PepsiCo: The Risk-Return Profile Has Changed - Why I'm Upgrading The Stock

In October I wrote an article about PepsiCo ( PEP ), and my recommendation was "sell." At that time it appeared that I was somewhat of a lone wolf, but I based my thesis on theI’m a Portfolio manager (flexible equity funds and private clients), fundamental equity research, macro and geopolitical strategy.Over 10 years across global markets, managing multi-asset strategies and equity portfolios at a European asset manager.I combine top-down macro, bottom-up stock selection and real-time positioning (Bloomber ...