PepsiCo is the target of an activist investor.
Mandatory Credit:	Gabby Jones/Bloomberg/Getty Images via CNN Newsource

PepsiCo is the target of an activist investor.
Mandatory Credit: Gabby Jones/Bloomberg/Getty Images via CNN Newsource

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The battle for Pepsi’s future has begun

PepsiCo is losing the soda wars to Coca-Cola. That’s nothing new. But after it fell into third place behind Dr Pepper, a heavyweight activist investor said Tuesday that the company needs a drastic shakeup.