Gabelli Maintains PepsiCO Hold (PEP)

Gabelli & Company maintained its PepsiCo PEP Hold rating in a research report published today. In the report, Gabelli states, "We expect PEP to earn $4.46 in 2011 growing to $4.90 in 2012; at around 13x our 2012P EPS, we believe the stock properly reflects the risk/reward considering a continued challenging macro environment." Shares of PepsiCo were trading at $63.29 at the time of posting, down 0.11% from Thursday's market close.