Pepsico (PEP) Stock News

PepsiCo (NASDAQ:PEP) unveiled its Positive Agriculture ambition, aiming to implement regenerative farming across 7 million acres, mirroring its entire agricultural footprint. This initiative is projected to reduce greenhouse gas emissions by over 3 million tons by 2030. Key objectives include enhancing the livelihoods of 250,000 individuals in the supply chain and achieving 100% sustainable sourcing of key ingredients. The company plans to collaborate with over 500,000 acres of U.S. farmland by year-end 2021 and continues to promote the Sustainable Farming Program globally.

EVOLVE has reformulated its ready-to-drink protein shakes, enhancing flavor and sustainability while partnering with the National Park Foundation. The brand's new look emphasizes its commitment to the outdoors, aiming to inspire healthier lifestyles. To celebrate National Park Week, EVOLVE launched a sweepstakes offering a $10,000 national park adventure and donates $1 per entry to the Foundation, up to $5,000. Each shake contains 20g of protein and 10g of fiber, is Vegan and Non-GMO, and will be available in new retail locations.

The Gatorade Company has named Sydney Thorvaldson from Rawlins High School as the 2020-21 Gatorade National Girls Cross Country Player of the Year. Recognized for her athletic excellence and academic accomplishments, Thorvaldson's record includes a state victory with a time of 16:59.6, and she set a prep 5K record in Colorado at 16:19.0. Actively involved in community service, she maintains a 4.0 GPA and has signed to run at the University of Arkansas. This prestigious award highlights her exceptional talent among nearly 300,000 competitors nationwide.

PepsiCo's Frito-Lay North America launched the Women's Workforce Readiness Initiative, aiming to assist 550 women in Southern Dallas with essential job skills and training over three years, supported by a $750,000 grant from The PepsiCo Foundation. The program targets high-growth industries like Advanced Manufacturing and Logistics and aims to exceed its goal of aiding 200 mothers. Additionally, a $40 million scholarship and mentoring program for Black and Hispanic community college students was announced, furthering PepsiCo's commitment to community support and workforce development.

On March 30, 2021, PepsiCo announced a new $40 million scholarship and mentoring program aimed at supporting 4,000 Black and Hispanic community college students over five years. Initially launching in Dallas, Westchester, Houston, and Chicago, the program will later expand to 16 more cities. This initiative includes Uplift Scholarships for students pursuing associate degrees and S.M.I.L.E scholarships for graduates moving to four-year institutions. It is part of PepsiCo's broader commitment to combat economic disparities impacting these communities.

Frito-Lay, a division of PepsiCo (NASDAQ: PEP), has made significant strides in transforming its Modesto, California manufacturing facility. Announced in March 2021, the initiative aims to enhance sustainability and reduce the environmental impact of operations. This project has successfully reduced fleet greenhouse gas (GHG) emissions by 53%, equating to 2,790 metric tons, and decreased diesel usage by 78%. By switching to 100% renewable electricity, the site anticipates an annual GHG reduction of 5,480 metric tons. The $30.8 million initiative is backed by a partnership with local agencies and state funding.

Tostitos has launched a new campaign, "For the Love of Chips and Dip™ and..." featuring Kate McKinnon and Dan Levy. This campaign introduces Tostitos Habanero, their spiciest chip yet, priced at $4.29 for an 11 oz. bag, now available nationwide. Through humorous commercials debuting on April 3 and interactive content on Snapchat starting April 6, the campaign emphasizes fun moments shared among friends. Anya Schmidt, senior director of marketing, highlights the brand's goal to celebrate connections through enjoyable snacks.

Brisk, the iced tea brand, has launched Brisk Zero Sugar Lemon Iced Tea, its first national innovation in over five years. This new beverage features no sugar while maintaining the brand's signature bold flavor. To celebrate, Brisk has partnered with sneaker artist Dan Gamache, known as 'Mache', creating custom sneakers and launching the 'Unlock Your Zero Drop' promotion. Customers can win over 2,600 prizes by purchasing the new drink. Brisk also highlights various creators through video content, continuing its commitment to support artistic expression.

PepsiCo has successfully aided over 55 million people globally in accessing safe water since 2006, alongside raising $700 million in partnerships for water initiatives. This achievement aligns with their target of helping 100 million people by 2030. The PepsiCo Foundation has introduced new recovery programs post-COVID-19, focusing on sanitation and water infrastructure across multiple countries including Brazil, Colombia, and Bangladesh. PepsiCo emphasizes the importance of safe water access as a crucial aspect of their business strategy and community support.