Investor Elliott, seeking to protect rights, has acquired approximately $4 billion worth of shares in PepsiCo in order to push for reforms.

The activist investor Elliott Investment Management has established a stake of approximately $4 billion in PepsiCo and plans to call on the struggling beverage manufacturer to make changes. The activist investor said in a letter submitted to the company's board on Tuesday that this stake makes it one of Pepsi's largest investors. PepsiCo stated that it will evaluate Elliott's views in conjunction with a growth strategy aimed at accelerating growth and creating long-term value for shareholders. Facing competition pressure and changing consumer tastes, this beverage and snack manufacturer is facing challenges, with its market value falling by over 20% since its peak in May 2023. In a document released on Tuesday, Elliott outlined its reform plan for PepsiCo, which includes a possible restructuring of its beverage business division and a reassessment of its snack product portfolio.