PepsiCo, Inc. - PEP STOCK NEWS

PepsiCo (PEP) has declared a quarterly dividend of $1.355 per share, representing a 7% increase compared to the previous year. The dividend will be paid on March 31, 2025, to shareholders of record as of March 7, 2025.

The company also announced a 5% increase in its annualized dividend to $5.69 per share from $5.42, effective from June 2025. This marks PepsiCo's 53rd consecutive annual dividend increase, maintaining its streak of quarterly cash dividend payments since 1965.

Kroger (NYSE:KR) and PepsiCo (NYSE:PEP) have won a Gold Mitt Award for Chef's Choice at the FMI Foundation's Stir it Up! culinary event. The competition, celebrating ten years of National Family Meals Month, focused on the theme 'What's for Dinner? Dishing up New Family Flavors.'

The collaboration showcases a special menu featuring Asian-inspired dishes with a Flamin' Hot® twist, including -time offerings like the Flamin' Hot® Sushi Platter at Kroger stores. The initiative supports the FMI Foundation's mission of addressing food safety, health, and nutrition concerns.

Kroger is promoting these offerings through their digital platform, which provides over $600 in weekly digital coupon savings. Customers can access these products through in-store shopping or Kroger Pickup and Delivery services. The Boost by Kroger Plus membership offers additional benefits, potentially saving customers up to $1,100 per year on fuel, exclusive savings, streaming options, and grocery delivery.

PepsiCo (NASDAQ: PEP) has completed the acquisition of Siete Foods for $1.2 billion. This strategic move expands PepsiCo's portfolio of nutritious food products, following previous acquisitions including PopCorners, Bare, Stacy's Pita Chips, and Sabra.

Siete Foods, which began with a single almond flour tortilla in Austin, has grown to offer a diverse range of better-for-you Mexican-American products, including Grain Free Tortillas, Enchilada Sauces, Taco Seasonings, and various snacks. The brand currently has presence in over 40,000 retailers.

The acquisition aligns with PepsiCo's strategy to transform its portfolio by reducing salt, sugar, and saturated fat content while maintaining taste, and expanding through innovation and strategic acquisitions. PepsiCo aims to make Siete's products more widely available while preserving the brand's special attributes.

PepsiCo (NASDAQ: PEP) has announced the appointment of Christine Tammara as Senior Vice President and Controller, effective May 3, 2025. She will succeed Marie Gallagher, who will retire. Tammara, who will report to CFO Jamie Caulfield, has been with PepsiCo since 2007 and currently serves as Senior Vice President, Controller of PepsiCo Beverages North America since June 2023. Her previous roles include Senior Vice President and General Auditor (2021-2023) and Vice President and Assistant Controller, Technical Accounting and Policy (2016-2021). In her current position, she has been instrumental in driving the sector's control agenda and overseeing financial reporting.

PepsiCo (NASDAQ: PEP) has announced the schedule for releasing its fourth-quarter and full-year 2024 financial results. The company will publish its results on Tuesday, February 4, 2025. The release will follow this timeline:

- Press release and 10-K will be available at 6:00 a.m. EST
- Prepared management remarks in PDF format at 6:30 a.m. EST
- Live Q&A session with Chairman and CEO Ramon Laguarta and CFO Jamie Caulfield at 8:15 a.m. EST

All materials will be accessible through PepsiCo's investor relations website.

PepsiCo (PEP) has announced ¡Ya Oaxaca! as the winner of its 2024 Greenhouse Accelerator: Juntos Crecemos Edition, awarding the company a $100,000 grant. The Mexican food brand, specializing in artisanal mole sauces, adobos, and salsas, was selected from eight finalists following a five-month mentorship program.

Founded by Chef Susana Trilling and her sons, ¡Ya Oaxaca! demonstrated exceptional growth during the program, increasing revenue by 350% and expanding retail distribution by 200%. The company sources and produces ingredients in Mexico, focusing on authentic, chef-crafted, all-natural Mexican meals. Each finalist received $20,000 and coaching from PepsiCo experts in R&D, Supply Chain, and Design.

PepsiCo (NASDAQ: PEP) has announced plans to acquire the remaining 50% stake in Sabra Dipping Company and Obela, making it the sole owner of both companies. These joint ventures, previously shared with Strauss Group since 2008 and 2012 respectively, manufacture and distribute refrigerated dips and spreads. Sabra, operating in the US and Canada, has grown to become a leading hummus brand with nearly $400MM in retail sales. Obela operates in Australia, New Zealand, and Mexico. The transactions are expected to close by end of 2024.

The Center for Employment Opportunities (CEO) Denver has been recognized as one of the top 100 nonprofits in North America, receiving a PepsiCo Foundation Community Impact Award for 2024. The organization, which has operated in Denver since 2017, focuses on providing employment services to justice-impacted job seekers. CEO operates in 30 cities, helping individuals with recent criminal histories secure steady employment and achieve economic stability.

The award is part of PepsiCo Foundation's initiative to support local communities and address inequality through economic opportunity, clean water, and food security. The selection process involved PepsiCo employees nominating local organizations, highlighting the Foundation's commitment to supporting community-specific needs through local partnerships.

PepsiCo announced a quarterly dividend of $1.355 per share, representing a 7% increase from the previous year. The dividend will be paid on January 6, 2025, to shareholders of record as of December 6, 2024. This payment aligns with PepsiCo's previously announced increase in its annualized dividend to $5.42 from $5.06 per share, which began in June 2024. The company has maintained consecutive quarterly dividend payments since 1965 and achieved its 52nd consecutive annual dividend increase in 2024.