Pepsico Inc Stock Price, News & Analysis

PepsiCo, Inc. (NASDAQ: PEP) announced its plans to release its first quarter 2021 financial results on April 15, 2021. The company will make the materials available on its investors' website at approximately 6:00 a.m. EDT. Prepared management remarks will follow at 6:30 a.m. EDT, with a live Q&A session for analysts featuring CEO Ramon Laguarta and CFO Hugh Johnston scheduled for 8:15 a.m. EDT. PepsiCo generated over $70 billion in net revenue in 2020, with a diverse product portfolio that includes well-known brands like Frito-Lay and Gatorade.

On February 25, 2021, Ruffles, the Official Chip of the NBA from PepsiCo's Frito-Lay division, launched its new campaign, Own Your Ridges™, featuring NBA All-Star Anthony Davis. The campaign encourages fans to embrace their uniqueness and will include two commercials airing during the NBA All-Star Game and The GRAMMY Awards. Ruffles also introduced a signature flavor, Ruffles Flamin' Hot BBQ, in partnership with NBA All-Star Jayson Tatum, priced at $4.29 for 8 oz. and $1.99 for 2.5 oz. The initiative aims to inspire individuality and community engagement through social media.

PepsiCo announces the launch of Neon Zebra, a new line of non-alcoholic cocktail mixers aimed at simplifying home cocktail preparation. Each 7.5oz mini-can can create two cocktails when mixed with a spirit. Offered in four flavors—Margarita, Strawberry Daiquiri, Mojito, and Whiskey Sour—Neon Zebra uses real juice and contains no artificial sweeteners. The product will be available nationwide starting March, priced between $6.99 and $7.99 for a six-pack. This launch targets the growing cocktail mixers market, which saw a 28% increase in 2020.

PepsiCo (NASDAQ: PEP) announced that Hugh Johnston, the Vice Chairman and CFO, will present virtually at the Consumer Analyst Group of New York (CAGNY) Conference on February 17, 2021, at approximately 1:50 p.m. ET. A pre-recorded audio webcast and slide presentation will be available on www.pepsico.com under the "Investors" section. In 2020, PepsiCo generated over $70 billion in net revenue, with a diverse portfolio that includes brands like Frito-Lay, Gatorade, and Tropicana.

Lay's has launched a new global campaign aimed at bringing joy through football, featuring stars like Lionel Messi, Paul Pogba, and Lieke Martens. The campaign, tied to the Men's and Women's UEFA Champions League, focuses on uniting fans in their homes as they watch matches. Key highlights include the interactive 'Messi Messages,' which allows fans to send personalized videos from Messi. This initiative aims to foster community and connection during match-day experiences, reinforcing Lay's commitment to football.

The Board of Directors of PepsiCo (NASDAQ: PEP) has declared a quarterly dividend of $1.0225 per share, marking a 7% increase from the previous year. This is part of a wider annual dividend increase from $3.82 to $4.09 per share, effective from the June 2020 payment. The dividend is payable on March 31, 2021 to shareholders of record on March 5, 2021. PepsiCo has maintained consecutive quarterly dividends since 1965 and achieved its 48th annual dividend increase in 2020.

Frito-Lay is launching the highly anticipated Doritos 3D Crunch with a Super Bowl LV campaign featuring Matthew McConaughey. The commercial, #FlatMatthew, humorously showcases McConaughey's transformation from a flat version of himself back to his dynamic self after tasting the chips. Two new flavors, Spicy Ranch and Chili Cheese Nacho, are available for $4.29 (6 oz) and $1.89 (2 oz). This marks Doritos' expanded presence during the Super Bowl, along with campaigns for Cheetos and a portfolio commercial. Doritos has a rich history of memorable Super Bowl ads, enhancing its iconic status in advertising.

Cheetos launched its Super Bowl LV campaign, featuring a new commercial titled "It Wasn't Me," starring Ashton Kutcher and Mila Kunis. The ad remixes Shaggy's iconic song while promoting the Cheetos Crunch Pop Mix. A consumer survey showed that 48% of Americans sneak snacks, with 25% doing so regularly. Cheetos is also integrating a Snapchat activation that allows viewers to claim free snacks during the commercial. This marks their broadest Super Bowl presence, alongside campaigns for Doritos and other brands.

PepsiCo has appointed David Flavell as EVP, General Counsel and Corporate Secretary, effective March 1. Flavell succeeds Dave Yawman, who leaves after 22 years. Flavell, currently SVP and Chief Compliance & Ethics Officer, has been with PepsiCo since 2011, previously holding roles such as General Counsel for Frito-Lay North America and the AMEA and Latin America businesses. CEO Ramon Laguarta expressed confidence in Flavell's leadership. PepsiCo reported over $67 billion in net revenue in 2019, with 23 brands generating more than $1 billion annually.