Stock Update (NYSE:PEP): PepsiCo Announces Timing of First Quarter 2016 Earnings Release and Conference Call

[PR Newswire] – PURCHASE, N.Y., March 18, 2016 /PRNewswire/ — PepsiCo, Inc. (NYSE: PEP) today announced that it will issue its first quarter 2016 (ending March 19th) financial results on Monday, April 18, 2016 at approximately 6:30 … Read more on this. Pepsico, Inc. (PEP) , with a current value of $146.64B, started the session at $101.67. Looking at today’s market, PEP one day range is $101.36 to $101.94 with a trailing 52-week range being $76.48 to $103.44. PEP shares are currently priced at 21.77x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 38.29x forward p/e ratio. The company pays shareholders $2.81 per share annually in dividends, yielding 2.78%. 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 $0.04 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $4.68 is a $0.11 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.85 Billion. If reported, that would be a 3.03% decrease over the year-ago quarter. Recently, Sterne Agee CRT downgraded PEP from Buy to Neutral (Feb 26, 2016). Previously, Nomura upgraded PEP from Reduce to Neutral. Investors should keep in mind is that the average price target is $105.95, which is 4.21% 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 Market Update (NYSE:PEP): Barfresh Announces Exclusive Sales Agreement With PepsiCo North America Beverages Stock Update (NYSE:PEP): PepsiCo and Frito-Lay mobilize Massive volunteer Manpower in United Way ‘Day of Caring’ Event