M&A - PEPSICO INC

Form Type: 11-K

Filing Date: 2025-06-13

Corporate Action: Acquisition

Type: New

Accession Number: 000007747625000032

Filing Summary: The 11-K filing for the PepsiCo Savings Plan provides a comprehensive account of the plan's financial statements for the fiscal year ended December 31, 2024. It includes an audit opinion stating that the financial statements present a fair view of the net assets available for benefits and the changes in those assets during the year. The plan reported net assets available for benefits of approximately $14.9 billion as of December 31, 2024, marking an increase due to total additions of $2.84 billion, which includes participants' contributions, employer contributions, and investment gains. The plan also highlights upcoming changes due to acquisitions by PepsiCo, including future integrations of new employees from Sabra Dipping Company, Garza Food Ventures LLC, and VNGR Beverage, LLC into the plan. The document elaborates on participant contributions, investment options, benefits paid, and company contributions, alongside details regarding participant loans and their terms. Furthermore, it notes that there will be no pending tax audits and mentions related party transactions involving PepsiCo stock and mutual funds managed by an affiliate of the trustee.

Form Type: 10-Q

Filing Date: 2025-04-24

Corporate Action: Acquisition

Type: Update

Accession Number: 000007747625000019

Filing Summary: The document is a 10-Q filing by PepsiCo, Inc. which presents the financial results for the quarter ended on March 22, 2025. Total net revenue for the quarter was reported at $17,919 million, a slight decrease from $18,250 million in the same period last year. The cost of sales was $7,926 million, leading to a gross profit of $9,993 million. The company's net income for this quarter was $1,843 million, compared to $2,053 million in the prior year. Earnings per share attributable to common shareholders were $1.34 on a basic and $1.33 on a diluted basis, reflecting a decline in profitability. Furthermore, comprehensive income totaled $2,377 million for the quarter, with a significant other comprehensive income net of taxes amounting to $534 million. The financial statements show a strong liquidity position, but there was substantial cash used for investing activities, amounting to $1,232 million, primarily due to acquisitions and capital spending. Notable acquisitions mentioned include those under the 'Siete' and 'Poppi' brands.