date:Jul 31, 2012
n Valuentum's analysts described PepsiCos overall results as mediocre.
Wed really like the firm to separate its food and beverage businesses, as we think it is executing well in foods but could use new management and innovation in its beverage business,they said.
Despite shares yielding over 3% per year at current levels, Valuentum said it did not think that PepsiCos dividend was (A) particularly safe or (B) likely to grow.
Wed stay away from shares until the valuation becomes significantly