date:May 21, 2012
kes stock was trading at $51 in June 2004 when turnaround Neville Isdell took over, but did not exceed that level until June 2007.
That said, if Pepsis operating profits dont improve, we believe structural changes are more likely.
Despite setting a new positive 12 month price target for PepsiCos stock of $75 (up from $66), Levy and Lavery also noted competitive pressure from Coca-Cola that could prevent PepsiCo from gaining market share despite increased spending.
Continued macroeconomic s