Tigress Financial Partners Sees Little Remaining Growth For PepsiCo

In a report published Tuesday, Tigress Financial Partners analyst Ivan Feinseth reiterated a Neutral rating on

. In the report, Tigress Financial Partners noted, “PEP's valuation fully reflects strong past performance and we see little remaining growth in the stock. Strong brand equity; Gatorade, Lay's, and Tropicana will continue to buoy sales but the company trades at its highest EV/EP multiple in the past five years at 34x. We still maintain our belief that a split up or divestiture of the beverage and food businesses would unlock shareholder value because of the lack of synergies between the two categories.” PepsiCo closed on Monday at $99.67.