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 is launching the Flamin' Hot Faceoff campaign, allowing fans to vote for their favorite snack between Cheetos and Doritos. This initiative will feature Doritos' new Xxtra Flamin' Hot Nacho and Cheetos' Flamin' Hot Spicy Pepper Puffs. Fans can participate starting April 29 through social media, using hashtags like #TeamCheetos and #TeamDoritos. The campaign includes weekly merchandise giveaways and a grand prize watch awarded at the end. This playful competition aims to engage the Flamin' Hot community further.
Gatorade has launched a Women's Advisory Board to promote participation of girls in sports by tackling societal barriers and enhancing brand initiatives for female athletes. The board includes professionals and sports leaders, with members like Elena Delle Donne and Abby Wambach. Research indicates that high school girls have 1.1 million fewer sports opportunities compared to boys, leading to higher dropout rates. The board aims to address these issues through quarterly meetings. Gatorade is a division of PepsiCo (NASDAQ: PEP), which generated over $70 billion in revenue in 2020.
Tostitos has partnered with Danny Trejo for its Cinco de Mayo campaign, unveiling a new product: Tostitos Sweet Lime and Sea Salt. This limited-edition chip offers a margarita-inspired flavor, perfect for celebrations. The campaign includes Tostitos5WaystoCinco.com, providing recipes, drink pairings, a Spotify playlist, games, and DIY decor. Fans can also enter a sweepstakes to win prizes, including Trejo's cookbook and a virtual fiesta. The new chip retails at $4.29 nationwide.
PepsiCo has launched the "Team of Champions" initiative, committing $1 million over three years to enhance soccer access for underserved Hispanic and Black communities in the U.S. This program, part of its UEFA Champions League partnership, aims to remove barriers to the sport, especially during the pandemic. International star Javier 'Chicharito' Hernandez supports the initiative, which includes donations to 11 local organizations across major cities. This aligns with PepsiCo's broader commitment of $570 million aimed at addressing inequality and fostering opportunities in these communities.
Smartfood® has launched a new flavor, Smartfood® Original Glazed Doughnut®, in partnership with Krispy Kreme, just in time for summer. This limited-time offering responds to fan requests for doughnut-flavored popcorn and is available at Sam's Club now, with wider distribution starting May 24. Priced at $3.99 for a 7.75oz bag, $1.99 for a 2.0oz bag, and $6.89 for an 18oz bag, the product aims to create joyful snacking moments. This follows the successful release of Cap'n Crunch's® Crunch Berries Popcorn Mix® in 2020, leveraging consumer insights for this innovative mashup.
Gatorade has honored Parker Wolfe from Greenwood Village High School as the 2020-21 Gatorade National Boys Cross Country Player of the Year. This prestigious award recognizes athletic excellence, academic achievement, and exemplary character. Wolfe's achievements include winning the Class 5A individual state championship with a record time of 15:10.4 and breaking the tape at the RunningLane National Championships in 14:26.94. He holds a 3.86 GPA and plans to compete at the University of North Carolina. Previous winners include numerous sports icons.
PepsiCo (NASDAQ:PEP) unveiled its Positive Agriculture ambition, aiming to implement regenerative farming across 7 million acres, mirroring its entire agricultural footprint. This initiative is projected to reduce greenhouse gas emissions by over 3 million tons by 2030. Key objectives include enhancing the livelihoods of 250,000 individuals in the supply chain and achieving 100% sustainable sourcing of key ingredients. The company plans to collaborate with over 500,000 acres of U.S. farmland by year-end 2021 and continues to promote the Sustainable Farming Program globally.
EVOLVE has reformulated its ready-to-drink protein shakes, enhancing flavor and sustainability while partnering with the National Park Foundation. The brand's new look emphasizes its commitment to the outdoors, aiming to inspire healthier lifestyles. To celebrate National Park Week, EVOLVE launched a sweepstakes offering a $10,000 national park adventure and donates $1 per entry to the Foundation, up to $5,000. Each shake contains 20g of protein and 10g of fiber, is Vegan and Non-GMO, and will be available in new retail locations.
The Gatorade Company has named Sydney Thorvaldson from Rawlins High School as the 2020-21 Gatorade National Girls Cross Country Player of the Year. Recognized for her athletic excellence and academic accomplishments, Thorvaldson's record includes a state victory with a time of 16:59.6, and she set a prep 5K record in Colorado at 16:19.0. Actively involved in community service, she maintains a 4.0 GPA and has signed to run at the University of Arkansas. This prestigious award highlights her exceptional talent among nearly 300,000 competitors nationwide.
PepsiCo's Frito-Lay North America launched the Women's Workforce Readiness Initiative, aiming to assist 550 women in Southern Dallas with essential job skills and training over three years, supported by a $750,000 grant from The PepsiCo Foundation. The program targets high-growth industries like Advanced Manufacturing and Logistics and aims to exceed its goal of aiding 200 mothers. Additionally, a $40 million scholarship and mentoring program for Black and Hispanic community college students was announced, furthering PepsiCo's commitment to community support and workforce development.
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