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,
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PepsiCo achieves its 2025 global water-use efficiency goal two years ahead of schedule, saving billions of liters of water through innovative initiatives. The company was recognized by CDP for leadership in water security, aiming to be net water positive by 2030.
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PopCorners launches a campaign featuring Don Cheadle in a speakeasy setting, promoting their delicious popped-corn snacks. The commercial 'Get Caught with Something Good™' showcases the brand's unconventional approach to snacking, emphasizing the quality and taste of their products.
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PepsiCo, Inc. (PEP) will release its first-quarter 2024 financial results on April 23, 2024. The company will provide a press release, 10-Q, management remarks, and host a live Q&A session with top executives.
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PepsiCo launches the Greenhouse Accelerator Program: Juntos Crecemos Edition, offering Hispanic-owned CPG food and beverage startups a chance to receive up to $120,000 in grants and mentorship. The program aims to empower emerging businesses, drive innovation, and shape the future of the food and beverage industry.
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Pepsi unveils a new global redesign after fourteen years, introducing a modern logo and color palette across 120 markets. The brand showcases digital installations in iconic locations worldwide, emphasizing a culture-first approach in sports and music. The updated visual identity aims to connect with consumers through immersive experiences and a bold, unapologetic brand image.
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A mysterious 15-foot monolith appears on Nowhere Island, ON, coinciding with the launch of HAVOC, a new snack brand by PepsiCo Foods Canada. HAVOC introduces three bold and unique flavors nationwide, targeting Canadian Gen Z consumers with intense and spicy taste experiences. The brand's marketing strategy includes a TikTok channel to engage with creators and consumers, offering a multisensory content experience.
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Gatorade launches Gatorade Water, its first unflavored water, targeting active individuals seeking all-day hydration. The premium alkaline water is electrolyte infused, made from 100% recycled plastic, and backed by a 360-marketing campaign. The product is available in 1L and 700ml bottles, emphasizing Gatorade's commitment to meeting athletes' hydration needs.
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Lay's launches No Lay's, No Game 2024 campaign in partnership with UEFA Champions League, featuring 'Chip Cam' stunt with soccer stars David Beckham and Thierry Henry. Fans are rewarded for having Lay's during games, unlocking unique experiences.
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Lay's® introduces Sweet & Spicy Honey flavored chips in partnership with reality TV stars Cameron Hamilton and Lauren Speed-Hamilton. The brand invites couples to share their 'Marry Me' meal for a chance to win $1,000, celebrating the Swicy™ trend of combining sweet and spicy flavors.
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PepsiCo collaborates with community-based organizations in Chicago to advance career opportunities for youth on the South and West Sides through its $5 million Pathways to Readiness and Empowerment Program (PREP). The company invests in grassroots organizations, providing career resources, paid internships, credentialing, and full-time employment to over 2,200 youth. PepsiCo awards $250,000 to several local nonprofits, including Ladies of Virtue, Imagine Englewood if, Girls in the Game, and Chicago Cares. The partnership with Ladies of Virtue empowers girls in underserved areas through mentoring and leadership programs, achieving a 100% college acceptance rate for high school seniors in 2023. Southwest Organizing Project (SWOP) also benefits from PepsiCo's seed funding, helping community members gain employment, career training, and internships, resulting in $4 million annually in income reinvested into the community.
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FAQ
What is the current stock price of PepsiCo (PEP)?
The current stock price of PepsiCo (PEP) is $152.81 as of December 25, 2024.
What is the market cap of PepsiCo (PEP)?
The market cap of PepsiCo (PEP) is approximately 209.7B.
What is PepsiCo known for?
PepsiCo is renowned for its extensive portfolio of food, snack, and beverage products, including well-known brands like Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos.
Where is PepsiCo headquartered?
PepsiCo is headquartered in Purchase, New York.
What percentage of PepsiCo's revenue comes from convenience foods?
Approximately 55% of PepsiCo's total revenue is generated from convenience foods.
What recent partnerships has PepsiCo announced?
Recent partnerships include Lay's®, Sabritas®, Gamesa®, and Rockstar® Energy Drink sponsoring the Leagues Cup, and Gatorade partnering with Wrexham AFC.
Who is PepsiCo's latest global brand ambassador?
Jack Grealish is PepsiCo's latest global brand ambassador.
What new flavor did PopCorners introduce in May 2024?
PopCorners introduced a new limited-edition flavor, Jalapeño Popper.
When will PepsiCo release its second-quarter 2024 financial results?
PepsiCo will release its second-quarter 2024 financial results on July 11, 2024.
What is the pep+ (PepsiCo Positive) initiative?
pep+ (PepsiCo Positive) is PepsiCo's strategic transformation focusing on sustainability and human capital to create value and growth within planetary boundaries.
How does PepsiCo engage with the sport of soccer?
PepsiCo engages with soccer through partnerships like the multi-year sponsorship of Leagues Cup by Lay's®, Sabritas®, Gamesa®, and Rockstar® Energy Drink, and featuring Lionel Messi in Lay's soccer-themed commercial.
Where can I find more information about PepsiCo?
For more information, visit PepsiCo's official website at www.pepsico.com and follow them on social media platforms like Twitter, Instagram, Facebook, and LinkedIn.
PepsiCo, Inc.
Nasdaq:PEP
PEP Rankings
PEP Stock Data
209.65B
1.37B
0.15%
77.6%
1.29%
Beverages - Non-Alcoholic
Beverages
United States of America
PURCHASE