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Company Update: PepsiCo Inc (NYSE:PEP) – Chester Cheetah Is On A Mission To Save The Candy Animals

[PR Newswire] – PLANO, Texas, March 3, 2016 /PRNewswire/ — Each Easter, Americans purchase more than 120 million pounds – 60,000 tons – of candy animals1 – from bunnies to chicks and, of course, their eggs. The Cheetos brand, one of the flagship brands from PepsiCo’s Frito-Lay division, and Chester Cheetah believe it’s time for a change. “We know consumers are looking for alternative snacking options this time of year, so we’ve brought back Cheetos Sweetos.” said Jeannie Cho, vice president of global brands, Frito-Lay. Read more on this. Pepsico, Inc. (PEP) , valued at $141.75B, ended trading yesterday at $98.33. Looking at today’s market, PEP one day range is $98.07 to $98.44 and has traded between $76.48 and $103.44 over the past 12 months. PepsiCo (PEP) shares are currently priced at 21.01x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 39.44x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $2.81 per share annually in dividends, yielding 2.86%. According to a consensus of 21 analysts, the earnings estimate of $0.81 per share would be $0.02 worse than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.68, which would be a $0.11 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.85 Billion. If reported, that would be a 3.03% decrease over the year-ago quarter. In terms of ratings, Sterne Agee CRT downgraded PEP from Buy to Neutral (Feb 26, 2016). Previously, Nomura upgraded PEP from Reduce to Neutral. The average price target for PEP shares by the analysts covering it is $105.20, which is 6.99% above where the stock opened. See more in (NYSE:PEP) Similar Articles: Stock Update: PepsiCo Inc (NYSE:PEP) – PepsiCo to Present at the Consumer Analyst Group of New York Conference Market Update: PepsiCo Inc (NYSE:PEP) – Chester Cheetah Sinks His Teeth Into Politics, Campaigns For Mayor Of Chester, Montana Stock Update (NYSE:PEP): Victory Is Cheesy – Chester Cheetah Inducted Into Madison Avenue Walk Of Fame
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