Why PepsiCo Is Becoming Interesting Again After the Agreement with Elliott
This optimism is underscored by the forecast of organic revenue growth of 2% to 4% by 2026.
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After Elliott exerted pressure with a massive $4 billion stake in September, PepsiCo's management is now signaling a profound operational realignment. These measures, particularly the commitment to radical cost cuts and a strategic repositioning of the struggling food business, make PepsiCo suddenly highly attractive to investors. The agreement includes a comprehensive reduction of expenses in the food and beverage sectors, which, combined with the planned streamlining of the product portfolio by 20% in the U.S. operations, is expected to immediately...
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