14:50 - 3.09.2025

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September 3, Fineko/abc.az. Investment holding Elliott Investment Management has acquired a $4 billion stake in PepsiCo, ABC.AZ reports, citing The Wall Street Journal.

PepsiCo, one of the world’s largest producers of non-carbonated beverages, has struggled in recent years to regain its market share and has been losing ground to competitors. Its food production segment, once considered the company’s main growth driver, is now under pressure. Notably, PepsiCo’s flagship drink, Pepsi, currently ranks fourth in U.S. sales.

PepsiCo’s challenges have intensified in recent months amid the trade war and worsening consumer sentiment. The company’s market capitalization now stands at just over $200 billion, more than 25% below its peak of $270 billion in May 2023.

According to WSJ sources, with its $4 billion stake, Elliott has become one of PepsiCo’s top five active shareholders, excluding index funds.

PepsiCo shares rose 5% in early trading on Tuesday but remain down 2% since the start of the year.