PepsiCo Inc (PEP.N) tempered its full-year outlook on Thursday due to economic uncertainty, sending its shares down slightly in premarket trading. The maker of Pepsi-Cola, Frito-Lay snacks and Quaker oatmeal said it now expects 2011 earnings to grow at a high single-digit rate, from the $4.13 per share it earned in 2010. The new forecast includes a 2 percentage point boost from foreign exchange rates. Its prior target, for growth of 7 percent to 8 percent, did not include that boost. The company said the new goal reflects greater uncertainty regarding macroeconomic and consumer trends for 2011, high global commodity cost inflation and ongoing investments in emerging markets and brand building. PepsiCo shares fell 1.6 percent to $67.40 in light premarket trading from Wednesday's closing price of $68.49 on the New York Stock Exchange.
PepsiCo, Inc. (PepsiCo) is a global food, snack and beverage company. Shares of PEP remained unchanged at $68.49. In the past year, the shares have traded as low as $62.05 and as high as $71.89. On average, 6288000 shares of PEP exchange hands on a given day and today's volume is recorded at 0.
