Stock Update: PepsiCo Inc (NYSE:PEP) – America Curates The First Official Cheetos Museum

[PR Newswire] – What do you see in your Cheetos? This summer, Cheetos, one of the flagship brands from PepsiCo’s Frito-Lay division, is searching for the next Mona Lisa of Cheetos shapes to be a part of the official online museum, www.CheetosMuseum.com, celebrating all of the art to be found in a Cheetos bag. Since its launch, the Cheetos Museum has already had over 15,000 Cheetos fans turned art curators submit the unique shapes they’ve found in their Cheetos bags. Read more on this. Pepsico, Inc. (PEP) , valued at $149.76B, started the session at $104.07. A quick look at the market, the company’s stock traded between $103.57 and $104.68 with a one year range of $76.48 to $106.94. PEP shares are currently priced at 21.86x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 31.48x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $3.01 per share annually in dividends, yielding 2.91%. Consensus earnings for the current quarter by the 21 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 $0.04 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.73 would be a $0.16 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 $15.38 Billion. If realized, that would be a 3.39% decrease over the year-ago quarter. More recently, Stifel downgraded PEP from Buy to Hold (Apr 14, 2016). Previously, Sterne Agee CRT downgraded PEP from Buy to Neutral. Given all the information above, we should disclose to readers that the average price target is $111.75, which is 7.38% above than it opened this morning. See more in (NYSE:PEP) Similar Articles: Company Update: PepsiCo Inc (NYSE:PEP) – PepsiCo Declares Quarterly Dividend Stock Update: PepsiCo Inc (NYSE:PEP) – Twitter names PepsiCo CFO to its board of directors Stock Update: PepsiCo Inc (NYSE:PEP) – PepsiCo to Present at the Consumer Analyst Group of New York Conference