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,
PepsiCo, Inc. (NASDAQ: PEP) announced the timing for its second quarter 2022 financial results on July 12, 2022. The company will release its earnings at approximately 6:00 a.m. EDT, followed by prepared management remarks at 6:30 a.m. EDT. A live Q&A session with CEO Ramon Laguarta and CFO Hugh Johnston will take place at 8:15 a.m. EDT. PepsiCo generated over $79 billion in net revenue in 2021 and aims to lead in beverages and convenient foods through its pep+ sustainability initiative.
Doritos is launching a unique virtual concert, "Live From The Upside Down," in partnership with Netflix, scheduled for June 23, 2022, to celebrate the premiere of Stranger Things 4. The concert will feature iconic '80s artists like The Go-Go's, Corey Hart, and Soft Cell, with Charli XCX as a special guest. Fans can gain access by purchasing limited-edition Doritos bags. Additionally, a new flavor, Doritos 3D Crunch Three Cheese, will be released. Exclusive merchandise will also be available for purchase to enhance the concert experience.
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 company's increase in its annualized dividend to $4.60 per share, effective June 2022. The dividend is scheduled for payment on June 30, 2022, to shareholders of record by the close of business on June 3, 2022. This marks the 50th consecutive annual dividend increase for PepsiCo, which has consistently paid dividends since 1965.
PepsiCo has expanded its "Team of Champions" initiative with the addition of 16 organizations, enhancing access to soccer for underserved communities, particularly Black and Hispanic youth. The company has committed $1 million over three years to support teams with equipment, coaching, and education. This year introduces the "Access for Champions" program to help students pursue athletic scholarships. The initiative aligns with PepsiCo's broader Racial Equality Journey, which aims for long-term community changes and increased representation in sports.
Tostitos is launching a vibrant campaign named Fiesta Remix for upcoming Cinco de Mayo celebrations. Partnering with actor Danny Trejo and singer Sofia Reyes, the campaign focuses on creative snack ideas and interactive fun.
Fans can participate in a TikTok Loteria challenge to win a custom 5-carat gold Tostitos Scoops necklace. The campaign website offers tailored party recommendations while promoting fun activities that blend music, food, and games. The campaign aims to enhance collective celebrations throughout the summer season.
On April 21, 2022, PepsiCo (NASDAQ: PEP) announced its upcoming virtual annual shareholders' meeting scheduled for May 4, 2022, at 9 a.m. EDT due to ongoing COVID-19 concerns. Shareholders as of March 1, 2022, will be able to vote and ask questions using a specific control number. The meeting will be accessible online, ensuring shareholder engagement despite the virtual format. PepsiCo continues to thrive with a robust product portfolio, generating over $79 billion in net revenue for 2021, promoting its vision of sustainability through the pep+ initiative.
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