PepsiCo, Inc. reports developments across a global beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. Recurring news covers brand innovation, Gatorade hydration science, sports and consumer campaigns, supply-chain and go-to-market technology, and updates tied to the company's international operations.
Company announcements also cover dividend actions, annual meeting communications, and PepsiCo Positive initiatives involving renewable energy, fertilizer decarbonization, and broader value-chain sustainability programs. These updates reflect the company's mix of packaged foods, carbonated soft drinks, sports hydration, and other beverage categories sold across global markets.
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.
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.