Stock Update: PepsiCo Inc (NYSE:PEP) – Twitter names PepsiCo CFO to its board of directors

[AP] – Twitter has appointed PepsiCo’s chief financial officer to its board. Hugh Johnston has served as PepsiCo Inc.’s CFO since 2010. The 54-year-old executive also serves as vice chairman of the food and beverage … Read more on this. Pepsico, Inc. (PEP) , with a current market cap of $153.60B, started trading this morning at $103.99. Today, shares have traded between $103.90 and $105.25 per share with the price of the stock fluctuating between $76.48 to $105.25 over the last 52 weeks. PepsiCo (PEP) shares are currently priced at 22.14x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 39.49x earnings multiple for the same period. The company pays shareholders $2.81 per share annually in dividends, yielding 2.71%. 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. What we find to be interesting is that the full-year EPS estimate of $4.68 is a $0.11 improvement when compared to the previous year’s annual results. 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. In terms of ratings, Sterne Agee CRT downgraded PEP from Buy to Neutral (Feb 26, 2016). Previously, Nomura upgraded PEP from Reduce to Neutral. Given all the information above, we should disclose to readers that the average price target is $106.55, which is 2.46% above than it opened this morning. See more in (NYSE:PEP) Similar Articles: Company Update: PepsiCo Inc (NYSE:PEP) – PepsiCo Announces Leadership Changes Stock Update (NYSE:PEP): PepsiCo Elects Cesar Conde to Company’s Board of Directors Stock Update: PepsiCo Inc (NYSE:PEP) – PepsiCo to Present at the Consumer Analyst Group of New York Conference