PepsiCo, Inc. - PEP STOCK NEWS

Gatorade has named Jaxson Dart of Corner Canyon High School as the 2020-21 Gatorade National Football Player of the Year. Dart was recognized for his impressive on-field performance, passing for 4,691 yards and 67 touchdowns, while also rushing for 1,195 yards and leading his team to a 14-0 record and a state championship. The selection committee chose Dart from over one million players, noting his academic achievements and character. Dart has committed to play football at USC, joining a legacy of notable Gatorade winners.

On May 24, 2021, Ruffles®, the official chip of the NBA, launched its second signature shoe, The Ruffles® Armored Ridge Tops, coinciding with the NBA playoffs. Featuring rapper T-Pain courtside, the exclusive, custom sneakers are not available for purchase but can be won through a giveaway. Participants can visit RufflesSneakers.com for details. Ruffles is part of PepsiCo's Frito-Lay division, which generates $17 billion in revenue, showcasing PepsiCo's strong presence in the snack industry.

Frito-Lay's latest U.S. Snack Index reveals a significant shift in consumer behavior ahead of Memorial Day, with 80% of adults planning outdoor activities compared to 2020's stay-at-home trend. Salty snacks contribute significantly to retail growth, essential for summer gatherings. Key findings include a 14-point rise in in-person snack purchases and a 73% year-over-year increase in online snack sales. Consumers increasingly prefer new, bold flavors, especially among younger demographics. Frito-Lay anticipates eCommerce to double by 2025 as pandemic habits continue.

PepsiCo, Inc. (NASDAQ: PEP) announced that it will release its second quarter 2021 financial results on July 13, 2021. The earnings will be available on its investor relations website at www.pepsico.com/investors. Key highlights include a press release and 10-Q filing at 6:00 a.m. EDT, management remarks at 6:30 a.m. EDT, and a live Q&A session starting at 8:15 a.m. EDT with CEO Ramon Laguarta and CFO Hugh Johnston. PepsiCo generated over $70 billion in net revenue in 2020, showcasing a robust portfolio of brands.

Gatorade has awarded Ally Batenhorst from Seven Lakes High School, Katy, Texas, the 2020-21 Gatorade National Volleyball Player of the Year. Batenhorst, a standout athlete with a 4.11 GPA, led her team to a 25-1 record and state championship, recording 574 kills and 371 digs. The award recognizes excellence in athletics, academics, and character, with a selection panel evaluating nearly half a million volleyball players. Batenhorst will play at the University of Nebraska, joining a prestigious list of past winners.

PepsiCo has appointed C.D. Glin as Vice President, Global Head of Philanthropy for The PepsiCo Foundation, effective May 17, 2021. Glin previously served as President and CEO of the U.S. African Development Foundation, where he oversaw the distribution of over $150 million to grassroots organizations. His role at PepsiCo will focus on enhancing sustainability in food systems and leading initiatives in Nutrition, Water, and Economic Resilience. PepsiCo's Foundation has previously invested $71 million in pandemic relief, providing support to over 1,000 communities globally.

PepsiCo has launched soulboost, a new sparkling water beverage featuring real juice and functional ingredients, aimed at wellness-conscious consumers. Available in two varieties, Lift and Ease, it provides 10 to 20 calories per 12 oz can. Lift focuses on mental stamina with panax ginseng, while Ease promotes relaxation with L-theanine. This innovation responds to increased consumer demand for wellness products, driven by the pandemic. The enhanced water market is projected to reach $11.3 billion by 2027, reinforcing PepsiCo's positioning in the functional beverage segment.

The Board of Directors of PepsiCo (NASDAQ: PEP) declared a quarterly dividend of $1.075 per share, representing a 5% increase from the previous year. This dividend aligns with an annualized increase to $4.30 per share from $4.09, effective from the June 2021 payment. Shareholders of record by June 4, 2021 will receive the payment on June 30, 2021. PepsiCo marks its 49th consecutive annual dividend increase since 1965, underlining its commitment to return value to shareholders.

PepsiCo, Inc. (NASDAQ: PEP) will hold its virtual annual shareholders' meeting on May 5, 2021, at 9 a.m. EDT, due to COVID-19 concerns. Shareholders as of March 1, 2021, are eligible to participate and vote using their control numbers. Guests may attend but cannot vote or ask questions. PepsiCo reported over $70 billion in net revenue for 2020, with a diverse product portfolio including Frito-Lay and Gatorade. The company aims to lead in convenient foods and beverages while focusing on sustainable practices.