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Is PepsiCo a Buy After an Activist Investor Took a $4 Billion Stake in the Dividend King Stock?
The Motley Fool· 2025-09-11 16:07
Pepsi stock has gone practically nowhere for five years, but this activist investor believes there's a clear path for turning the ship around.PepsiCo (PEP -0.28%) soared as much as 7.2% intraday on Sept. 2 in response to news that activist investor Elliott Investment Management took a $4 billion stake in the beverage and snack giant. With a market cap of around $200 billion, the stake gives Elliott roughly 2% ownership in the company.But since then, Pepsi's shares have tumbled, down to $141.71 as of market ...