PepsiCo is implementing a significant strategic overhaul, influenced by activist investor Elliott Management, with preliminary 2026 targets for organic revenue growth of 2-4% and adjusted EPS growth of 5-7%. Key initiatives include cutting nearly 20% of product offerings and aggressive cost reductions. Major executive changes, effective December 28, named Ram Krishnan as CEO of PepsiCo North America. Additionally, PepsiCo and Walmart face a federal class action lawsuit, reported December 16, 2025, alleging a decade-long price-fixing scheme. PepsiCo shares closed December 22, 2025, at $147.05, down 0.75%, reflecting mixed investor sentiment and ongoing concerns over valuation.