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,
Rhea-AI Summary
PepsiCo, Inc. (PEP) executives to present at CAGNY Conference in Boca Raton, Florida. Live webcast available on www.pepsico.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.75%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.39%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
Tags
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.03%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
Rhea-AI Summary
The press release announces a new collaboration between Jack Link's, Fritos, and Flamin' Hot to introduce Fritos Chili Cheese and Flamin' Hot flavored meat snacks. The new offerings are seasoned with iconic Frito-Lay inspired flavors and provide at least 5g of protein per serving. The products will be available for purchase online and at retailers nationwide, expanding the co-branded portfolio with Cheese Stick & Meat Combos.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
-
Rhea-AI Summary
Gatorade launches Gatorade iD, a free and personalized membership platform, and partners with DJ Khaled for the release of the 'Gatorade x DJ Khaled' capsule collaboration. The collaboration includes a DJ Khaled-personalized Gx Bottle and towel, along with a Jordan Brand hoodie sweatshirt. Gatorade iD offers exclusive benefits, limited edition drops, discounts, and free shipping on any purchase. Throughout 2024, Gatorade iD members will have more expansive personalization options and access to limited edition drops, discounts, rewards, and ways to earn points with every purchase on Gatorade.com and in-store.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
-
Rhea-AI Summary
Cheetos introduces Cheetos Crunchy Buffalo, a new addition to its snack lineup, and teams up with Texans quarterback CJ Stroud to host a Super Bowl party for one lucky fan in Las Vegas. The brand aims to celebrate being the second-best Buffalo thing and offers fans nationwide the chance to win rewards and a $22,222.22 cash prize.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
Tags
Rhea-AI Summary
Frito-Lay launches a sweepstakes to give one lucky fan the opportunity to play a direct role in the Super Bowl victory celebration. Fans can win a special Taste of Super Bowl Confetti Kit and be entered for a chance to win a trip to Super Bowl LVIII in Las Vegas to meet Marshawn Lynch and press the official Super Bowl LVIII confetti button by purchasing specially marked Frito-Lay Taste of Super Bowl bags. The campaign features a new television commercial starring football legends Rob Gronkowski, Marshawn Lynch, and Troy Polamalu. Frito-Lay will also bring an immersive fan experience to Las Vegas with the Frito-Lay Chip Strip.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.53%
Tags
FAQ
What is the current stock price of PepsiCo (PEP)?
The current stock price of PepsiCo (PEP) is $152.44 as of December 26, 2024.
What is the market cap of PepsiCo (PEP)?
The market cap of PepsiCo (PEP) is approximately 209.4B.
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
209.43B
1.37B
0.15%
77.6%
1.29%
Beverages - Non-Alcoholic
Beverages
United States of America
PURCHASE