Welcome to our dedicated page for Pepsico news (Ticker: PEP), a resource for investors and traders seeking the latest updates and insights on Pepsico stock.
PepsiCo, Inc. (NASDAQ: PEP) generates frequent news across capital markets, operations, sustainability and agriculture, reflecting its role as a global food and beverage company with a broad portfolio of beverage and convenient foods brands. On this page, readers can follow PEP news that ranges from strategic collaborations and technology initiatives to financial outlooks, shareholder communications and sustainability programs.
Recent announcements highlight PepsiCo’s focus on digital transformation and supply chain innovation. The company has announced a multi-year collaboration with Siemens and NVIDIA to apply digital twin technology and AI to its plant and supply chain operations. By converting select manufacturing and warehouse facilities into high-fidelity 3D digital twins, PepsiCo reports that teams can simulate and optimize configurations before physical changes are made, with early pilots in the U.S. and plans to scale globally.
Investors tracking PEP news will also see updates on financial priorities and shareholder returns. PepsiCo has outlined commercial and financial priorities intended to enhance shareholder value, including expectations for organic revenue growth, core constant currency earnings per share growth and core operating margin expansion in future fiscal years. The company has discussed productivity initiatives, cost reductions, supply chain and go-to-market optimization in North America, and a disciplined capital allocation framework that includes investment in the business, dividends and share repurchases, while emphasizing that these are forward-looking statements subject to risks.
PepsiCo news also frequently covers sustainability and regenerative agriculture. The company has launched and expanded programs such as the Climate Resilience Platform, a direct farmer incentive pilot in Brazil’s Cerrado region, the STEP up for Agriculture initiative and the Global Farmer Awards. These stories illustrate PepsiCo’s pep+ (PepsiCo Positive) agenda, which places sustainability and human capital at the center of its strategy and includes goals related to regenerative agriculture and climate resilience.
Additional PEP coverage includes dividend declarations, leadership and governance updates, and perspectives from major shareholders such as Elliott Investment Management. For anyone following PepsiCo stock, this news feed provides a centralized view of the company’s operational, financial and sustainability developments as disclosed in press releases and related communications.
PepsiCo (NASDAQ:PEP) has extended its partnership with UEFA Champions League for the 2021/22 to 2023/24 seasons, continuing a relationship that began in 2015. The deal includes the addition of SodaStream to Pepsi's brand lineup and emphasizes sustainability in events. PepsiCo aims to reduce plastic waste and promote equality within communities, collaborating with the UEFA Foundation for Children. The partnership enhances PepsiCo's global marketing efforts, with over 100 markets participating annually in various promotional activities.
The Board of Directors of PepsiCo (NASDAQ: PEP) has declared a quarterly dividend of $1.0225 per share, marking a 7% increase compared to the same period last year. This follows an annualized dividend increase to $4.09 per share from $3.82, effective from June 2020. The dividend is payable on January 7, 2021, to shareholders of record as of December 4, 2020. PepsiCo has maintained consecutive quarterly dividends since 1965, achieving its 48th annual dividend increase in 2020.
The Women's Sports Foundation (WSF) announced the recipients of its 2020 Travel & Training Fund, distributing $75,000 to 15 athletes and 2 women’s teams across the USA. Supported by Gatorade, the fund assists women athletes facing financial barriers in training for the 2021 and 2022 Olympic and Paralympic Games. Many recipients reported challenges due to COVID-19, including access to facilities and sponsorship losses. Founded by Billie Jean King, WSF aims to promote female representation in sports and has funded over 1,500 athletes since 1984.
PepsiCo has appointed Pietro Antonio Tataranni, MD, as the new Chief Medical Officer, effective immediately. Dr. Tataranni will oversee health initiatives amidst the ongoing COVID-19 pandemic and lead the company's Life Sciences strategy. Having joined PepsiCo in September 2018, he has experience in scientific leadership and innovation, previously holding senior roles at Sanofi and Merck. His appointment aims to enhance PepsiCo's commitment to science-driven health solutions and innovation in its product portfolio.
Frito-Lay has revealed insights from its latest U.S. Snack Index survey, indicating a significant shift in consumer behavior as the holidays approach. Notably, 50% of Americans plan to purchase holiday groceries online, a dramatic rise from 15% in 2019. Additionally, 66% of respondents are stocking up on snacks, with a 16% year-over-year increase in dip purchases. Health and safety concerns drive this trend, as 83% intend to spend the same or more on groceries. The survey showcases evolving shopping habits and growing consumer interest in using snacks in recipes.
On Nov. 12, 2020, Chester Cheetah launched the first-ever official Cheetos holiday cookbook, "BON-APPE-CHEETOS," featuring 22 inventive recipes from celebrity chefs like Anne Burrell and Richard Blais. The cookbook is available for a minimum donation of $35 to World Central Kitchen's COVID-relief fund, benefiting #ChefsForAmerica. This initiative coincides with a growing trend of home cooking, with a recent survey indicating that 63% of Americans seek unique recipes to entertain themselves. The cookbook aims to bring cheesy inspiration to holiday meals.
Hissho Sushi has partnered with Frito-Lay to launch the Cheetos® Flamin' Hot® Roll, a unique sushi roll combining Spicy Krab, crushed Cheetos, and avocado. This innovative roll will be available in over 700 locations including grocery stores, colleges, hospitals, and airports. Hissho aims to enhance the consumer sushi experience while addressing the demand for inventive grab-and-go options. The collaboration is highlighted by the excitement of both companies to bring fresh culinary experiences to fans.
PepsiCo (NASDAQ: PEP) has launched a micro-fulfillment center in Joliet, Illinois, aiming to enhance eCommerce capabilities amidst growing consumer demand. This automated facility, powered by Dematic, is designed to improve safety, reduce costs, and expedite delivery, enabling PepsiCo to process 7.5 times more units per hour compared to traditional methods. The initiative underscores PepsiCo's commitment to investing in operational efficiency and collaboration with retail partners to enhance customer experiences.
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.