Market Update: PepsiCo Inc (NYSE:PEP) – Pepsi Paints the Bay Area Blue for Super Bowl 50

[PR Newswire] – PURCHASE, N.Y., Feb. 4, 2016 /PRNewswire/ — Pepsi, the official sponsor of the Super Bowl 50 Halftime Show, unveiled activations the brand will execute around California’s Bay Area and across the country, to get consumers excited for Halftime and Super Bowl 50 leading up to the big game. Read more on this. Pepsico, Inc. (PEP) , valued at $141.59B, began trading this morning at $98.68. Looking at today’s trading action, the company’s one day range from $97.00 to $98.90 with a trailing 52-week range being $76.48 to $103.44. PEP shares are currently priced at 21.60x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 37.27x earnings multiple. And for income investors, the company pays shareholders $2.81 per share annually in dividends, yielding 2.83%. In a review of the consensus earnings estimate this quarter, 22 sell-side analysts are looking at $1.06 per share, which would be $0.06 worse than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.57 would be a $0.06 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $18.53 Billion. If reported, that would be a 7.12% decrease over the year-ago quarter. In terms of ratings, Nomura upgraded PEP from Reduce to Neutral (Nov 23, 2015). Previously, Sterne Agee CRT Initiated PEP at to Buy. The average price target for PEP shares by the analysts covering the stock is $105.10, which is 6.51% above where the stock opened this morning. See more in (NYSE:PEP) Similar Articles: Company Update: PepsiCo Inc (NYSE:PEP) – PepsiCo’s Doritos Brand Reveals Final Three Consumer-Created "Crash The Super Bowl" Ads Vying For $1 Million Grand Prize, Super Bowl 50 Airtime And Exclusive Opportunity With Warner Bros. Pictures, DC Entertainment And Director Zack Snyder Company Update: PepsiCo Inc (NYSE:PEP) – Doritos Brand Issues Last Call Ever For Fans Around The World To Create Doritos Ads In Its Crash The Super Bowl Contest Market Update: PepsiCo Inc (NYSE:PEP) – Doritos Brand, For The Last Time, Sponsors $1 Million Grand Prize In Ultimate Crash The Super Bowl Contest And Exclusive Opportunity With Warner Bros. Pictures, DC Entertainment And Director Zack Snyder