Company Update: PepsiCo Inc (NYSE:PEP) – PepsiCo Announces Leadership Changes
March 30, 2016 at 16:30 PM EDT
[PR Newswire] – PURCHASE, N.Y., March 30, 2016 /PRNewswire/ — PepsiCo, Inc. (PEP) today announces the departure of Tom Greco, CEO, Frito-Lay North America (FLNA) and a series of senior executive changes that will expand the responsibilities of key leaders and support the company’s ongoing strategies for growth. “Tom has been a strong and valued leader inside PepsiCo for more than three decades, and has made lasting contributions to our business. “PepsiCo’s deep bench of world-class leaders and our top-notch talent development capabilities allow us to elevate our next generation of talent into bigger roles,” Nooyi said. Read more on this. Pepsico, Inc. (PEP) , with a current value of $150.06B, started trading this morning at $101.46. During the trading session, PEP traded between $101.41 to $102.89 and has traded between $76.48 and $103.44 over the past year. PEP shares are currently priced at 21.66x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 38.37x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $2.81 per share annually in dividends, yielding 2.79%. 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. In looking at the bigger picture, the full-year EPS estimate of $4.68 would be a $0.11 improvement when compared to the previous 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. More recently, 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 $106.36, which is 4.83% above where the stock opened. See more in (NYSE:PEP) Similar Articles: Stock Update (NYSE:PEP): PepsiCo Announces Timing of First Quarter 2016 Earnings Release and Conference Call Stock Update: PepsiCo Inc (NYSE:PEP) – PepsiCo to Present at the Consumer Analyst Group of New York Conference Market Update (NYSE:PEP): Barfresh Announces Exclusive Sales Agreement With PepsiCo North America Beverages
