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Company Update: PepsiCo Inc (NYSE:PEP) – Doritos Brand Kicks Off New Record-Setting Campaign

[PR Newswire] – PLANO, Texas, March 7, 2016 /PRNewswire/ — Doritos, one of the flagship brands from PepsiCo’s Frito-Lay division, today launched a new campaign inviting the boldest of fans to set 50 bold records throughout 2016. On the heels of the final installment of its iconic “Crash the Super Bowl” advertising campaign, Doritos has once again put control in the hands of consumers with Bold 50, a year-long program celebrating Doritos’ 50th anniversary. The program challenges the boldest fans in the world to be part of 50 world records with Doritos during 2016. Read more on this. Pepsico, Inc. (PEP) , valued at $143.28B, opened this morning at $99.25. Looking at the stock, its one day range is $98.97 to $99.60 and has traded between $76.48 and $103.44 over the past year. PepsiCo (PEP) shares are currently priced at 21.37x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 37.93x earnings multiple for the same period. And for income investors, the company pays shareholders $2.81 per share annually in dividends, yielding 2.81%. 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. Investors should also note that the full-year EPS estimate of $4.68 is a $0.11 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.85 Billion. If realized, that would be a 3.03% decrease over the year-ago quarter. Recently, Sterne Agee CRT downgraded PEP from Buy to Neutral (Feb 26, 2016). Previously, Nomura upgraded PEP from Reduce to Neutral. Investors should keep in mind is that the average price target is $105.20, which is 5.99% above where the stock opened this morning. See more in (NYSE:PEP) Similar Articles: Company Update: PepsiCo Inc (NYSE:PEP) – PepsiCo’s Doritos Brand Reveals Final Three Consumer-Created "Crash The Super Bowl" Ads Vying For $1 Million Grand Prize, Super Bowl 50 Airtime And Exclusive Opportunity With Warner Bros. Pictures, DC Entertainment And Director Zack Snyder Company Update: PepsiCo Inc (NYSE:PEP) – Doritos Brand Issues Last Call Ever For Fans Around The World To Create Doritos Ads In Its Crash The Super Bowl Contest Market Update: PepsiCo Inc (NYSE:PEP) – Doritos Brand, For The Last Time, Sponsors $1 Million Grand Prize In Ultimate Crash The Super Bowl Contest And Exclusive Opportunity With Warner Bros. Pictures, DC Entertainment And Director Zack Snyder
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