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Stock Update (NYSE:PEP): Pepsi Pays Tribute to More Than a Century of Cola-Making Expertise with the Launch of 1893 from the Makers of Pepsi-Cola

[PR Newswire] – PURCHASE, N.Y., March 31, 2016 /PRNewswire/ — In a continued demonstration of its passion for discovery and providing consumers a wide array of refreshing beverages, today, Pepsi announces the addition of 1893 from the Makers of Pepsi-Cola to its extensive portfolio of products. 1893, a blend of premium kola nut extract, real sugar and sparkling water, is available now in two delicious flavors: Original and Ginger Cola, for a unique and unexpected cola experience. “We were energized by the food revolution, and inspired by consumer interest in bold and interesting taste combinations,” said Chad Stubbs, Vice President of Marketing, Pepsi Trademark. Read more on this. Pepsico, Inc. (PEP) , with a current market cap of $150.38B, opened at $102.54. A quick look at the market, the company’s stock traded between $102.30 and $103.45 with the price of the stock fluctuating between $76.48 to $103.45 over the last 52 weeks. PEP shares are currently priced at 21.94x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 38.37x forward p/e ratio. And for income investors, the company pays shareholders $2.81 per share annually in dividends, yielding 2.78%. In a review of the consensus earnings estimate this quarter, 21 sell-side analysts are looking at $0.81 per share, which 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 better 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. In terms of ratings, 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 $106.36, which is 3.73% above where the stock opened this morning. See more in (NYSE:PEP) Similar Articles: Stock Update (NYSE:PEP): PepsiCo Announces Timing of First Quarter 2016 Earnings Release and Conference Call Market Update: PepsiCo Inc (NYSE:PEP) – Pepsi Paints the Bay Area Blue for Super Bowl 50 Stock Update (NYSE:PEP): PepsiCo and Frito-Lay mobilize Massive volunteer Manpower in United Way ‘Day of Caring’ Event
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