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

Ticker: PEP · Form: SC 13G/A · Filed: 2024-02-13T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investing

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

What is the purpose of this SC 13G/A filing?

This SC 13G/A is an amendment filed by The Vanguard Group to update its beneficial ownership of PepsiCo Inc. Common Stock, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934, with the event date being December 29, 2023.

How many shares of PepsiCo Common Stock does The Vanguard Group beneficially own?

As of December 29, 2023, The Vanguard Group beneficially owns 227,678,088 shares of PepsiCo Inc. Common Stock.

What percentage of PepsiCo's Common Stock does Vanguard's ownership represent?

The 227,678,088 shares beneficially owned by The Vanguard Group represent 16.5% of PepsiCo Inc.'s class of Common Stock.

Does The Vanguard Group have sole voting power over these shares?

No, The Vanguard Group reports having 0 shares with sole voting power. It holds 3,369,000 shares with shared voting power and 227,678,088 shares with sole dispositive power, and 227,678,088 shares with shared dispositive power.

When was this amendment filed and what is the CUSIP number for PepsiCo's securities?

This amendment (Amendment No. 11) was filed on February 13, 2024. The CUSIP number for PepsiCo Inc. Common Stock is 713448108.

From the Filing

0001104659-24-020102.txt : 20240213 0001104659-24-020102.hdr.sgml : 20240213 20240213165553 ACCESSION NUMBER: 0001104659-24-020102 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PEPSICO INC CENTRAL INDEX KEY: 0000077476 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 131584302 STATE OF INCORPORATION: NC FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87178 FILM NUMBER: 24627133 BUSINESS ADDRESS: STREET 1: 700 ANDERSON HILL RD CITY: PURCHASE STATE: NY ZIP: 10577 BUSINESS PHONE: 9142532000 MAIL ADDRESS: STREET 1: 700 ANDERSON HILL ROAD CITY: PURCHASE STATE: NY ZIP: 10577-1444 FORMER COMPANY: FORMER CONFORMED NAME: PEPSI COLA CO DATE OF NAME CHANGE: 19700903 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0110-pepsicoinc.htm SCHEDULE 13G/A pepsicoinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* Name of issuer:  PepsiCo Inc Title of Class of Securities:  Common Stock CUSIP Number:  713448108 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  713448108 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 1,803,353 7.  SOLE DISPOSITIVE POWER 125,189,385 8.  SHARED DISPOSITIVE POWER 6,124,097 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 131,313,482 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.55% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: PepsiCo Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 700 Anderson Hill Road Purchase, NY 10577 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: Common Stock Item 2(e) - CUSIP Number 7134