Stock Update (NYSE:PEP): Lady Gaga To Headline Doritos #BoldStage At South By Southwest Music Festival; The Only Ticket In Is An Act Of Boldness

PepsiCo Inc (NYSE:PEP) [PR Newswire] – PLANO, Texas, March 6, 2014 /PRNewswire/ — Doritos, one of the marquee brands from PepsiCo’s Frito-Lay division, today announced its return to the South by Southwest (SXSW) Music Conference and Festival in Austin, Texas, with its boldest headlining act to date: Lady Gaga. With an exclusive performance celebrating the multi-platinum-selling artist’s latest album ARTPOP – which debuted at No.1 on the Billboard 200 – and her Born This Way Foundation, Lady Gaga will headline the Doritos #BoldStage on Thursday, March 13. Through a special program that gives fans a chance to express their individuality, the only “ticket” to Lady Gaga’s exclusive performance will be an act of boldness. From now until Wednesday, March 12, the Doritos brand will reveal a series of challenges – known as Bold Missions – that fans must complete for a chance to gain access to the show. The first Bold Mission – which Lady Gaga announced herself – is called #BoldBravery. It asks fans to share a picture or video that expresses their individuality through a bold action using the hashtags #BoldBravery and #BoldStage.
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Pepsico, Inc. (PEP), with a current market cap of $123.35B, opened at $81.17.
During the trading session, PEP traded between $80.96 to $81.44 with its 52-week range being $76.00 to $87.06.
PEP shares are currently priced at 17.94x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 25.73x earnings multiple.
The company pays shareholders $2.27 per share in dividend income per year, for a current yield of 2.80%.
Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $0.75 per share, which would be $0.02 worse than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $4.52, which would be a $0.15 better than last year.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $12.43 Billion. If reported, that would be a 1.19% decrease over the year-ago quarter.
More recently, UBS Initiated PEP at Neutral (Mar 4, 2014). Previously, RBC Capital Mkts Initiated PEP at to Sector Perform.
The average price target for PEP shares by the analysts covering the stock is $89.29, which is 10.00% above where the stock opened this morning.
PepsiCo Inc (NYSE:PEP), operates as a food and beverage company worldwide. The company serves wholesale and foodservice distributors, grocery and convenience stores, mass merchandisers, membership stores, and authorized independent bottlers through direct-store-delivery systems, customer warehouses, and distributor networks.
Tag Helper ~ Stock Code: PEP | Common Company name: PepsiCo | Full Company name: PepsiCo Inc (NYSE:PEP) .

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