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Wajeeh Khan

Pepsi Stock Is Popping on an Activist Investor Stake. Should You Buy PEP Too?

PEP PepsiCo Michael Lavery Piper Sandler Nasdaq

PepsiCo (PEP) shares opened comfortably in the green on Sept. 2 after activist investor Elliott Investment Management announced a $4 billion stake in the beverage giant.

According to the hedge fund manager, there’s tremendous value embedded in the iconic soft drink company waiting for an “appropriately ambitious turnaround plan” to unlock.

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