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,
PepsiCo (NASDAQ: PEP) announced that Hugh Johnston, the Vice Chairman and CFO, will present virtually at the Consumer Analyst Group of New York (CAGNY) Conference on February 17, 2021, at approximately 1:50 p.m. ET. A pre-recorded audio webcast and slide presentation will be available on www.pepsico.com under the "Investors" section. In 2020, PepsiCo generated over $70 billion in net revenue, with a diverse portfolio that includes brands like Frito-Lay, Gatorade, and Tropicana.
Lay's has launched a new global campaign aimed at bringing joy through football, featuring stars like Lionel Messi, Paul Pogba, and Lieke Martens. The campaign, tied to the Men's and Women's UEFA Champions League, focuses on uniting fans in their homes as they watch matches. Key highlights include the interactive 'Messi Messages,' which allows fans to send personalized videos from Messi. This initiative aims to foster community and connection during match-day experiences, reinforcing Lay's commitment to football.
The Board of Directors of PepsiCo (NASDAQ: PEP) has declared a quarterly dividend of $1.0225 per share, marking a 7% increase from the previous year. This is part of a wider annual dividend increase from $3.82 to $4.09 per share, effective from the June 2020 payment. The dividend is payable on March 31, 2021 to shareholders of record on March 5, 2021. PepsiCo has maintained consecutive quarterly dividends since 1965 and achieved its 48th annual dividend increase in 2020.
Frito-Lay is launching the highly anticipated Doritos 3D Crunch with a Super Bowl LV campaign featuring Matthew McConaughey. The commercial, #FlatMatthew, humorously showcases McConaughey's transformation from a flat version of himself back to his dynamic self after tasting the chips. Two new flavors, Spicy Ranch and Chili Cheese Nacho, are available for $4.29 (6 oz) and $1.89 (2 oz). This marks Doritos' expanded presence during the Super Bowl, along with campaigns for Cheetos and a portfolio commercial. Doritos has a rich history of memorable Super Bowl ads, enhancing its iconic status in advertising.
Cheetos launched its Super Bowl LV campaign, featuring a new commercial titled "It Wasn't Me," starring Ashton Kutcher and Mila Kunis. The ad remixes Shaggy's iconic song while promoting the Cheetos Crunch Pop Mix. A consumer survey showed that 48% of Americans sneak snacks, with 25% doing so regularly. Cheetos is also integrating a Snapchat activation that allows viewers to claim free snacks during the commercial. This marks their broadest Super Bowl presence, alongside campaigns for Doritos and other brands.
PepsiCo has appointed David Flavell as EVP, General Counsel and Corporate Secretary, effective March 1. Flavell succeeds Dave Yawman, who leaves after 22 years. Flavell, currently SVP and Chief Compliance & Ethics Officer, has been with PepsiCo since 2011, previously holding roles such as General Counsel for Frito-Lay North America and the AMEA and Latin America businesses. CEO Ramon Laguarta expressed confidence in Flavell's leadership. PepsiCo reported over $67 billion in net revenue in 2019, with 23 brands generating more than $1 billion annually.
According to Frito-Lay's U.S. Snack Index, over 40% of Americans are snacking more than last year, with an expected 21% increase in snack consumption during Super Bowl LV. As half of consumers look forward to special snacks for the event, Frito-Lay plans to produce over 70 million pounds of snacks in the lead-up. The survey highlights changes in Super Bowl gatherings, with nearly 45% of Americans modifying plans, and most parties limited to 10 attendees or fewer. Notably, 52% prefer classic flavors, while salsa and cheese dips remain popular choices.
PepsiCo and Beyond Meat have formed a joint venture named The PLANeT Partnership, LLC to develop innovative snack and beverage products using plant-based protein. This collaboration combines Beyond Meat's advanced technology with PepsiCo's marketing and distribution strengths. Although financial terms were not disclosed, both companies aim to meet the growing consumer demand for nutritious, sustainable products. PepsiCo’s existing efforts in sustainability and product innovation are expected to enhance this partnership, focusing on positive consumer choices and environmental impact.
On January 14, 2021, Cheetos announced its return to the Super Bowl with a new campaign featuring Ashton Kutcher and the launch of Cheetos Crunch Pop Mix. This snack combines traditional Cheetos Crunchy and Cheetos Popcorn, capitalizing on the success of last year's Super Bowl introduction of Cheetos Popcorn. Cheetos Crunch Pop Mix is priced at $3.99 for a 7 oz bag and $1.89 for a 2.25 oz bag. A consumer survey revealed that 48% of Americans admit to sneaking snacks, supporting Cheetos' playful marketing approach.
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