PepsiCo: It’s Still A Mess, But It’s A Much Cheaper Mess Now (Rating Upgrade) (NASDAQ:PEP)

Back in April, I gave PepsiCo, Inc. ( PEP ) a Sell rating, arguing that the company’s operating metrics were deteriorating and that the dividend yield, no matter how celebrated, could not compensate for the capital erosionI write about stocks I’m personally interested in adding to my portfolio. I’m not a professional advisor, but I study business and economics and analyze markets full-time. My writing is meant for both complete beginners — I avoid unnecessary complexity — and advanced readers, as I always a ...