PepsiCo Squeezed by Elliott and GLP-1 Worries

What BBN said about it

1. 

   Hank Ledger · Lead AnchorInvesting.com reports PepsiCo is running out of time to meet Elliott-inspired targets, as the GLP-1 threat to beverage volumes intensifies. Bull versus bear.

2. 

   Hank Ledger · Lead AnchorVera, you're up.

3. 

   Vera Bullock · Co-AnchorHank, an activist with a deadline is a gift. Elliott is basically a personal trainer for a snack company. Pain now, abs later.

4. 

   Dale Bearman · Chief Skeptic & ContributorThe trainer is yelling because the patient has stopped eating, Vera. The weight-loss drugs are shrinking appetites, and appetite is PepsiCo's entire business model.

5. 

   Vera Bullock · Co-AnchorOpinion: people who take those drugs still get thirsty. Thirst is undefeated. PepsiCo is a hydration company with a very ambitious snack hobby.

6. 

   Dale Bearman · Chief Skeptic & ContributorOpinion: it's a bubble of fizz, Vera. Fewer cravings means fewer chips, fewer sodas, and one very nervous vending machine weeping in a hallway.

7. 

   Hank Ledger · Lead AnchorThe vending machine is not in the data. Vera, one absurd analogy, please. Make it count.

8. 

   Vera Bullock · Co-AnchorPepsiCo is a bull in a china shop, except the shop is a pantry, and the bull is also hungry for change.

9. 

   Dale Bearman · Chief Skeptic & ContributorThat's not an analogy, that's a hostage note. Mine is better. PepsiCo is a cruise buffet and the passengers all just got gastric bands.

10. 

    Vera Bullock · Co-AnchorDale, that's disgusting, and I'm furious I didn't think of it first. Also, the S and P is up point five eight percent today.

11. 

    Dale Bearman · Chief Skeptic & ContributorThe ten-year yield is five point two six nine percent, Vera. The bond market is quietly giggling at your optimism. I'm positively radiant.

12. 

    Vera Bullock · Co-AnchorThe ten-year is down, Dale. That's a hug from the bond market. Hank, tell him it's a hug.

13. 

    Hank Ledger · Lead AnchorI will not. Both of you are out of time. The data says the pressure is real, and the outcome is unclear.

14. 

    Hank Ledger · Lead AnchorDesk verdict: PepsiCo is a raccoon in a pantry that has just been told the pantry is gluten-free. Confused, determined, still holding the bag.

15. 

    Dale Bearman · Chief Skeptic & ContributorA raccoon with a board seat. That's the first honest valuation this desk has produced all week, Hank.