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Elliott Management's investment thesis on PepsiCo, Inc. ($PEP) — Q2 2025 | Buyside Digest

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$PEPPepsiCo, Inc.

BULL

Elliott Management

Fund Letter

Q2 2025

Published September 2, 2025

View Fund Profile

$137.34USD

Current Market Price

Market Cap$188.7B

Pitch Price$146.39

Technical Chart

From the Fund Letter

Elliott holds a $4 billion investment in PepsiCo and believes the company has underperformed its potential due to operational and strategic missteps in its North American divisions (PBNA and PFNA). Elliott proposes a...

— Marc Steinberg & Jesse Cohn

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What other investors think about $PEP, and what else Elliott Management is buying.

Other pitches on $PEP

Other investors who've written on PepsiCo, Inc.

Mar Vista US QualityBEAR

Pitched Mar 31, 2025

The position in PepsiCo was completely liquidated due to structural headwinds facing the carbonated soft drink and snack food businesses, including potential school regulations and GLP-1 drug adoption. The manager believes...

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