Activist Investor Elliott Management Pushes for Overhaul at PepsiCo

The investment landscape for PepsiCo is facing significant turbulence as activist investor Elliott Management takes a substantial stake in the company and calls for sweeping strategic changes. This pressure arrives concurrently with a wave of downward revisions to the stock’s price target from several major financial institutions, setting the stage for a pivotal third-quarter earnings report.

Market experts have adopted a more cautious stance on the food and beverage giant. On Thursday, analysts from multiple investment banks lowered their expectations for PepsiCo’s share price. A Citi research note from analyst Filippo Falorni reduced the target to $165, down from $168, citing softer quarterly performance in North American markets alongside declining contributions from international operations. Wells Fargo followed suit, trimming its target from $154 to... Read more...