Pepsico Inc Stock Price, News & Analysis

PepsiCo, Inc. (NASDAQ: PEP) announced the election of Dave Lewis as an independent board member, effective November 13, 2020. Lewis, former Group CEO of Tesco PLC, brings extensive experience in retail and consumer packaged goods. He will serve on the Audit Committee. PepsiCo's Chairman and CEO, Ramon Laguarta, expressed confidence in Lewis's leadership to enhance the company's strategies and sustainable growth. The company generated over $67 billion in revenue in 2019, driving its commitment to sustainable practices and community support.

Cheetos has launched a new initiative called Deja Tu Huella to inspire the next generation to leave their mark on culture, promoting creativity in music, fashion, and entertainment. This campaign features a collaboration with Latin superstar Bad Bunny, which will debut during the 2020 American Music Awards on November 22. Cheetos is also committing $500,000 to support the Hispanic community alongside a broader $170 million commitment from PepsiCo to address racial inequality. The initiative aims to celebrate Hispanic culture's significant impact on American pop culture.

PepsiCo, Inc. (NASDAQ: PEP) released its 2020 Green Bond Report, detailing the allocation of $1 billion from its first Green Bond issued in October 2019. As of December 31, 2019, $447 million has been allocated towards sustainability initiatives, including $200 million for recycled packaging, $110 million for a low-carbon fleet transition, $98 million for a green R&D facility, and $9 million for water-efficiency projects. PepsiCo aims to align its business with sustainability goals.

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.