Stock Update (NYSE:PEP): PepsiCo Elects Cesar Conde to Company’s Board of Directors

[PR Newswire] – PURCHASE, N.Y., March 4, 2016 /PRNewswire/ — PepsiCo, Inc. (PEP) today announced that its Board of Directors has elected Cesar Conde as an independent member of the Board, effective March 4, 2016. “Cesar is a strong global executive with an impressive track record spanning business, finance and media,” said PepsiCo Chairman and CEO Indra Nooyi. Conde joined NBCUniversal in 2013 as Executive Vice President, overseeing NBCUniversal International and NBCUniversal Digital Enterprises until 2015. Read more on this. Pepsico, Inc. (PEP) , currently valued at $144.06B, began trading this morning at $98.81. During today’s session, PEP traded between $98.57 to $99.84 and has traded between $76.48 and $103.44 over the past year. PepsiCo (PEP) shares are currently priced at 21.19x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 39.43x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $2.81 per share annually in dividends, yielding 2.87%. According to a consensus of 21 analysts, the earnings estimate of $0.81 per share would be $0.02 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $4.68 which would be a $0.11 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.85 Billion. If realized, that would be a 3.03% decrease over the year-ago quarter. More recently, Sterne Agee CRT downgraded PEP from Buy to Neutral (Feb 26, 2016). Previously, Nomura upgraded PEP from Reduce to Neutral. When considering if perhaps the stock is under or overvalued, the average price target is $105.20, which is 6.47% above where the stock opened this morning. See more in (NYSE:PEP) Similar Articles: Stock Update: PepsiCo Inc (NYSE:PEP) – PepsiCo to Present at the Consumer Analyst Group of New York Conference Stock Update: PepsiCo Inc (NYSE:PEP) – 100% Driver Turnover Hurts Trucking Industry: Correct M&A Approach Can Fix It Stock Update (NYSE:PEP): PepsiCo and Frito-Lay mobilize Massive volunteer Manpower in United Way ‘Day of Caring’ Event