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Benzinga
Benzinga
Business
Rishabh Mishra

PepsiCo Grapples With Soaring Debt, Negative Cash Flow: 'Nice Activist' Isn't Enough, Says GimmeCredit

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PepsiCo Inc. (NASDAQ:PEP) is struggling with deteriorating financial health, marked by rising debt and weak cash flow, and the recent arrival of activist investor Elliott Investment Management is unlikely to provide a near-term solution, according to a research note from GimmeCredit.

Check out PEP’s stock price here.

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