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,
Gatorade has announced Colin Sahlman of Newbury Park High School as the 2021-22 Gatorade National Boys Cross Country Player of the Year. He achieved this title due to his remarkable performance, including a record-setting 5K time of 14:03.3, and leading his team to a national championship. Out of nearly 300,000 competitors, Sahlman was selected for his athletic excellence and academic achievement, maintaining a 3.47 GPA. He will run at Northern Arizona University on a scholarship this fall.
Gatorade announced Fuel Tomorrow, a multi-year initiative aimed at increasing sports access for underrepresented youth. The program will focus on community programs, access to facilities and equipment, and training for coaches on equity and inclusion. An initial investment of $10 million will support partnerships with organizations like Athlete Ally and Good Sports. Gatorade aims to address barriers preventing participation, particularly among girls and low-income communities. The campaign will launch during NBA All-Star Weekend 2022.
PepsiCo (NASDAQ: PEP) announced that CEO Ramon Laguarta and CFO Hugh Johnston will present virtually at the Consumer Analyst Group of New York (CAGNY) Conference on February 23, 2022, at approximately 11:30 a.m. ET. A pre-recorded audio webcast and accompanying presentation will be available on the company's investor relations website. In 2021, PepsiCo generated over $79 billion in net revenue, driven by a diverse portfolio of iconic brands. The company's vision, PepsiCo Positive (pep+), focuses on sustainability and driving growth while benefiting the planet.
MTN DEW and RUFFLES are set to showcase their products at NBA All-Star 2022 in Cleveland from February 18-20. They will enhance fan engagement through events like 'The Block,' featuring NBA athletes and musical performances. RUFFLES will be the title sponsor of the Celebrity Game, donating $4,000 for each shot made from its 4-point Ridge Line. MTN DEW continues its sponsorship of the 3-Point Contest, donating $30,000 to RISE and $5,000 per shot from the DEW Zone. The event aims to celebrate basketball culture and support educational initiatives.
The Frito-Lay Snack Index reveals that 94% of adults believe snacks create enjoyable moments, especially during Super Bowl LVI. Popular snacks this year include Cheetos Flamin' Hot and Doritos. With total snack food sales increasing by 12.5% to $487 million during Super Bowl Week 2021, expectations are high for Super Bowl gatherings. The survey highlights preferences across generations, showing spicy snacks favored by Gen Z and Millennials. Frito-Lay is set to return to the Super Bowl with a new campaign after 17 years, aiming to connect with customers through nostalgia.
The Board of Directors of PepsiCo (NASDAQ: PEP) has declared a quarterly dividend of $1.075 per share, marking a 5% increase compared to the previous year. This increase aligns with the annual dividend change from $4.09 to $4.30, effective since June 2021. The dividend payment is scheduled for March 31, 2022, to shareholders recorded by March 4, 2022. PepsiCo has consistently paid dividends since 1965, achieving its 49th consecutive annual dividend increase.
On February 2, 2022, Gatorade announced Natalie Cook of Flower Mound High School as the 2021-22 National Girls Cross Country Player of the Year. This prestigious award recognizes her athletic achievements, including two national titles and a state championship. Cook's accolades include a 3.63 GPA and a scholarship to Oklahoma State University. The selection committee chose her from nearly 300,000 athletes, highlighting her exceptional character and academic standards. Cook's recognition continues Gatorade's tradition of honoring elite high school athletes nationwide.
Lay's® has launched its first Super Bowl campaign in 17 years, featuring comedians Seth Rogen and Paul Rudd, emphasizing the Stay Golden™ theme. This in-game commercial showcases nostalgic moments shared with Lay's potato chips. Alongside the ad, Lay's introduces the #LaysGoldenDuet challenge on TikTok, inviting fans to create duets with the duo's road trip scene. The campaign celebrates fan memories while also announcing the limited-edition Golden Grounds™ chips inspired by NFL stadiums. Frito-Lay will additionally run a Flamin' Hot® commercial during the event.
Rockstar Energy Drink has launched Rockstar Unplugged, a new energy drink designed to enhance mood rather than deliver a high energy hit. This sugar-free drink contains 80 mg of caffeine, hemp seed oil, B vitamins, and comes in three flavors: Blueberry, Passionfruit, and Raspberry Cucumber. The innovative product aims to meet consumer demand for beverages that uplift mood. Rockstar has also partnered with MTV to promote Rockstar Unplugged through a music series, driving brand visibility and engagement. The drink is available for purchase at $1.99 per can.
Ruffles and LeBron James have launched a new chip flavor, Ruffles Flamin' Hot Cheddar & Sour Cream, as part of their ongoing partnership. This flavor merges the popular Cheddar & Sour Cream with Flamin' Hot elements, appealing to fans looking for a new snack experience. James emphasizes the importance of overcoming challenges through the 'Own Your Ridges' campaign, which inspires individuals to embrace their unique experiences. The flavor will launch nationwide in early February, available in 8.5oz bags for $4.79 and 2.5oz bags for $1.99.
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