dividend Growth Take Center Stage
PepsiCo shares fell 1.91% to $144.24 by early afternoon Tuesday as investors reacted to the company’s North America turnaround plan and preliminary 2026 outlook. The stock moved amid continued scrutiny following activist investor Elliott’s involvement and recent leadership changes. PepsiCo projects 2026 organic revenue growth of 2% to 4% and core EPS growth of 5% to 7%.