PepsiCo, Inc. - PEP STOCK NEWS

PepsiCo (NASDAQ: PEP) announced its goal to achieve "Net Water Positive" by 2030, aiming to replenish more water than it uses. The initiative emphasizes water stewardship, particularly in high-water-risk areas. PepsiCo has launched a $1 million program with WaterAid to enhance safe water access in Sub-Saharan Africa, expanding its ongoing efforts that have benefited over 59 million people since 2006. The company plans to adopt strict water-use efficiency standards to reduce usage by more than 50% at high-risk sites, with a broader ambition to provide safe water to 100 million people by 2030.

PepsiCo (NASDAQ: PEP) will release its third quarter 2021 financial results on October 5, 2021. The financial details will be available 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 is scheduled for 8:15 a.m. EDT. PepsiCo generated over $70 billion in net revenue in 2020 and aims to lead in the global convenient foods and beverages sector.

On August 5, 2021, PepsiCo (NASDAQ: PEP) announced the election of Edith W. Cooper to its Board of Directors effective September 1, 2021. With over 30 years of experience in management and human capital, Cooper previously served as Executive Vice President at Goldman Sachs. Her addition aims to enhance the board's diversity and financial expertise, aligning with PepsiCo's commitment to growth and shareholder value. Cooper co-founded a professional community in 2020 and sits on various non-profit boards, further enriching her qualifications.

On August 3, 2021, PepsiCo (NASDAQ: PEP) announced the sale of Tropicana, Naked, and select juice brands in North America and an option for Europe, generating approximately $3.3 billion in pre-tax cash proceeds. The deal retains PepsiCo a 39% interest in a joint venture with PAI Partners, which will lead the majority ownership. The juice businesses generated around $3 billion in net revenue in 2020, with operating profit margins lower than PepsiCo's overall margins. The transaction aims to strengthen PepsiCo's balance sheet and drive focus on healthier offerings.

Lay's has launched its new limited-edition "Flavor Swap®" lineup featuring two unique flavor mashups: Lay's Doritos Cool Ranch and Lay's Wavy Funyuns Onion. These innovative flavors combine popular snacks from PepsiCo's Frito-Lay division and are set to delight customers this summer. The chips will be available for $3.79 (7.5 oz) and $1.99 (2.625 oz) in grocery stores nationwide for a limited time.

This initiative highlights Lay's commitment to flavor innovation and consumer engagement.

Cheetos and Bad Bunny are launching the Deja tu Huella campaign's second phase with an exclusive adidas fashion collection and a student fund. The initiative offers fans early access to limited merchandise from August 6 by demonstrating Cheetle® on their fingers. Additionally, the Deja tu Huella Estudiante Fund will award $500,000 to students in the U.S. and Puerto Rico, with applications open until August 18. PepsiCo, the parent company, has pledged $275 million to Hispanic communities.

PepsiCo (NASDAQ: PEP) released its 2020 Diversity, Equity, and Inclusion (DEI) Report, highlighting its global strategy, 'A Space to be You'. Key achievements include:

• 41% gender parity
• 8% Black and 9% Hispanic representation, aiming for 10% managerial representation by 2025
• Over $35M investment in diverse suppliers in 2021
• $71 million for community support during COVID-19

The Board of Directors of PepsiCo (NASDAQ: PEP) has declared a quarterly dividend of $1.075 per share, marking a 5% increase from the previous year. This decision reflects the company's confidence, following an increase of the annual dividend to $4.30 from $4.09, beginning with the June 2021 payment. The dividend will be payable on September 30, 2021, to shareholders recorded by September 3, 2021. PepsiCo has maintained consecutive cash dividends since 1965 and celebrated its 49th consecutive annual dividend increase.

Gatorade has named Roisin Willis and Hobbs Kessler the 2020-21 Gatorade National Track and Field Players of the Year. Willis achieved multiple records, including an Under-18 world record in the 800m (2:00.78) and a state record in the 1,600m (4:41.46). Kessler broke the national prep record in the 1500m (3:34.6) and set a national record in the mile (3:57.66). Both athletes excelled academically, with Willis maintaining a 4.0 GPA and Kessler a 3.48 GPA. The award celebrates athletic excellence, character, and academic achievement.