Market Update (NYSE:PEP): PepsiCo Announces Webcast of Annual Shareholders’ Meeting

[PR Newswire] – PURCHASE, N.Y., April 22, 2016 /PRNewswire/ — PepsiCo, Inc.’s (NYSE: PEP) annual shareholders’ meeting will be webcast live on Wednesday, May 4, 2016 at 9 a.m. Eastern Daylight Time. The live webcast … Read more on this. Pepsico, Inc. (PEP) , with a current value of $147.30B, started the session at $101.17. Today, shares have traded between $100.94 and $102.06 per share with a one year range of $76.48 to $105.77. PEP shares are currently priced at 21.40x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 20.34x earnings multiple for the same period. And for income investors, the company pays shareholders $2.81 per share annually in dividends, yielding 2.69%. Consensus earnings for the current quarter by the 20 sell-side analysts covering the stock is an estimate of $1.29 per share, which would be $0.03 worse than the year-ago quarter and a $0.07 sequential decrease. The full-year EPS estimate is $4.72 which would be a $0.15 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $15.36 Billion. If realized, that would be a 3.52% decrease over the year-ago quarter. In terms of ratings, Stifel downgraded PEP from Buy to Hold (Apr 14, 2016). Previously, Sterne Agee CRT downgraded PEP from Buy to Neutral. The average price target for PEP shares is $111.24, which is 9.95% above where the stock opened this morning. See more in (NYSE:PEP) Similar Articles: Stock Update: PepsiCo Inc (NYSE:PEP) – Twitter names PepsiCo CFO to its board of directors Company Update: PepsiCo Inc (NYSE:PEP) – PepsiCo Announces Leadership Changes Market Update (NYSE:PEP): Barfresh Announces Exclusive Sales Agreement With PepsiCo North America Beverages