---
schema_version: "secwatch.filing_event.v1"
accession: "0000077476-25-000059"
form_type: "8-K"
ticker: "PEP"
cik: "0000077476"
company_name: "PEPSICO INC"
filed_at: "2025-12-08T23:59:59+00:00"
generated_at: "2026-05-16T14:09:01.606854+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "medium"
source: SEC EDGAR
---

# PepsiCo announces 2026 growth targets, margin expansion plans following Elliott engagement

## Summary
- Innovation and productivity initiatives at PepsiCo Foods North America to accelerate growth and improve core operating margin.
- Expects organic revenue, core constant currency and core EPS growth to accelerate in FY 2026 with strong margin expansion.
- Prioritizes disciplined capital allocation, improved FCF conversion and increased cash returns to shareholders.
- Announcement follows constructive engagement with supportive shareholder Elliott Investment Management.
- Live Q&A session with CEO Ramon Laguarta on December 9, 2025 at 7:30AM EST.

## SEC filing metadata
- accession: 0000077476-25-000059
- form_type: 8-K
- ticker: PEP
- cik: 0000077476
- company_name: PEPSICO INC
- filed_at: 2025-12-08T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: medium
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77476/000007747625000059/0000077476-25-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77476/000007747625000059/pep-20251208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077476-25-000059
- JSON: https://secwatch.observer/filing/0000077476-25-000059.json
- Plain text: https://secwatch.observer/filing/0000077476-25-000059.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.