Pepsico Inc Stock Price, News & Analysis

SodaStream announces the launch of bubly drops, its first North American partnership since joining PepsiCo. Available starting January 2021, an early release will be offered on November 1 as part of a limited edition SodaStream kit. The drops are calorie-free and come in six flavors including grapefruitbubly™ and limebubly™. This collaboration aims to enhance consumer choice in the rapidly growing flavored sparkling water market. Both brands emphasize healthy and sustainable options for consumers.

On September 22, 2020, Stacy's Rise Project announced an expansion of its grant and mentorship program, aimed at aiding Black female entrepreneurs. In partnership with Hello Alice, the initiative will provide $150,000 in grants to 15 selected founders, alongside mentorship and advertising support. The project addresses challenges facing Black female entrepreneurs, with 70% struggling to find mentorship and 83% needing marketing resources. Since its inception in 2019, the program has fostered a community of over 2,000 women and aims to uplift women of color in business.

PepsiCo (NASDAQ:PEP) has announced its commitment to source 100% renewable electricity globally by 2030 for its operations and by 2040 for its franchise and third-party operations. This initiative aims to cut approximately 2.5 million metric tons of greenhouse gas emissions by 2040. Currently, PepsiCo sources renewable electricity in 18 countries, with plans to reach 56% by the end of 2020. The company is part of the RE100 initiative, emphasizing its sustainability efforts while aligning with the Business Ambition for 1.5°C pledge to achieve net-zero emissions by 2050.

Red Lobster and PepsiCo (NASDAQ: PEP) are collaborating to introduce new menu items, starting with the DEW® Garita, the first official MTN DEW® cocktail, available nationwide by the end of 2020. This partnership aims to leverage both brands' strengths to enhance culinary offerings, including a range of popular beverages from PepsiCo. The collaboration also emphasizes sustainability efforts, focusing on eco-friendly packaging and practices.

Lay's is launching limited-edition potato chip bags featuring the smiles of 30 'Everyday Smilers' to bring joy amid challenging times. Proceeds from the initiative will support Operation Smile with up to $1 million. This year, the Smiles packaging utilizes CGI technology to showcase individual stories of community heroes while introducing fan-favorite flavors like Fried Pickles with Ranch. Last year, 71,000 consumers engaged with the Smiles program via QR codes. Lay's aims to inspire positivity and community support through this campaign, accessible nationwide.

PepsiCo has appointed Athina Kanioura as the new Executive Vice President and Chief Strategy and Transformation Officer. Reporting to CEO Ramon Laguarta, Kanioura will spearhead the company's overall strategy, focusing on digitalization and operational efficiency. With a robust background at Accenture, she aims to leverage her expertise in data and technology for business transformation. PepsiCo generated over $67 billion in net revenue in 2019, underlining its expansive market presence with a portfolio that includes well-known brands like Gatorade and Tropicana.

PepsiCo announced a $20 million partnership with USAID under the Women’s Global Development and Prosperity Initiative to empower women in agriculture. Each will invest $5 million initially to support women-owned enterprises in Asia, the Middle East, and Latin America. The initiative aims to improve women's access to resources and enhance food production, potentially feeding 150 million people. The partnership builds on prior successful efforts in West Bengal, targeting over 300,000 women. PepsiCo expects increased productivity and sustainability across its supply chain as a result.

Frito-Lay North America's 2020 NFL Kickoff campaign features a TV commercial titled "'Twas the Night Before Kickoff," starring NFL legends Tom Brady and Rob Gronkowski. Slated to air during the NFL Kickoff game on September 10, the campaign aims to evoke the excitement of the football season. It includes digital content across various platforms and introduces the innovative Tostitos FanTrack bags, designed to enhance the homegate experience. The campaign marks Frito-Lay's strong return to NFL festivities amid consumer demand for normalcy.

Frito-Lay has launched the 'Building the Future Together' initiative in partnership with Feed the Children to support over 100,000 students in underserved communities during the COVID-19 pandemic. The program aims to provide shelf-stable food, snacks, school supplies, and personal care items, supplementing more than a quarter-million meals. This initiative comes as food insecurity rises, with one in five families struggling to provide essentials. Frito-Lay has committed over $60 million to COVID-19 relief, distributing 57 million meals since the pandemic began.