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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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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PepsiCo, Inc. (PEP) executives to present at CAGNY Conference in Boca Raton, Florida. Live webcast available on www.pepsico.com.
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PepsiCo, Inc. (PEP) has declared a quarterly dividend of $1.265 per share, marking a 10% increase from the previous year. The company has also announced an annualized dividend increase to $5.06 per share from $4.60 per share. This move reflects the company's commitment to rewarding shareholders and its strong financial performance. The dividend is payable on April 1, 2024, to shareholders of record on March 1, 2024. PepsiCo has a long history of paying consecutive quarterly cash dividends since 1965 and has achieved its 51st consecutive annual dividend increase in 2023.
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Frito-Lay's annual Super Bowl Snack Index reveals an uptick in #JOMO (Joy of Missing Out) symptoms, with 81% of Americans preferring to watch the game from home. The survey also highlights the importance of food at Super Bowl parties, with 3 in 5 guests considering top-notch food as the deciding factor in which party to attend. The survey also reveals insights into snack preferences, party preparation, and post-game recovery, providing valuable data for food and snack companies.
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Doritos Dinamita released its first-ever Super Bowl commercial, featuring a feisty duo of unlikely heroes, Dina and Mita, who embark on an action-packed adventure to get their hands on the flavorful heat of Doritos Dinamita. The commercial stars Jenna Ortega and Danny Ramirez and is part of a campaign aimed at introducing intense flavor seekers to the new product. The commercial airs during Super Bowl LVIII on February 11, 2024, and is part of a broader marketing strategy to engage with Latin and Hispanic cultures.
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PepsiCo Beverages North America (PBNA) announced a new 150,000 square foot warehouse in Lisbon, WI, with 260+ employees to meet growing demand across Washington, Ozaukee, Waukesha, and Milwaukee counties. The facility features 95% new equipment, including tractors, trailers, pallet jacks, and forklifts, with enhanced energy efficiency. The company's Geo Box delivery system replaces traditional bay delivery trucks, reducing vehicles, miles driven, and fuel used. PepsiCo also invested over $4.8 million with diverse suppliers in Wisconsin and donated over $750,000 to various community initiatives, including scholarships and support for breast cancer patients.
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Sphere Entertainment Co. (NYSE: SPHR) has announced a new partnership with PepsiCo (NASDAQ: PEP), making the global beverage and foods company an official partner of Sphere, the next-generation entertainment venue in Las Vegas. PepsiCo products will be available at all Sphere events, concession stands, grab and go stations, and in the venue's suites, offering guests a wide range of drinks and snacks from PepsiCo's portfolio. This partnership extends across the MSG Family of Companies, including the New York Knicks and Rangers, Madison Square Garden, and more. PepsiCo's Chief Marketing Officer, Scott Finlow, expressed excitement about the opportunity to connect their brands with visitors from around the world at Sphere's unique Exosphere.
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FAQ
What is the current stock price of PepsiCo (PEP)?
The current stock price of PepsiCo (PEP) is $158.62 as of November 15, 2024.
What is the market cap of PepsiCo (PEP)?
The market cap of PepsiCo (PEP) is approximately 218.4B.
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
218.43B
1.37B
0.15%
77.7%
1.27%
Beverages - Non-Alcoholic
Beverages
United States of America
PURCHASE