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. reports developments across a global beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. Recurring news covers brand innovation, Gatorade hydration science, sports and consumer campaigns, supply-chain and go-to-market technology, and updates tied to the company's international operations.
Company announcements also cover dividend actions, annual meeting communications, and PepsiCo Positive initiatives involving renewable energy, fertilizer decarbonization, and broader value-chain sustainability programs. These updates reflect the company's mix of packaged foods, carbonated soft drinks, sports hydration, and other beverage categories sold across global markets.
On December 5, 2022, PepsiCo announced an ambitious goal to double the percentage of beverage servings delivered through reusable models from 10% to 20% by 2030. This initiative is part of the company's sustainability strategy, PepsiCo Positive (pep+). The plan includes expanding its SodaStream business and increasing refillable offerings in partnership with bottlers. PepsiCo aims to eliminate over 200 billion plastic bottles by 2030 and reduce virgin plastic usage by 50% by 2030. The company continues to collaborate on infrastructure to support these reusable models.
Frito-Lay North America recently announced a $600,000 contribution to the U.S. Soccer Foundation's "All-In with Frito-Lay" initiative. This three-year commitment aims to enhance resources and training for over 30,000 young athletes, promoting equity in soccer. More than 1,000 coaches will be trained to support youth development. The initiative aligns with Frito-Lay's broader $1 million pledge to charitable organizations, fostering mentoring relationships that empower young players.
SunChips, a brand under Frito-Lay, has launched the second year of its 'Art Seen' campaign in Miami, promoting visibility for diverse artists. The initiative aims to address the underrepresentation of women and people of color in the art world, where only 15% of permanent collections feature their work. During the event from November 30 to December 2, attendees can vote for their favorite artists, with the top three receiving commissions for exclusive artwork on SunChips packaging. A digital gallery will also be available from November 30 to December 18.
The Women's Sports Foundation (WSF) has announced its 2022 grant recipients for the Sports 4 Life program, co-founded with espnW and supported by Gatorade. A total of $280,000 has been awarded to 40 organizations across 23 states, benefiting nearly 6,000 girls. Since its inception in 2014, the program has funded 203 organizations, distributing $2 million to support 75,000 girls in sports. This initiative aims to enhance participation among Black, Hispanic, and Native American girls, addressing barriers and promoting leadership and self-esteem.
PepsiCo has declared a quarterly dividend of $1.15 per share, marking a 7% increase compared to last year. This aligns with the company’s annual dividend hike to $4.60 per share, effective from June 2022. The dividend is scheduled for payment on January 6, 2023, to shareholders recorded by December 2, 2022. PepsiCo continues its history of dividend payments since 1965, achieving its 50th consecutive annual increase in 2022.
Frito-Lay's Doritos brand is launching DORITOS® Dips in Spicy Nacho and Cool Ranch Jalapeno flavors, emphasizing 'Big Dip Energy.' This innovative product aims to enhance dining experiences by pairing perfectly with various foods. Promoted by actress Keke Palmer, the dips are designed to disrupt traditional condiment choices. Fans can participate in a social media giveaway to win kits featuring the new dips. The dips will be available at retailers nationwide and online through Snacks.com starting this month.
Casey’s and Gatorade have announced a joint initiative to provide $60,000 in funding to three youth sports organizations in location value="LU/us.tn.knxvle"Knoxville, location value="LU/us.mo.kancty"Kansas City, and location value="LU/us.ok.oklcty"Oklahoma City. Each organization will receive $20,000 to improve access and resources for underserved communities. The funds will support equipment purchases and program expansion. This initiative aims to eliminate barriers to sports participation for youth, especially post-COVID-19.
Frito-Lay has launched its FIFA World Cup™ campaign titled 'Soccer or Football', directed by filmmaker Michael Bay. This initiative features sports icons like David Beckham and Peyton Manning, aiming to engage fans during the tournament from Nov. 20 to Dec. 18, 2022. The campaign promotes limited-time Lay's snacks and introduces 'Snack Cards,' allowing fans to win free chips based on game events. The commercial debuted on Nov. 15, 2022, seeking to spark debate and enhance the viewing experience with interactive promotions and special flavors inspired by the tournament.
Lay's and Subway celebrate National Pickle Day with a sweepstakes aimed at pickleball enthusiasts. The promotion features the return of Lay's Dill Pickle Chips to Subway stores, complemented by Subway's new premium pickles. Customers can receive a free bag of snacks when spending $15 or more via DoorDash. Participants can enter the #pickleballislife sweepstakes for a chance to win a year of free Subway sandwiches and snacks by sharing their pickleball moments on social media. The promotion runs from November 14 to November 21, 2022.
PepsiCo (NASDAQ: PEP) released its 2021 Diversity, Equity and Inclusion (DE&I) Report, highlighting progress in gender parity, pay equity, and workforce diversity. The report reveals that managerial roles occupied by women globally have reached 43%, with a target of 50% by 2025. Additionally, Black and Hispanic representation in managerial roles is at 8.3% and 9.5%, respectively. The company has invested over $2.9 billion in diverse suppliers over the past three years. New audio components have been added for accessibility, showcasing PepsiCo's commitment to inclusivity.