PepsiCo Inc

PEP: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$276.00	Kwcy	Tpxtmmzhq

PepsiCo: No Change to Strategic Direction or Capital Allocation With New CFO Appointment

Dan Su

Nov 6, 2023

We plan to maintain our $180 fair value estimate and our Exemplary capital allocation rating for wide-moat PepsiCo after the firm announced the appointment of company insider Jamie Caulfield as the new CFO. Hugh Johnston, the former CFO and a 36-year company veteran, is leaving to take the CFO role at wide-moat Disney.

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