PepsiCo, Inc. - PEP STOCK NEWS

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.

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.