This research aims to analyze the influence of profitability and solvency on share prices with the dividend policy variable as a moderating variable in Food and Beverage sector companies listed on the Indonesia Stock Exchange during the 2020-2022 period. Currently, unstable economic conditions have changed the behavior of investors, who have become more careful in allocating their capital. Share prices are considered a reflection of company value and are a major concern for investors. The food and beverage sector in Indonesia offers attractive investment potential due to increasing demand and products that compete in the global market. Data analysis in this research involves food and beverage companies listed on the IDX during the 2020-2022 period. PLS analysis technique- Structural Equation Modeling (SEM) with the help of the SmartPLS 3 application. Research findings show that profitability, as measured by Return on Assets (ROA), and solvency, as measured by the Debt to Equity Ratio (DER), do not have a significant influence on price changes share. Apart from that, dividend policy also does not have a significant impact on share prices. Furthermore, it was found that dividend policy did not significantly influence the relationship between ROA and share prices, but there was limited moderation in the relationship between DER and share prices.