PepsiCo, Inc. - PEP STOCK NEWS

PepsiCo (NASDAQ: PEP) announced that Ramon Laguarta, CEO, and Hugh Johnston, CFO, will present at the Consumer Analyst Group of New York (CAGNY) Conference. This event will take place on February 22, 2023, at approximately 10:00 a.m. ET in Boca Raton, Florida. A live audio webcast and replay will be available on www.pepsico.com under the "Investors" section.

In 2022, PepsiCo generated over $86 billion in net revenue, driven by its diverse portfolio including brands like Lay's and Gatorade. The company aims to be a leader in beverages and convenient foods through its sustainability initiative, pep+.

On February 9, 2023, GENYOUth announced the completion of its Mission 57: End Student Hunger initiative, providing Grab and Go meal equipment to the Phoenix Union High School District. Supported by Frito-Lay, Quaker, and the PepsiCo Foundation, this initiative aims to combat food insecurity among students in Arizona. The program has delivered meal equipment to 22 schools and will allow access to over 8.5 million meals for approximately 31,000 students. With one in five children in Arizona facing food insecurity, Mission 57 represents a significant effort to enhance meal participation and combat hunger in schools.

Doritos, returning to the Super Bowl, features Jack Harlow, Elton John, and Missy Elliott in a creative advertisement emphasizing originality. The commercial, titled "Jack's New Angle," showcases Harlow struggling with his music until inspired by Doritos Sweet & Tangy BBQ. In addition, the brand launched a successful TikTok challenge, #DoritosTriangleTryout, leading to over one million video submissions. Doritos is set to engage fans in the Metaverse with unique digital experiences and prizes worth $20,000. The Super Bowl ad will air on February 12, and Frito-Lay's PopCorners will also debut a commercial during the event.

PopCorners, a snack brand under Frito-Lay North America, has announced its debut Super Bowl commercial, featuring a reimagining of the iconic show "Breaking Bad." This ad showcases the brand's air-popped, never fried popcorn snacks in seven flavors. The commercial will air during Super Bowl LVII, featuring original cast members Bryan Cranston, Aaron Paul, and Raymond Cruz, alongside the show's creator, Vince Gilligan. The campaign, titled "Breaking Good," aims to resonate with fans of the series while promoting the wholesome snack. This innovative marketing strategy reflects PopCorners' growth and increased visibility in the competitive snack market.

PepsiCo (NASDAQ:PEP) is enhancing support for local businesses in Phoenix ahead of Super Bowl LVII. Through its Juntos Crecemos initiative, the company is donating $50,000 and essential digital resources to five Hispanic-owned businesses to help them prepare for increased customer traffic. Each business receives $10,000 and access to digital marketing support valued at over $12,000, all aimed at boosting their operational capabilities. With an anticipated influx of visitors, these funds will aid in stocking supplies, hiring staff, and extending business hours, thereby aligning with PepsiCo's commitment to invest in the growth of Hispanic entrepreneurs.

Frito-Lay's recent Snack Index reveals consumers prioritize snacks during the Super Bowl, with 49% stating running out of snacks is worse than their team losing. The survey indicates that 62% prefer replenishing snacks during commercials. Party planning insights include starting gatherings early, with millennials leading interest. Flavor experimentation is high, with 71% eager to try new snacks. Additionally, 95% plan to include snacks in their Super Bowl dishes. The survey involved 2,000 U.S. adults from January 12-17, 2023, reflecting strong consumer engagement with snacks during significant events like the Super Bowl.

The Board of Directors of PepsiCo (NASDAQ: PEP) has declared a quarterly dividend of $1.15 per share, reflecting a 7% increase from the previous year. This dividend aligns with the annualized increase to $4.60 per share that started in June 2022. The payment date is set for March 31, 2023, for shareholders recorded by March 3, 2023. PepsiCo has a long-standing history of dividend payments, marking its 50th consecutive annual increase in 2022, reinforcing the company’s commitment to returning value to shareholders.