Pepsico Inc Stock Price, News & Analysis

PepsiCo announced a significant strategic transformation called pep+, aimed at enhancing sustainability and driving long-term growth. The initiative encompasses three main pillars: Positive Agriculture focusing on regenerative practices across 7 million acres, Positive Value Chain targeting Net-Zero emissions by 2040 and improved packaging sustainability, and Positive Choices promoting healthier product options and expansion of its SodaStream business. CEO Ramon Laguarta emphasized that pep+ will fundamentally reshape the company's operations, aligning growth with sustainability goals.

Stacy's Pita Chips, partnering with Reese Witherspoon's media company Hello Sunshine, highlights the 10 winners of the 2021 Stacy's Rise Project aimed at empowering female entrepreneurs. Each winner receives a $10,000 grant and mentorship from Frito-Lay and PepsiCo leaders. The program saw a 300% increase in applications compared to previous years, reflecting the demand for support among women founders. Additionally, the launch of FoundedByHer.org provides an online directory to amplify female-founded businesses across the U.S.

1847 Goedeker Inc. (NYSE American: GOED) has received notice from Kanen Wealth Management regarding its intention to nominate a majority slate of five individuals for election to the Board of Directors at the upcoming Annual Meeting on November 10, 2021. Goedeker's CEO, Albert Fouerti, expresses confidence in the current leadership and growth strategy, emphasizing recent acquisitions and management transitions aimed at enhancing stockholder value. The Board will review Kanen’s nominees while maintaining communication with the firm, questioning the qualifications of Kanen’s candidates.

PepsiCo, Inc. (NASDAQ: PEP) announced the launch of Juntos Crecemos, a $50 million initiative to support Hispanic-owned businesses, especially restaurants and bodegas, over the next five years. This effort is part of PepsiCo's broader Racial Equality Journey Hispanic Initiative, which totals $172 million. The initiative aims to address significant challenges faced by Hispanic businesses, particularly those impacted by the COVID-19 pandemic. Additionally, the PepsiCo Foundation will introduce the IMPACTO Hispanic Business Accelerator, providing $10 million to aid 500 small food and beverage businesses in 13 U.S. cities.

PepsiCo (NASDAQ: PEP) announced its goal to achieve "Net Water Positive" by 2030, aiming to replenish more water than it uses. The initiative emphasizes water stewardship, particularly in high-water-risk areas. PepsiCo has launched a $1 million program with WaterAid to enhance safe water access in Sub-Saharan Africa, expanding its ongoing efforts that have benefited over 59 million people since 2006. The company plans to adopt strict water-use efficiency standards to reduce usage by more than 50% at high-risk sites, with a broader ambition to provide safe water to 100 million people by 2030.

PepsiCo (NASDAQ: PEP) will release its third quarter 2021 financial results on October 5, 2021. The financial details will be available at approximately 6:00 a.m. EDT, followed by prepared management remarks at 6:30 a.m. EDT. A live Q&A session with CEO Ramon Laguarta and CFO Hugh Johnston is scheduled for 8:15 a.m. EDT. PepsiCo generated over $70 billion in net revenue in 2020 and aims to lead in the global convenient foods and beverages sector.

On August 5, 2021, PepsiCo (NASDAQ: PEP) announced the election of Edith W. Cooper to its Board of Directors effective September 1, 2021. With over 30 years of experience in management and human capital, Cooper previously served as Executive Vice President at Goldman Sachs. Her addition aims to enhance the board's diversity and financial expertise, aligning with PepsiCo's commitment to growth and shareholder value. Cooper co-founded a professional community in 2020 and sits on various non-profit boards, further enriching her qualifications.