Vanguard Discloses 16.5% Stake in PepsiCo, Holding 227.7M Shares

TL;DR

**Vanguard owns 16.5% of PepsiCo, holding 227.7 million shares as of Dec 29, 2023.**

AI Summary

The Vanguard Group, a major investment firm based in Pennsylvania, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in PepsiCo Inc. As of December 29, 2023, Vanguard beneficially owned 227,678,088 shares of PepsiCo's Common Stock, representing 16.5% of the company. This filing indicates Vanguard's significant, passive stake in PepsiCo, making it a key institutional holder. For investors, this means a large, stable institution believes in PepsiCo's long-term value, which can provide a sense of security, but also means a substantial portion of shares are held by an entity that typically doesn't push for major corporate changes.

Why It Matters

This filing confirms Vanguard's substantial, passive ownership in PepsiCo, signaling confidence from a major institutional investor and potentially influencing stock stability.

Risk Assessment

Risk Level: low — This filing indicates a stable, passive institutional ownership, which generally reduces volatility and risk for the stock.

Analyst Insight

An investor should note that Vanguard's substantial, passive stake (16.5%) suggests long-term confidence in PepsiCo's fundamentals, but also means less likelihood of activist pressure for major strategic changes. This reinforces PepsiCo as a stable, dividend-paying investment rather than a growth-oriented, high-volatility play.

Key Numbers

• 227,678,088 — Shares Beneficially Owned (Represents the total number of PepsiCo Common Stock shares Vanguard holds, indicating a significant investment.)
• 16.5% — Percentage of Class (Shows Vanguard's substantial ownership stake in PepsiCo, making it a major shareholder.)
• December 29, 2023 — Reporting Date (The specific date for which the ownership data is reported, providing a clear snapshot of Vanguard's holdings.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major institutional investor
• PepsiCo Inc (company) — subject company whose securities are being reported
• 227,678,088 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 16.5% (dollar_amount) — percentage of PepsiCo's class of securities owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing
• February 13, 2024 (date) — date the SC 13G/A amendment was filed

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in PepsiCo, continuing to be a top institutional holder. (The Vanguard Group) — high confidence, target: December 29, 2024
• PepsiCo's stock will likely experience continued stability due to large institutional ownership. (PepsiCo Inc) — medium confidence, target: December 29, 2024

FAQ

Filing Documents

• tv0110-pepsicoinc.htm (SC 13G/A) — 11KB
• 0001104659-24-020102.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: PepsiCo Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 700 Anderson Hill Road Purchase, NY 10577

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 713448108

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR