Nasdaq has announced that PepsiCo, Inc. will become a component of the NASDAQ-100 Index and the NASDAQ-100 Equal Weighted Index prior to market open on Monday, July 23, 2018. PepsiCo, Inc. will replace DISH Network Corporation in the indexes.
Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion.
PepsiCo, Inc. which has a market capitalization of approximately $154.4 billion is headquartered in Purchase, New York. It recently reported results for the second quarter 2018. It reported increase in net revenue of 2.4 percent and a growth of Organic revenue to 2.6 per cent.
“We are pleased with our results for the second quarter and we remain on track to achieve the financial targets we set out at the beginning of the year,” said Chairman and CEO Indra Nooyi during the release of this report. “The majority of our businesses performed very well, particularly our international divisions propelled by continued growth in developing and emerging markets, and our North America Beverages sector posted sequential net revenue and operating profit performance improvement.”