Welcome to our dedicated page for PepsiCo news (Ticker: PEP), a resource for investors and traders seeking the latest updates and insights on PepsiCo stock.
PepsiCo, Inc. (NASDAQ: PEP) is a leading American multinational food, snack, and beverage corporation, headquartered in Purchase, New York. Renowned for its comprehensive portfolio, PepsiCo oversees the manufacturing, distribution, and marketing of a wide array of products that include globally recognized brands like Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos. Holding a dominant position in the global savory snacks market, PepsiCo also ranks as the second-largest beverage provider worldwide, following Coca-Cola.
PepsiCo's extensive product range caters to diverse consumer tastes and preferences, from carbonated soft drinks and water to sports and energy drinks. Approximately 55% of PepsiCo's total revenue is generated from convenience foods, with beverages contributing the remaining share. The company owns a significant portion of its manufacturing and distribution capacity both domestically and internationally, with international markets accounting for 40% of total sales and one-third of operating profits.
Recent Achievements and Initiatives:
- Lay's®, Sabritas®, Gamesa®, and Rockstar® Energy Drink announced a multi-year sponsorship of the Leagues Cup, featuring all 47 clubs from Major League Soccer (MLS) and LIGA MX. This partnership enhances soccer fans' experiences with special packaging, in-stadium events, and sweepstakes.
- Gatorade became the official sports drink partner of Wrexham Association Football Club, furthering its commitment to supporting athletes with science-backed products.
- Rockstar Energy Drink concluded its national music contest,
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PepsiCo, Inc. (NASDAQ: PEP) announced ambitious nutrition goals as part of PepsiCo Positive (pep+), aiming to reduce sodium and deliver important sources of nutrition in convenient foods. The company aims to reduce sodium content in its global convenient foods portfolio by at least 75% by 2030 and increase the delivery of diverse ingredients to promote a more nutritionally diverse diet. These goals align with global public health recommendations and reaffirm PepsiCo's commitment to improving the nutritional profile of its products.
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PEP: CHUZA Wins $100,000 Prize in PepsiCo Greenhouse Accelerator Program - San Diego-based snack company CHUZA wins $100,000 grand prize after participating in the Juntos Crecemos edition of the PepsiCo Greenhouse Accelerator program. The program focused on supporting emerging Hispanic businesses in the food and beverage industry. CHUZA, known for its spicy fruit and vegetable offerings infused with 100% Mexican spices, will receive a $100,000 grant and resources to scale their operations. Founded by CEO Daniel Schwarz, the company was chosen as the winner for successfully expanding distribution and driving growth during the program.
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Stacy's Pita Chips Launches Stacy's Rise Pies to Support Women Entrepreneurs; Applications Open for 2024 Stacy's Rise Project
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Lay's Potato Chip (LAY) launches 'Lay's Potato Chip to Potato Dish with Matt James' cookbook kit, featuring a limited-edition bag and original mashed potatoes recipe. The kit capitalizes on the viral cooking hack of turning Lay's potato chips into mashed potatoes, developed in collaboration with reality TV star Matt James.
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PepsiCo's Vice Chairman and CFO, Hugh Johnston, will be leaving the company on November 30 after 34 years of service. James Caulfield is appointed as the new CFO. Johnston will join The Walt Disney Company as CFO. Caulfield has an exemplary track record within PepsiCo and will bring continuity to the Finance function.
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Seth Kaufman has joined Vintage Wine Estates, Inc. as President and CEO. He brings extensive leadership experience from large consumer-oriented brand enterprises. Vintage Wine Estates is one of the fastest-growing wine producers in the U.S. with a leading direct-to-customer platform.
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Lay's (ticker: LAYS) introduces limited edition potato chip flavor inspired by Bravo, offering fans a chance to engage with iconic Lay's products and recipes. The collaboration brings together Lay's and Bravo to create a unique food experience.
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Cheetos introduces Cheetos Pretzels in Cheddar and FLAMIN' HOT flavors, combining the iconic orange Cheetle® dust with pretzels for a unique snacking experience.
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SunChips unveils winning artists for its 'Art Seen' program, featuring their artwork on millions of SunChips bags and local mural installations
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Gamers can get a free 1-month subscription to Xbox Game Pass Ultimate and earn gaming rewards with DORITOS, MTN DEW, and ROCKSTAR ENERGY DRINK.
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FAQ
What is the current stock price of PepsiCo (PEP)?
The current stock price of PepsiCo (PEP) is $158.33 as of November 18, 2024.
What is the market cap of PepsiCo (PEP)?
The market cap of PepsiCo (PEP) is approximately 218.1B.
What is PepsiCo known for?
PepsiCo is renowned for its extensive portfolio of food, snack, and beverage products, including well-known brands like Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos.
Where is PepsiCo headquartered?
PepsiCo is headquartered in Purchase, New York.
What percentage of PepsiCo's revenue comes from convenience foods?
Approximately 55% of PepsiCo's total revenue is generated from convenience foods.
What recent partnerships has PepsiCo announced?
Recent partnerships include Lay's®, Sabritas®, Gamesa®, and Rockstar® Energy Drink sponsoring the Leagues Cup, and Gatorade partnering with Wrexham AFC.
Who is PepsiCo's latest global brand ambassador?
Jack Grealish is PepsiCo's latest global brand ambassador.
What new flavor did PopCorners introduce in May 2024?
PopCorners introduced a new limited-edition flavor, Jalapeño Popper.
When will PepsiCo release its second-quarter 2024 financial results?
PepsiCo will release its second-quarter 2024 financial results on July 11, 2024.
What is the pep+ (PepsiCo Positive) initiative?
pep+ (PepsiCo Positive) is PepsiCo's strategic transformation focusing on sustainability and human capital to create value and growth within planetary boundaries.
How does PepsiCo engage with the sport of soccer?
PepsiCo engages with soccer through partnerships like the multi-year sponsorship of Leagues Cup by Lay's®, Sabritas®, Gamesa®, and Rockstar® Energy Drink, and featuring Lionel Messi in Lay's soccer-themed commercial.
Where can I find more information about PepsiCo?
For more information, visit PepsiCo's official website at www.pepsico.com and follow them on social media platforms like Twitter, Instagram, Facebook, and LinkedIn.
PepsiCo, Inc.
Nasdaq:PEP
PEP Rankings
PEP Stock Data
218.08B
1.37B
0.15%
77.7%
1.27%
Beverages - Non-Alcoholic
Beverages
United States of America
PURCHASE