Stock Update (NYSE:PEP): Celebrate the 90s with Crystal Pepsi® — Iconic Clear Cola to Hit Shelves This Summer

[CNW Group] – Celebrate the 90s with Crystal Pepsi® — Iconic Clear Cola to Hit Shelves This Summer Read more on this. Pepsico, Inc. (PEP) , valued at $148.82B, started trading this morning at $102.82. Looking at today’s market, PEP one day range is $102.46 to $103.33 and has traded between $76.48 and $106.94 over the past 12 months. Priced at 21.59x this year’s forecasted earnings, PEP shares are relatively inexpensive compared to the industry’s 31.48x forward p/e ratio. And for passive income investors, the company pays shareholders $3.01 per share annually in dividends, yielding 2.95%. According to a consensus of 21 analysts, the earnings estimate of $1.29 per share would be $0.03 worse than the year-ago quarter and a $0.04 sequential decrease. Investors should also note that the full-year EPS estimate of $4.73 is a $0.16 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $15.38 Billion. If reported, 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 8.69% above than it opened this morning. See more in (NYSE:PEP) Similar Articles: Company Update (NYSE:PEP): Pepsi Unveils All New Emoji Collection So Fans Can #SayItWithPepsi 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): Pepsi Pays Tribute to More Than a Century of Cola-Making Expertise with the Launch of 1893 from the Makers of Pepsi-Cola