PepsiCo Stock Jumps as Activist Investor Elliott Takes $4B Stake, Aims for Change

1. Elliott Investment Management takes a $4 billion stake in PepsiCo. 2. Activist investor proposes changes to boost PepsiCo's stock price by 50%. 3. PepsiCo's stock rose 5% post-announcement amid plans for operational improvements. 4. Recent performance attributed to strategic and operational challenges affecting financial results. 5. Elliott seeks collaboration to restore PepsiCo's market-leading position in CPG.