PepsiCo Stock (PEP) News Today: 2026 Outlook, Elliott-Backed Cost Cuts, Analyst Targets, and Lawsuit Risks (Dec. 22, 2025)
PepsiCo shares traded near $146.5 on Dec. 22, 2025, down about 1% as investors weighed a new 2026 strategy shaped by Elliott Investment Management and a legal probe into U.S. pricing practices. The company’s market cap stood at roughly $203 billion, with a dividend yield near 3.9%. PepsiCo’s updated priorities include cost cuts, portfolio simplification, and a focus on affordability. Q4 results are due Feb. 3, 2026.