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,
Quaker has launched the Quaker Pickleball Academy, a series of free pickleball pop-up events across the U.S., in partnership with the Association of Pickleball Players. Players of all levels can join skills and drills sessions, enjoy nutritious recipes, and participate in tournaments. The Academy will make four stops around the country and will host a marquee event in Fall. Quaker aims to support the pickleball community and promote healthy lifestyles. Players can reserve a spot for events on the Quaker Oats website.
PepsiCo, Inc. declared a quarterly dividend of $1.355 per share, a 7 percent increase from the previous year. The annualized dividend will increase to $5.42 per share starting June 2024. The dividend will be payable on June 28, 2024, to shareholders of record as of June 7, 2024. PepsiCo has a history of paying quarterly dividends since 1965, with 2024 being the 52nd consecutive year of dividend increases.
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