PepsiCo, Inc.
2 activist/short documents on this target.
Timeline
2013-07-01
Trian Partners · full deck
PepsiCo's snacks and beverages are structurally incompatible — Trian demands a Mondelez merger plus beverage spin (or a clean snacks/beverages separation), unlocking up to $175/share by 2015 vs. $85 today.
N5 V3
2014-02-19
Trian Partners · research note
PepsiCo has chronically underperformed because its 'Power of One' holding-company structure suffocates Frito-Lay and Pepsi; separate them into two focused companies and the combined value will re-rate materially higher.
N5 V3