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Benzinga
Benzinga
Business
Vandana Singh

Activist Investor Elliott's Massive Stake Puts PepsiCo Under Pressure To Break Out Of Slump

PepsiCo PEP Pepsi Elliott Elliott Investment Management PepsiCo Inc CocaCola Wall Street Journal
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Activist investor Elliott Investment Management has taken a roughly $4 billion stake in PepsiCo Inc (NYSE:PEP), making it one of the company’s top five active shareholders.

Elliott is pressuring the beverage and snack giant to pursue strategic changes as its market value has slid more than 25% since peaking at $270 billion in May 2023.

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