After PepsiCo's market value evaporated by 25%, the activist shareholder Elliott, with a 4 billion dollar stake, pushed for reforms.

According to the Smart Financial APP, the activist investor Elliott Investment Management Company has acquired approximately $4 billion in shares of PepsiCo (PEP.US) and plans to request changes from the struggling beverage manufacturer. This activist investor stated in a letter to PepsiCo's board of directors on Tuesday that this position makes him one of the largest investors in PepsiCo. After the news was announced, as of press time, Pepsi's stock price rose by 5.25% in pre-market trading.