Elliott’s Perspectives on PepsiCo

PepsiCo is a storied company with iconic core brands and unmatched scale, but its stock has underperformed in recent years and trades near decade-low valuation levels. Elliott’s materials detail a clear agenda to improve focus, boost operational efficiency and target investment to the most promising opportunities at PepsiCo, while restoring the Company’s momentum in North America. Those with a shared interest in PepsiCo building on its legacy of success and achieving its full potential are encouraged to review Elliott’s materials below and share their feedback.

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If you would like to share your perspectives on PepsiCo, please email [email protected].

For media inquiries, please contact Casey Friedman at [email protected].

About Elliott Investment Management L.P.

Founded in 1977, Elliott Investment Management L.P. (together with its affiliates, “Elliott”) is one of the oldest investment managers of its kind under continuous management. Elliott manages multi-strategy investment funds with approximately $76.1 billion of assets as of June 30, 2025. Our investors include pension funds, private endowments, charitable foundations, family offices and employees of the firm, and our offices are located in Florida, Connecticut, New York, California and London.

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