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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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.
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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.
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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.
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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.
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Ruffles® launches 'Ridgeline Unlocks' program, offering fans a chance to take the court at NBA All-Star 2024. Two winners will be selected by Ruffles Athletes Jayson Tatum and A'ja Wilson to shoot pregame shots from the Ruffles Ridgeline, with a trip to Indianapolis and VIP experience included. Fans can enter by sharing a video of their long-range shot on Instagram using specific hashtags.
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PepsiCo, Inc. announced the retirement of Kirk Tanner, CEO of the company's North America beverage business, and the appointment of Ram Krishnan as the new CEO for PepsiCo Beverages North America. Tanner is retiring after 32 years of service to the company, and Krishnan, who currently serves as Chief Executive Officer of International Beverages and Chief Commercial Officer for PepsiCo, will succeed him. Krishnan has held several senior leadership roles at PepsiCo and Cadillac, making him a suitable choice for the position. The company's Chairman and CEO, Ramon Laguarta, expressed confidence in Krishnan's ability to drive strong performance and accelerate the beverage growth agenda. Tanner will join The Wendy's Company as Chief Executive Officer following his departure from PepsiCo.
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Tostitos, the Official Chip & Dip of the NFL, is opening its limited-time culinary experience, Tost by Tostitos, in Las Vegas with an immersive dining experience. Fans have the chance to win a front-row seat at the table and see Minnesota Vikings' quarterback, Kirk Cousins, in action at the pop-up. The experience includes travel and accommodations to Las Vegas, Super Bowl LVIII tickets, and a VIP reservation at Tost by Tostitos with tableside service by Cousins. The limited-time experience offers three different menus, and limited reservations are available at www.tostbytostitos.com.
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PepsiCo Foods North America (PEP) announces the launch of Doritos Dinamita with new spice-packed flavors and an unexpected new shape, along with a fiery in-game commercial for Super Bowl LVIII. Senior VP of Marketing Tina Mahal emphasizes the relaunch as a game-changer in the snack industry.
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Taste of the NFL, presented by Frito-Lay, Quaker, and the PepsiCo Foundation, is a philanthropic culinary event taking place during Super Bowl LVIII Weekend. It will feature an all-star lineup of chefs, NFL players, and entertainment, with net proceeds benefiting GENYOUth's commitment to tackle youth hunger and food insecurity. The event will raise vital funds for GENYOUth's Super School Meals initiative by supporting school nutrition programs and delivering critical school meal equipment packages to high-need schools throughout Nevada. The event is supported by NFL sponsors and partners such as Verizon, PNC Bank, American Family Insurance, and The Venetian® Resort Las Vegas.
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Frito-Lay (FLY) launches 'Taste of Super Bowl' campaign featuring NFL legends Rob Gronkowski, Marshawn Lynch, and Troy Polamalu. The campaign includes a TV commercial and an immersive fan experience in Las Vegas. The commercial will debut during Super Wild Card Weekend and run through Super Bowl LVIII. The campaign aims to extend the victory celebration to viewers by bringing the confetti experience to them. Specially marked 'Taste of Super Bowl' Frito-Lay products are now available at retailers nationwide.
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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