PepsiCo, Inc. (NASDAQ: PEP) is back in the spotlight on Friday, December 12, 2025, as investors digest a fast-moving mix of headlines: an Elliott-backed operating reset, a plan to cut roughly 20% of U.S. SKUs, and a newly detailed preliminary 2026 outlook that puts growth acceleration and margin expansion front and center. ^[1]

PEP traded around $149.55 on Friday, up modestly on the day, with an intraday range of roughly $148.71 to $150.32.

PepsiCo stock price check: where PEP stands on Dec. 12, 2025

On Dec. 12, PepsiCo shares traded near the $149 level—roughly mid-range versus the past year’s highs and lows cited by multiple market-data providers. For context, MarketBeat listed a 12‑month range of about $127.60 to $160.15 and a…