Activist Investor Elliott Management Targets PepsiCo with $4 Billion Stake

PepsiCo shares surged dramatically following the revelation that Elliott Investment Management has taken a substantial $4 billion position in the food and beverage conglomerate. The stock climbed as much as 5% on the news, with trading volume spiking 129% as the market reacted to the activist investor’s arrival.

The investment establishes Elliott, led by Paul Singer, as one of the top five active shareholders in PepsiCo, controlling approximately 2% of the company’s stock. The firm has already presented its case to the board, outlining what it describes as significant operational challenges and “historic opportunities” for improvement.

Elliott’s presentation identified several key areas requiring immediate attention from management. The investor pointed to a chronically underperforming North American beverage division that continues Read more...