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,
Frito-Lay has launched its "New Year, New You" campaign featuring Rick Astley for the second consecutive year, promoting a positive approach to new year's resolutions. The campaign encourages consumers to embrace favorite snacks rather than give them up, aligning with Astley's iconic song "Never Gonna Give You Up." Kicked off on Christmas Day, the campaign includes a digital commercial and a contest for fans to share what they won't give up, with a prize pool of $18,000. The contest runs until February 27, 2022, and includes TikTok participation options.
On December 21, 2021, PepsiCo's Frito-Lay introduced Doritos Flamin' Hot Cool Ranch, combining two iconic flavors into a new spicy snack. This latest product is part of the growing Flamin' Hot line-up and will be available in 9.25oz bags for $4.79 and 2.75oz bags for $2.19. With the launch coinciding with the holiday season, the new flavor aims to attract both loyal fans and new consumers. Doritos Cool Ranch has been a staple for decades, and this innovation is expected to enhance brand engagement and consumer experience.
Ruffles, the Official Chip of the NBA, has announced a multi-year partnership with LeBron James to launch the 'Own Your Ridges™' campaign. The partnership aims to inspire fans to embrace their unique challenges and stories. The initiative kicks off with the 'Ruffles D.N.A.' TV campaign debuting on Christmas Day, featuring James and others sharing personal overcoming stories. Ruffles and the PepsiCo Foundation will also work with the LeBron James Family Foundation to support underserved communities through education and job training. This partnership is positioned to expand Ruffles' brand identity.
Gatorade honors Nick Singleton from Governor Mifflin High School as the 2021-22 Gatorade National Football Player of the Year. His impressive statistics include 2,043 rushing yards and 41 touchdowns this season. Singleton, who maintains a 3.51 GPA, will play for Penn State University. The award recognizes athletic excellence, academic achievement, and character, with Singleton selected from over one million high school football players. Gatorade's program has a legacy of over 35 years, celebrating athletes who excel both on and off the field.
Frito-Lay's Doritos is back as the Official Marketing Partner for Twitch Rivals, enhancing the Doritos Bowl on December 6, 2021. This year's event features four top Twitch creators competing in a variety of games, including a surprise fifth title. The tournament culminates in a $175,000 prize pool and offers fans a unique viewing experience as creators tackle unfamiliar games. Caio Correa, marketing director at Frito-Lay, emphasized the brand's commitment to delivering exciting experiences.
cbdMD, Inc. (NYSE American: YCBD, YCBDpA) has appointed Dave Johnson as Senior Vice President of Business Development. With over 30 years in the consumer goods sector, including 20 years at PepsiCo (NASDAQ: PEP), Johnson will spearhead cbdMD's initiatives in expanding retail distribution across the U.S. He believes the CBD industry will experience significant growth in the next two years, positioning cbdMD to capitalize on this trend through its brands, including cbdMD and Paw CBD, and the new cbdMD Botanicals line.
PepsiCo (NASDAQ: PEP) will release its fourth quarter and full-year 2021 financial results on February 10, 2022. Key details include:
- Press release at 6:00 a.m. EST.
- Management remarks at 6:30 a.m. EST.
- Live Q&A session at 8:15 a.m. EST with CEO Ramon Laguarta and CFO Hugh Johnston.
In 2020, PepsiCo achieved over $70 billion in net revenue, driven by a diverse food and beverage portfolio with 23 brands generating over $1 billion in annual retail sales each.
Frito-Lay launches its 'Share More Joy' campaign featuring Jimmy Fallon, aiming to rekindle holiday magic. A new TV ad, airing during the Macy's Thanksgiving Day Parade, showcases festive moments and promotes the return of the Frito-Lay Holiday Shop. Specially-marked products will donate up to $500,000 to Toys for Tots, with a combined $1 million donation planned. The Holiday Shop offers themed merchandise, with prices ranging from $15 to $75. The campaign runs until December 31, enhancing Frito-Lay's commitment to spreading joy and supporting local communities.
The Board of Directors of PepsiCo (NASDAQ: PEP) has declared a quarterly dividend of $1.075 per share, reflecting a 5% increase compared to last year. This decision is part of the company's strategy to boost its annualized dividend to $4.30 from $4.09, effective from the June 2021 payment. The dividend is scheduled for payment on January 7, 2022, to shareholders on record by December 3, 2021. PepsiCo has a robust history of dividend increases, marking its 49th consecutive annual increase.
PepsiCo has set a goal to help 50 million people access nutritious foods by 2030 through its Food for Good initiative. This includes a commitment of $100 million in agriculture and food security initiatives. The company plans to expand its Food for Good program globally, partnering with local organizations to tackle food insecurity. New investments include a $1 million grant to the World Food Programme and initiatives targeted at childhood malnourishment in countries like Guatemala and Nigeria. PepsiCo aims to leverage partnerships to address global hunger, which affects 800 million people.
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