PepsiCo, Inc. was established when Pepsi-Cola and Frito-Lay merged in 1965. Heading up Pepsi-cola at the time was Donald M. Kendall, and on the Frito-Lay side was Herman W. Lay. The company was incorporated in Delaware on 8 June 1965 and then reincorporated in North Carolina in 1986. PepsicCo, Inc has grown into a multinational, Fortune 500 company with hundreds of brands in its portfolio.
PepsiCo consists of three main divisions; these are the PepsiCo Americas Beverages, PepsiCo Americas Food and PepsiCo International. Their main billion-dollar brands are Pepsi, Frito-Lay, Quaker, Gatorade and Tropicana. The company’s mission is to be the premier consumer products company in the world, with the focus on beverages and convenience foods. Included in the mission statement is the desire to create financial rewards for investors, as well as offering opportunities for growth to business partners, employees and the community. PepsiCo’s vision is to create programs that benefit the environment, society and build shareholder value through the development of a sustainable company. The company’s approach to financial performance is to drive shareholder value by dealing with social and environmental issues, including human, talent and environmental sustainability.
PepsiCo is listed on the New York Stock Exchange with the symbol PEP as common stock. Interestingly, the company has been named on the Dow Jones Index for three years in a row. Shares of PepsiCo stock can be purchased through an investment advisor, stock broker or PepsiCo’s BuyDIRECT Plan, which is sponsored by BNY Mellon Shareowner services.