NEW YORK, Jan 3, 2026, 03:22 PM ET — Market closed
- PepsiCo shares closed down 0.9% on Friday, ending at $142.23.
- The stock is below its 50-day moving average as investors look ahead to Feb. 3 results.
- Next week’s U.S. jobs report and inflation data are major macro catalysts before earnings season ramps up.
PepsiCo shares ended Friday down 0.9% at $142.23, as the beverage-and-snacks maker started 2026 on a softer note.
The dip matters now because traders are recalibrating rate expectations for the new year after U.S. Treasury yields climbed and markets refocused on what the Federal Reserve does next.
For PepsiCo, the calendar tightens quickly: the company has said it will report fourth-quarter and full-year 2025 results on Feb. 3, when it also plans to detail total cash returns to shareholders.
The stock traded between $142.10 and $143.41 in Friday’s session.
Other consumer staples names were mixed on the day, with Coca-Cola down 1.1%, Keurig Dr Pepper off 1.0% and Mondelez down 0.4%.
PepsiCo is about 11% below its 52-week high of $160.15 and roughly 11% above the low of $127.60. It is also below its 50-day moving average of $146.79, a level some traders use as a simple gauge of medium-term momentum.
In a December strategy update, PepsiCo projected 2026 organic revenue growth of 2% to 4% and core constant-currency EPS growth of 4% to 6%. “Organic” strips out currency and deal effects, while “core” and “constant currency” adjust for certain items and foreign-exchange swings. Nasdaq
PepsiCo also said it is reducing nearly 20% of its U.S. SKUs and is targeting core operating margin expansion, with a broader update on North America supply chain and go-to-market initiatives slated for late 2026.
The company’s North America push followed talks with activist investor Elliott Investment Management, as PepsiCo has faced pressure to lift performance and narrow perceived gaps with rivals.
PepsiCo also has a near-term shareholder calendar item: the company said in November that its quarterly dividend is payable on Jan. 6, 2026.
Analysts tracked by Yahoo Finance expect PepsiCo to earn about $2.24 per share when it reports on Feb. 3.
Before the next session on Monday, investors will scan a crowded U.S. data slate as releases normalize after last year’s disruptions. The Bureau of Labor Statistics has the December employment report scheduled for 8:30 a.m. ET on Jan. 9 and the December consumer price index for 8:30 a.m. ET on Jan. 13.
With the S&P 500 near record highs but stuck around late-October levels, “the market is looking for direction,” said Matthew Maley, chief market strategist at Miller Tabak. For PepsiCo holders, that direction may hinge on whether management can show early traction on affordability, SKU simplification and margin delivery when it reports next month. Reuters
