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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Flamin' Hot teams up with Megan Thee Stallion to form Flamin' Hot University, offering online courses and limited-edition merch that funds scholarships for HBCU students. Proceeds from the merchandise collection will go towards a scholarship fund of up to $150,000 at Texas Southern University. Flamin' Hot also makes a separate contribution of $100,000 to the Pete and Thomas Foundation. The Flamin' Hot portfolio of snacks is coming together for a national campaign.
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Casey’s and Gatorade® partner for the Fuel Sports for All Giveaway, offering guests the chance to win one of 1,500 Casey's gift cards valued at up to $15. Gatorade will donate up to $60,000 to three Move United local chapters. This partnership aims to empower athletes of all abilities and promote inclusivity in sports.
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PepsiCo to release Q3 2023 financial results on October 10, 2023
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GENYOUth launches Super School Meals initiative in Nevada, providing grants for meal equipment packages to tackle student hunger and increase access to school meals. Partners include Clark County School District, Las Vegas Super Bowl Host Committee, Dairy Council of Nevada, Frito-Lay, Quaker Oats, PepsiCo Foundation, and Kroger. September designated as Hunger Action Month. Grab and Go meal equipment has been proven to increase school meal participation by 27%. Nevada schools will receive grants for over 58 meal equipment packages. 1 in 5 Nevada children live in food insecurity. 30 million U.S. students rely on school meals. Nevada schools can apply for grants at GENYOUthNow.org.
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Frito-Lay and CHEETOS donate over $300,000 to GENYOUth for school meals and youth sports programs
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Cheetos celebrates its 75th birthday with a runway collection and limited-edition Cheetos cake. The Cheetle-inspired clothing collection and exclusive handbag are available for purchase. Fans can also get the Flamin' Hot Cheetos x Alamar Cosmetics makeup collection. A one-of-a-kind Cheetos Milk Bar birthday cake is available for purchase, with proceeds benefiting charity.
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The PepsiCo Foundation, National Urban League, and Greater Baltimore Urban League are hosting a Culinary Tasting Event to showcase the success of the Black Restaurant Accelerator Program. The program aims to support Black-owned restaurants across the country and has led to 26 new restaurant openings in Baltimore. Attendees will hear inspiring stories from program grantees and learn how the program has transformed their businesses.
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PepsiCo announces a $160,000 donation to HBCUs and their students at the 2023 Pepsi National Battle of the Bands in Houston, Texas
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Frito-Lay North America (LAYS) introduces Lay's Kettle Cooked Ruffles All Dressed flavored potato chips as part of the Flavor Swap program, along with Lay's Cheetos Cheese, Lay's Doritos Cool Ranch, and Lay's Wavy Funyuns Onion flavored chips. The new flavor is a fusion of Lay's Kettle Cooked and Ruffles, offering a tangy, savory, and sweet flavor experience. Available at retailers nationwide, the new flavors are priced at $4.79 for larger bags and $2.49 for smaller bags.
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FAQ
What is the current stock price of PepsiCo (PEP)?
The current stock price of PepsiCo (PEP) is $152.89 as of December 28, 2024.
What is the market cap of PepsiCo (PEP)?
The market cap of PepsiCo (PEP) is approximately 209.8B.
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
209.76B
1.37B
0.15%
77.64%
1.42%
Beverages - Non-Alcoholic
Beverages
United States of America
PURCHASE