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April 14, 2021, 10:36 a.m. EDT

PepsiCo targets Black and Latino diners with Manzanita Sol launch in New York City

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By Tonya Garcia

PepsiCo Inc. /zigman2/quotes/208744353/composite PEP -0.03% said Wednesday that it will launch Manzanita Sol, an apple-flavored carbonated beverage, in New York City with outreach directly to Black and Latino diners. PepsiCo has partnered with four food trucks in Manhattan, Brooklyn and the Bronx that specialize in Caribbean food from islands like Puerto Rico and Trinidad to give away food and drink on April 17 and April 18. Manzanita Sol will also provide funding directly to the Black and Latino food truck owners in support of their businesses. PepsiCo stock has fallen 4.3% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.79% is up 10.5% for the period.

/zigman2/quotes/208744353/composite
US : U.S.: Nasdaq
$ 145.51
-0.04 -0.03%
Volume: 1.44M
May 7, 2021 11:50a
P/E Ratio
27.01
Dividend Yield
2.95%
Market Cap
$201.10 billion
Rev. per Employee
$241,828
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/zigman2/quotes/210599714/realtime
US : S&P US
4,234.68
+33.06 +0.79%
Volume: 772.35M
May 7, 2021 11:50a
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