PepsiCo Inc. announced that it will move its stock exchange listing to the Nasdaq Global Select Market from the New York Stock Exchange, effective Dec. 19.

"We believe this move will provide us with greater cost-effectiveness and access to Nasdaq's unique portfolio of tools and services to connect with our investors more efficiently," Jamie Caulfield, PepsiCo's senior vice president of investor relations, said in a Dec. 8 statement.

PepsiCo shares are expected to begin trading on the Nasdaq on Dec. 20 under the symbol PEP.