Stock Update: PepsiCo Inc (NYSE:PEP) – 100% Driver Turnover Hurts Trucking Industry: Correct M&A Approach Can Fix It

[at Forbes] – It’s remarkable how fully optimized some industries are – computer chips and potato chips come to mind, as in Intel and Pepsico’s Frito-Lay – and how others continue to offer enormous pieces of low-hanging fruit to the enterprising business leader. Read more on this. Pepsico, Inc. (PEP) , currently valued at $144.93B, started trading this morning at $98.38. During the trading session, PEP traded between $98.12 to $99.76 with its 52-week range being $76.48 to $103.44. PEP shares are currently priced at 21.81x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 37.18x earnings multiple. The company pays shareholders $2.81 per share annually in dividends, yielding 2.81%. In a review of the consensus earnings estimate this quarter, 21 sell-side analysts are looking at $1.06 per share, which would be $0.06 worse than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $4.56, which would be a $0.07 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $18.61 Billion. If realized, that would be a 6.72% decrease over the year-ago quarter. More recently, Nomura upgraded PEP from Reduce to Neutral (Nov 23, 2015). Previously, Sterne Agee CRT Initiated PEP at to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $105.70, which is 7.44% above where the stock opened this morning. See more in (NYSE:PEP) Similar Articles: Stock Update (NYSE:PEP): PepsiCo and Frito-Lay mobilize Massive volunteer Manpower in United Way ‘Day of Caring’ Event Market Update (NYSE:PEP): PepsiCo Expands Support for STEM Mentorship and Advocacy Stock Update: PepsiCo Inc (NYSE:PEP) – Price rises help PepsiCo top expectations