PepsiCo, Inc. - PEP STOCK NEWS

Frito-Lay, a division of PepsiCo, announced significant investments in 2021 to enhance manufacturing capabilities, meeting increasing consumer demand. This initiative has led to the hiring of nearly 15,000 frontline employees, with over 5,000 positions currently being filled. Investments are allocated towards new manufacturing lines and warehouse expansions, aimed at providing a diverse range of products. The company boasts competitive pay averaging $22.48 per hour and offers extensive benefits, ensuring employee well-being remains a priority.

PepsiCo has launched cash tender offers for up to $4 billion in aggregate for certain debt securities, set to expire on November 3, 2021. This initiative includes several series of Senior Notes with varying principal amounts. Investors taking part before the Early Tender Deadline on October 20, 2021 will receive a $30 premium per $1,000 of accepted Securities. The Offers prioritize acceptance based on specific Acceptance Priority Levels. Settlement dates are planned for October 25 and November 5, depending on when Securities are tendered.

Frito-Lay, a division of PepsiCo, has introduced industrially compostable bags for its Off The Eaten Path brand, available at Whole Foods and select retailers. The new bags emit 60% less greenhouse gases than traditional packaging and represent PepsiCo's commitment to sustainable practices. A pilot program allows consumers to return used bags for composting, supported by TerraCycle, which encourages responsible waste management. Additionally, for each bag returned, Off The Eaten Path will donate $1 to Ocean Conservancy until May 30, 2022, up to $192,000.

PepsiCo announced a significant strategic transformation called pep+, aimed at enhancing sustainability and driving long-term growth. The initiative encompasses three main pillars: Positive Agriculture focusing on regenerative practices across 7 million acres, Positive Value Chain targeting Net-Zero emissions by 2040 and improved packaging sustainability, and Positive Choices promoting healthier product options and expansion of its SodaStream business. CEO Ramon Laguarta emphasized that pep+ will fundamentally reshape the company's operations, aligning growth with sustainability goals.

Stacy's Pita Chips, partnering with Reese Witherspoon's media company Hello Sunshine, highlights the 10 winners of the 2021 Stacy's Rise Project aimed at empowering female entrepreneurs. Each winner receives a $10,000 grant and mentorship from Frito-Lay and PepsiCo leaders. The program saw a 300% increase in applications compared to previous years, reflecting the demand for support among women founders. Additionally, the launch of FoundedByHer.org provides an online directory to amplify female-founded businesses across the U.S.

1847 Goedeker Inc. (NYSE American: GOED) has received notice from Kanen Wealth Management regarding its intention to nominate a majority slate of five individuals for election to the Board of Directors at the upcoming Annual Meeting on November 10, 2021. Goedeker's CEO, Albert Fouerti, expresses confidence in the current leadership and growth strategy, emphasizing recent acquisitions and management transitions aimed at enhancing stockholder value. The Board will review Kanen’s nominees while maintaining communication with the firm, questioning the qualifications of Kanen’s candidates.

PepsiCo, Inc. (NASDAQ: PEP) announced the launch of Juntos Crecemos, a $50 million initiative to support Hispanic-owned businesses, especially restaurants and bodegas, over the next five years. This effort is part of PepsiCo's broader Racial Equality Journey Hispanic Initiative, which totals $172 million. The initiative aims to address significant challenges faced by Hispanic businesses, particularly those impacted by the COVID-19 pandemic. Additionally, the PepsiCo Foundation will introduce the IMPACTO Hispanic Business Accelerator, providing $10 million to aid 500 small food and beverage businesses in 13 U.S. cities.