Investopedia: PepsiCo Shows That Snacks And Sodas Aren't Bulletproof
As seems to be the case with Coca-Cola (NYSE:KO), PepsiCo (NYSE:PEP)
is not presently delivering the sort of results that its premium
valuation would seem to demand. Certainly some of this can be tied to
investor confidence - Coca-Cola and PepsiCo may wobble from time to
time, but they eventually get their affairs in order and get back to the
business of wringing above-average profits from strong global brands.
That said, while I do believe PepsiCo has some good things going for it,
I see no reason to pay up for the stock today.