Pepsico Inc Stock Price, News & Analysis

PepsiCo (NASDAQ:PEP) is enhancing support for local businesses in Phoenix ahead of Super Bowl LVII. Through its Juntos Crecemos initiative, the company is donating $50,000 and essential digital resources to five Hispanic-owned businesses to help them prepare for increased customer traffic. Each business receives $10,000 and access to digital marketing support valued at over $12,000, all aimed at boosting their operational capabilities. With an anticipated influx of visitors, these funds will aid in stocking supplies, hiring staff, and extending business hours, thereby aligning with PepsiCo's commitment to invest in the growth of Hispanic entrepreneurs.

Frito-Lay's recent Snack Index reveals consumers prioritize snacks during the Super Bowl, with 49% stating running out of snacks is worse than their team losing. The survey indicates that 62% prefer replenishing snacks during commercials. Party planning insights include starting gatherings early, with millennials leading interest. Flavor experimentation is high, with 71% eager to try new snacks. Additionally, 95% plan to include snacks in their Super Bowl dishes. The survey involved 2,000 U.S. adults from January 12-17, 2023, reflecting strong consumer engagement with snacks during significant events like the Super Bowl.

The Board of Directors of PepsiCo (NASDAQ: PEP) has declared a quarterly dividend of $1.15 per share, reflecting a 7% increase from the previous year. This dividend aligns with the annualized increase to $4.60 per share that started in June 2022. The payment date is set for March 31, 2023, for shareholders recorded by March 3, 2023. PepsiCo has a long-standing history of dividend payments, marking its 50th consecutive annual increase in 2022, reinforcing the company’s commitment to returning value to shareholders.

Stacy's Pita Chips has announced its 2023 winners of the Stacy's Rise Project, a program aimed at supporting women entrepreneurs through grants and mentorship. This year, 14 female founders from the U.S. and Canada each receive $15,000 in funding, marking a total of over $1 million allocated since 2017. In conjunction with this announcement, the short film Rise, celebrating the resilience of women entrepreneurs, premieres at the Sundance Film Festival. The film includes contributions from notable figures like Reese Witherspoon and Rupi Kaur. Thirteen past Stacy's Rise Project winners' businesses will also be showcased at the festival.

The Mission 57: End Student Hunger initiative, supported by Frito-Lay, Quaker, and the PepsiCo Foundation, aims to combat food insecurity in Arizona schools. On January 19, 2023, the program donated nine Grab and Go meal equipment packages to schools in Tucson and Casa Grande, benefiting students who qualify for free or reduced lunch. This initiative is designed to provide over 31,000 students access to 8.5 million meals by distributing a total of 57 meal equipment packages ahead of Super Bowl LVII. Leaders emphasize the importance of nutritious meals for student success amid rising food insecurity in the state.

The Fast Twitch energy drink by Gatorade is offering a unique promotion allowing three fans to run through the Super Bowl stadium tunnel. This experience includes a trip to Super Bowl LVII in Glendale, Arizona, alongside access to Fast Twitch's immersive tunnel installation. Participants can enter by using the custom Fast Twitch filter and posting their tunnel entrance on TikTok or Instagram with the hashtag #FastTwitchContest by January 31, 2023. Fast Twitch contains 200mg of caffeine, electrolytes, and vitamins, aimed at athletes and consumers, and will be available nationwide in February 2023.