Stock Update (NYSE:PEP): PepsiCo’s Frito-Lay Division Honors Huntsville Team ‘Zone of the Year’

[PR Newswire] – HUNTSVILLE, Ala., April 7, 2016 /PRNewswire/ — Frito-Lay North America’s Huntsville team has been honored with this year’s Dale Stortz Award for being the “Zone of the Year” for 2015. The Dale … Read more on this. Pepsico, Inc. (PEP) , with a current market cap of $150.94B, opened at $103.34. Looking at today’s trading action, the company’s one day range from $103.03 to $103.49 with a trailing 52-week range being $76.48 to $103.99. PEP shares are currently priced at 22.21x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 41.78x earnings multiple. And for income investors, the company pays shareholders $2.81 per share annually in dividends, yielding 2.71%. 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. When considering if perhaps the stock is under or overvalued, the average price target is $106.55, which is 3.11% above where the stock opened this morning. See more in (NYSE:PEP) Similar Articles: Stock Update: PepsiCo Inc (NYSE:PEP) – NHL Fans Score Big with the Pepsi® Hoist the Cup™ Experience Exclusively at Subway® Canada Stock Update (NYSE:PEP): PepsiCo Announces Timing of First Quarter 2016 Earnings Release and Conference Call Stock Update (NYSE:PEP): PepsiCo and Frito-Lay mobilize Massive volunteer Manpower in United Way ‘Day of Caring’ Event