Reported about 11 hours ago
Elliott Management has acquired a $4 billion stake in PepsiCo, aiming to revitalize the beverage giant's growth and enhance its stock price amid challenges in the snacks sector and shifting consumer preferences towards healthier options. Following the announcement, PepsiCo's shares rose 6%, highlighting the potential for improvement despite recent declines. Elliott emphasizes the need for strategic revision in PepsiCo's North America beverages unit and suggests exploring a re-franchising of its bottling network.
Source: YAHOO