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Campaigns / Elliott Management → PepsiCo
Elliott Management vs. PepsiCo

PepsiCo · PEP

3 decks published between 2025-09-01 and 2025-09-02 — 11 pages, 11 analysed slides total.

initial thesis unknown

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2025-09-01 unknown

    2025 09 Elliott PepsiCo Presentation

    1pp · other
    N 1 V 1 C 1
  2. 2025-09-02 initial thesis

    Elliotts Letter to PepsiCo

    4pp · letter

    Elliott argues a refocused PepsiCo — refranchising PBNA bottling, realigning PFNA's cost base, divesting non-core assets and setting new targets — can re-rate to peers and deliver 50%+ upside.

    N 3 V 2 C 1
  3. 2025-09-02 initial thesis

    Press Release_Elliott Sends Presentation to Board of Directors of PepsiCo Inc

    6pp · press_release

    PepsiCo is a dislocated CPG bellwether; refranchising PBNA bottling, rightsizing PFNA costs and enforcing accountability can rerate the stock for 50%+ upside.