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PEPSICO INC. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings and PEPSICO INC.’s Form 8-K, filed May 3, 2024 (Item 5.07 on EDGAR). Page generated October 13, 2026.

  • 26Ballot items
  • 1,586Asset managers
  • 34,189Fund votes
  • May 1, 2024Meeting date

Results at a glance

Meeting of May 1, 2024: 26 items on PEPSICO INC.’s Form 8-K, filed May 3, 2024: 15 elected · 3 approved · 8 not approved.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided · This season’s results screens

Proxy season: 2023-2024 2024-2025 2025-2026

Explore PEPSICO INC. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by PEPSICO INC.

These tallies are PEPSICO INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 3, 2024 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

PEPSICO INC. — official shareholder meeting results, meeting held May 1, 2024
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Segun Agbaje 992,587,2945,844,3633,290,130 --180,213,992 99.4%Elected—
Elect Director: Jennifer Bailey 994,399,5014,293,6593,028,627 --180,213,992 99.5%Elected—
Elect Director: Cesar Conde 953,874,24844,579,4593,268,080 --180,213,992 96%Elected—
Elect Director: Ian Cook 953,553,26844,954,8173,213,702 --180,213,992 95%Elected—
Elect Director: Edith W. Cooper 992,624,1096,028,1073,069,571 --180,213,992 99.3%Elected—
Elect Director: Susan M. Diamond 992,923,5905,712,7873,085,410 --180,213,992 99.4%Elected—
Elect Director: Dina Dublon 959,868,06438,761,9553,091,768 --180,213,992 96%Elected—
Elect Director: Michelle Gass 993,493,6795,104,0393,124,069 --180,213,992 99.4%Elected—
Elect Director: Ramon L. Laguarta 924,777,43369,970,7076,973,647 --180,213,992 93%Elected—
Elect Director: Dave J. Lewis 993,610,2254,916,5973,194,965 --180,213,992 99.5%Elected—
Elect Director: David C. Page, MD 981,671,67716,776,7353,273,375 --180,213,992 98%Elected—
Elect Director: Robert C. Pohlad 961,311,02537,291,8293,118,933 --180,213,992 96%Elected—
Elect Director: Daniel Vasella, MD 946,402,52052,026,3313,292,936 --180,213,992 95%Elected—
Elect Director: Darren Walker 979,013,35319,436,5223,271,912 --180,213,992 98%Elected—
Elect Director: Alberto Weisser 961,094,58336,993,3633,633,841 --180,213,992 96%Elected—
2. The appointment of KPMG LLP as the independent registered public accounting firm for PepsiCo for fiscal year 2024 1,105,513,90273,973,8202,448,057 ---- 94%Approved—
3. PepsiCo's executive compensation 889,447,400102,710,5319,563,856 --180,213,992 90%Approved—
4. The Amended and Restated PepsiCo, Inc 942,110,92450,972,5228,638,341 --180,213,992 95%Approved—
Proposal 5: The shareholders voted against a shareholder proposal regarding shareholder ratification of excessive golden parachutes: 65,453,445927,884,8648,383,478 --180,213,992 7%Not approved—
Proposal 6: The shareholders voted against a shareholder proposal regarding a report on gender-based compensation gaps and associated risks: 18,365,513965,634,40317,721,871 --180,213,992 2%Not approved—
Proposal 7: The shareholders voted against a shareholder proposal regarding a director election resignation bylaw: 176,880,527812,849,87911,991,381 --180,213,992 18%Not approved—
Proposal 8: The shareholders voted against a shareholder proposal regarding a third-party assessment on non-sugar sweetener risks: 112,324,772868,039,26121,357,754 --180,213,992 11%Not approved—
Proposal 9: The shareholders voted against a shareholder proposal regarding a report on risks related to biodiversity and nature loss: 178,018,946790,567,89933,134,942 --180,213,992 18%Not approved—
Proposal 10: The shareholders voted against a shareholder proposal regarding a third-party racial equity audit: 196,593,851786,489,11118,638,825 --180,213,992 20%Not approved—
Proposal 11: The shareholders voted against a shareholder proposal regarding a report on risks created by the Company's diversity, equity and inclusion efforts: 27,063,961954,327,46620,330,360 --180,213,992 3%Not approved—
Proposal 12: The shareholders voted against a shareholder proposal regarding a global transparency report: 146,027,052831,047,79824,646,937 --180,213,992 15%Not approved—

Source: PEPSICO INC., Form 8-K, filed with the SEC on May 3, 2024 — read the filing on EDGAR.

How asset managers voted at the PEPSICO INC. 2023-2024 meeting

Each item below shows how the 1,586 asset managers that disclosed a PEPSICO INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Segun Agbaje

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%
FOR: 992,587,294AGAINST: 5,844,363
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Election of Directors: Segun Agbaje

PEPSICO INC.’s own tally for this item (“Elect Director: Segun Agbaje”): 992,587,294 for, 5,844,363 against, per its Form 8-K filed May 3, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “(1) The following 15 persons were elected to serve as directors of PepsiCo:”
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 349,070,253 for, 23,755 against, 173,982 abstained, 4,281 not voted, 11,126 unknown.

FOR
FOR: 349,070,253AGAINST: 23,755ABSTAIN: 173,982UNKNOWN: 11,126NOT VOTED: 4,281
Largest asset managers voting on “Election of Directors: Segun Agbaje” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard135,882,1070 00For
BlackRock39,697,7505,800 00For
Fidelity31,686,6050 00For
Charles Schwab19,140,0950 00For
State Street13,265,520480 00For
JPMorgan9,761,5990 00For
Capital Group6,933,2950 00For
TIAA6,028,1100 00For
MFS5,879,2650 00For
Dimensional5,577,4470 00For
Invesco5,184,3690 00For
Jensen Quality Growth Fund Inc3,716,0000 00For
INVESTMENT CO OF AMERICA3,571,6070 00For
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price3,025,5250 00For
Columbia Threadneedle2,881,0450 00For
ProShares2,673,5260 00For
American Century2,227,1030 00For
MASTER INVESTMENT PORTFOLIO2,177,4050 00For
WisdomTree2,095,4470 00For
AMG FUNDS1,945,0000 00For
Jackson National1,932,9260 00For
First Trust1,851,6900 00For
Victory Capital1,634,3130 00For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

2. Elect Director: Jennifer Bailey

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 994,399,501AGAINST: 4,293,659
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Election of Directors: Jennifer Bailey

PEPSICO INC.’s own tally for this item (“Elect Director: Jennifer Bailey”): 994,399,501 for, 4,293,659 against, per its Form 8-K filed May 3, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “(1) The following 15 persons were elected to serve as directors of PepsiCo:”
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 349,057,475 for, 37,678 against, 173,965 abstained, 4,281 not voted, 11,126 unknown.

FOR
FOR: 349,057,475AGAINST: 37,678ABSTAIN: 173,965UNKNOWN: 11,126NOT VOTED: 4,281
Largest asset managers voting on “Election of Directors: Jennifer Bailey” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard135,882,1070 00For
BlackRock39,697,7505,800 00For
Fidelity31,686,6050 00For
Charles Schwab19,140,0950 00For
State Street13,265,520480 00For
JPMorgan9,761,5990 00For
Capital Group6,933,2950 00For
TIAA6,028,1100 00For
MFS5,879,2650 00For
Dimensional5,577,4470 00For
Invesco5,184,3690 00For
Jensen Quality Growth Fund Inc3,716,0000 00For
INVESTMENT CO OF AMERICA3,571,6070 00For
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price3,025,5250 00For
Columbia Threadneedle2,881,0450 00For
ProShares2,673,5260 00For
American Century2,227,1030 00For
MASTER INVESTMENT PORTFOLIO2,177,4050 00For
WisdomTree2,095,4470 00For
AMG FUNDS1,945,0000 00For
Jackson National1,932,9260 00For
First Trust1,851,6900 00For
Victory Capital1,634,3130 00For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

3. Elect Director: Cesar Conde

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 953,874,248AGAINST: 44,579,459
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Election of Directors: Cesar Conde

PEPSICO INC.’s own tally for this item (“Elect Director: Cesar Conde”): 953,874,248 for, 44,579,459 against, per its Form 8-K filed May 3, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “(1) The following 15 persons were elected to serve as directors of PepsiCo:”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 348,574,737 for, 474,494 against, 173,981 abstained, 4,281 not voted, 57,032 unknown.

FOR
FOR: 348,574,737AGAINST: 474,494ABSTAIN: 173,981UNKNOWN: 57,032NOT VOTED: 4,281
Largest asset managers voting on “Election of Directors: Cesar Conde” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard135,882,1070 00For
BlackRock39,687,60115,949 00For
Fidelity31,686,6050 00For
Charles Schwab19,140,0950 00For
State Street13,264,8331,167 00For
JPMorgan9,761,5990 00For
Capital Group6,933,2950 00For
TIAA6,028,1100 00For
MFS5,879,2650 00For
Dimensional5,577,4470 00For
Invesco5,184,3690 00For
Jensen Quality Growth Fund Inc3,716,0000 00For
INVESTMENT CO OF AMERICA3,571,6070 00For
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price3,025,5250 00For
Columbia Threadneedle2,881,0450 00For
ProShares2,673,5260 00For
American Century2,227,1030 00For
MASTER INVESTMENT PORTFOLIO2,177,4050 00For
WisdomTree2,095,4470 00For
AMG FUNDS1,945,0000 00For
Jackson National1,932,9260 00For
First Trust1,851,6900 00For
Victory Capital1,634,3130 00For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

4. Elect Director: Ian Cook

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 953,553,268AGAINST: 44,954,817
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Election of Directors: Ian Cook

PEPSICO INC.’s own tally for this item (“Elect Director: Ian Cook”): 953,553,268 for, 44,954,817 against, per its Form 8-K filed May 3, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “(1) The following 15 persons were elected to serve as directors of PepsiCo:”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 348,288,169 for, 761,067 against, 173,976 abstained, 4,281 not voted, 57,032 unknown.

FOR
FOR: 348,288,169AGAINST: 761,067ABSTAIN: 173,976UNKNOWN: 57,032NOT VOTED: 4,281
Largest asset managers voting on “Election of Directors: Ian Cook” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard135,882,1070 00For
BlackRock39,687,60115,949 00For
Fidelity31,686,6050 00For
Charles Schwab19,140,0950 00For
State Street13,264,3641,636 00For
JPMorgan9,761,5990 00For
Capital Group6,933,2950 00For
TIAA6,028,1100 00For
MFS5,879,2650 00For
Dimensional5,577,4470 00For
Invesco5,184,3690 00For
Jensen Quality Growth Fund Inc3,716,0000 00For
INVESTMENT CO OF AMERICA3,571,6070 00For
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price3,025,5250 00For
Columbia Threadneedle2,881,0450 00For
ProShares2,673,5260 00For
American Century2,227,1030 00For
MASTER INVESTMENT PORTFOLIO2,177,4050 00For
WisdomTree2,095,4470 00For
AMG FUNDS1,945,0000 00For
Jackson National1,932,9260 00For
First Trust1,851,6900 00For
Victory Capital1,634,3130 00For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

5. Elect Director: Edith W. Cooper

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 10 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 992,624,109AGAINST: 6,028,107
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Election of Directors: Edith W. Cooper

PEPSICO INC.’s own tally for this item (“Elect Director: Edith W. Cooper”): 992,624,109 for, 6,028,107 against, per its Form 8-K filed May 3, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “(1) The following 15 persons were elected to serve as directors of PepsiCo:”
Support: 99.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 349,057,384 for, 37,767 against, 173,967 abstained, 4,281 not voted, 11,126 unknown.

FOR
FOR: 349,057,384AGAINST: 37,767ABSTAIN: 173,967UNKNOWN: 11,126NOT VOTED: 4,281
Largest asset managers voting on “Election of Directors: Edith W. Cooper” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard135,882,1070 00For
BlackRock39,697,7505,800 00For
Fidelity31,686,6050 00For
Charles Schwab19,140,0950 00For
State Street13,265,520480 00For
JPMorgan9,761,5990 00For
Capital Group6,933,2950 00For
TIAA6,028,1100 00For
MFS5,879,2650 00For
Dimensional5,577,4470 00For
Invesco5,184,3690 00For
Jensen Quality Growth Fund Inc3,716,0000 00For
INVESTMENT CO OF AMERICA3,571,6070 00For
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price3,025,5250 00For
Columbia Threadneedle2,881,0450 00For
ProShares2,673,5260 00For
American Century2,227,1030 00For
MASTER INVESTMENT PORTFOLIO2,177,4050 00For
WisdomTree2,095,4470 00For
AMG FUNDS1,945,0000 00For
Jackson National1,932,9260 00For
First Trust1,851,6900 00For
Victory Capital1,634,3130 00For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

6. Elect Director: Susan M. Diamond

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 10 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%
FOR: 992,923,590AGAINST: 5,712,787
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Election of Directors: Susan M. Diamond

PEPSICO INC.’s own tally for this item (“Elect Director: Susan M. Diamond”): 992,923,590 for, 5,712,787 against, per its Form 8-K filed May 3, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “(1) The following 15 persons were elected to serve as directors of PepsiCo:”
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 349,057,406 for, 37,743 against, 173,969 abstained, 4,281 not voted, 11,126 unknown.

FOR
FOR: 349,057,406AGAINST: 37,743ABSTAIN: 173,969UNKNOWN: 11,126NOT VOTED: 4,281
Largest asset managers voting on “Election of Directors: Susan M. Diamond” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard135,882,1070 00For
BlackRock39,697,7505,800 00For
Fidelity31,686,6050 00For
Charles Schwab19,140,0950 00For
State Street13,265,520480 00For
JPMorgan9,761,5990 00For
Capital Group6,933,2950 00For
TIAA6,028,1100 00For
MFS5,879,2650 00For
Dimensional5,577,4470 00For
Invesco5,184,3690 00For
Jensen Quality Growth Fund Inc3,716,0000 00For
INVESTMENT CO OF AMERICA3,571,6070 00For
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price3,025,5250 00For
Columbia Threadneedle2,881,0450 00For
ProShares2,673,5260 00For
American Century2,227,1030 00For
MASTER INVESTMENT PORTFOLIO2,177,4050 00For
WisdomTree2,095,4470 00For
AMG FUNDS1,945,0000 00For
Jackson National1,932,9260 00For
First Trust1,851,6900 00For
Victory Capital1,634,3130 00For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

7. Elect Director: Dina Dublon

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 959,868,064AGAINST: 38,761,955
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Election of Directors: Dina Dublon

PEPSICO INC.’s own tally for this item (“Elect Director: Dina Dublon”): 959,868,064 for, 38,761,955 against, per its Form 8-K filed May 3, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “(1) The following 15 persons were elected to serve as directors of PepsiCo:”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 348,361,184 for, 688,059 against, 173,969 abstained, 4,281 not voted, 57,032 unknown.

FOR
FOR: 348,361,184AGAINST: 688,059ABSTAIN: 173,969UNKNOWN: 57,032NOT VOTED: 4,281
Largest asset managers voting on “Election of Directors: Dina Dublon” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard135,882,1070 00For
BlackRock39,697,7505,800 00For
Fidelity31,686,6050 00For
Charles Schwab19,140,0950 00For
State Street13,265,052948 00For
JPMorgan9,761,5990 00For
Capital Group6,933,2950 00For
TIAA6,028,1100 00For
MFS5,879,2650 00For
Dimensional5,577,4470 00For
Invesco5,184,3690 00For
Jensen Quality Growth Fund Inc3,716,0000 00For
INVESTMENT CO OF AMERICA3,571,6070 00For
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price3,025,5250 00For
Columbia Threadneedle2,881,0450 00For
ProShares2,673,5260 00For
American Century2,227,1030 00For
MASTER INVESTMENT PORTFOLIO2,177,4050 00For
WisdomTree2,095,4470 00For
AMG FUNDS1,945,0000 00For
Jackson National1,932,9260 00For
First Trust1,851,6900 00For
Victory Capital1,634,3130 00For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

8. Elect Director: Michelle Gass

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%
FOR: 993,493,679AGAINST: 5,104,039
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Election of Directors: Michelle Gass

PEPSICO INC.’s own tally for this item (“Elect Director: Michelle Gass”): 993,493,679 for, 5,104,039 against, per its Form 8-K filed May 3, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “(1) The following 15 persons were elected to serve as directors of PepsiCo:”
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 349,057,446 for, 17,437 against, 194,234 abstained, 4,281 not voted, 11,126 unknown.

FOR
FOR: 349,057,446AGAINST: 17,437ABSTAIN: 194,234UNKNOWN: 11,126NOT VOTED: 4,281
Largest asset managers voting on “Election of Directors: Michelle Gass” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard135,882,1070 00For
BlackRock39,697,7505,800 00For
Fidelity31,686,6050 00For
Charles Schwab19,140,0950 00For
State Street13,265,520480 00For
JPMorgan9,761,5990 00For
Capital Group6,933,2950 00For
TIAA6,028,1100 00For
MFS5,879,2650 00For
Dimensional5,577,4470 00For
Invesco5,184,3690 00For
Jensen Quality Growth Fund Inc3,716,0000 00For
INVESTMENT CO OF AMERICA3,571,6070 00For
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price3,025,5250 00For
Columbia Threadneedle2,881,0450 00For
ProShares2,673,5260 00For
American Century2,227,1030 00For
MASTER INVESTMENT PORTFOLIO2,177,4050 00For
WisdomTree2,095,4470 00For
AMG FUNDS1,945,0000 00For
Jackson National1,932,9260 00For
First Trust1,851,6900 00For
Victory Capital1,634,3130 00For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

9. Elect Director: Ramon L. Laguarta

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 10 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%
FOR: 924,777,433AGAINST: 69,970,707
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Election of Directors: Ramon L. Laguarta

PEPSICO INC.’s own tally for this item (“Elect Director: Ramon L. Laguarta”): 924,777,433 for, 69,970,707 against, per its Form 8-K filed May 3, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “(1) The following 15 persons were elected to serve as directors of PepsiCo:”
Support: 93% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 348,633,099 for, 415,843 against, 174,271 abstained, 4,281 not voted, 57,032 unknown.

FOR
FOR: 348,633,099AGAINST: 415,843ABSTAIN: 174,271UNKNOWN: 57,032NOT VOTED: 4,281
Largest asset managers voting on “Election of Directors: Ramon L. Laguarta” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard135,882,1070 00For
BlackRock39,697,7505,800 00For
Fidelity31,686,6050 00For
Charles Schwab19,140,0950 00For
State Street13,265,455545 00For
JPMorgan9,761,5990 00For
Capital Group6,933,2950 00For
TIAA6,028,1100 00For
MFS5,879,2650 00For
Dimensional5,577,4470 00For
Invesco5,184,3690 00For
Jensen Quality Growth Fund Inc3,716,0000 00For
INVESTMENT CO OF AMERICA3,571,6070 00For
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price3,025,5250 00For
Columbia Threadneedle2,881,0450 00For
ProShares2,673,5260 00For
American Century2,227,1030 00For
MASTER INVESTMENT PORTFOLIO2,177,4050 00For
WisdomTree2,095,4470 00For
AMG FUNDS1,945,0000 00For
Jackson National1,932,9260 00For
First Trust1,851,6900 00For
Victory Capital1,634,3130 00For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

10. Elect Director: Dave J. Lewis

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 993,610,225AGAINST: 4,916,597
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Election of Directors: Dave J. Lewis

PEPSICO INC.’s own tally for this item (“Elect Director: Dave J. Lewis”): 993,610,225 for, 4,916,597 against, per its Form 8-K filed May 3, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “(1) The following 15 persons were elected to serve as directors of PepsiCo:”
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 349,077,745 for, 17,397 against, 173,976 abstained, 4,281 not voted, 11,126 unknown.

FOR
FOR: 349,077,745AGAINST: 17,397ABSTAIN: 173,976UNKNOWN: 11,126NOT VOTED: 4,281
Largest asset managers voting on “Election of Directors: Dave J. Lewis” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard135,882,1070 00For
BlackRock39,697,7505,800 00For
Fidelity31,686,6050 00For
Charles Schwab19,140,0950 00For
State Street13,265,520480 00For
JPMorgan9,761,5990 00For
Capital Group6,933,2950 00For
TIAA6,028,1100 00For
MFS5,879,2650 00For
Dimensional5,577,4470 00For
Invesco5,184,3690 00For
Jensen Quality Growth Fund Inc3,716,0000 00For
INVESTMENT CO OF AMERICA3,571,6070 00For
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price3,025,5250 00For
Columbia Threadneedle2,881,0450 00For
ProShares2,673,5260 00For
American Century2,227,1030 00For
MASTER INVESTMENT PORTFOLIO2,177,4050 00For
WisdomTree2,095,4470 00For
AMG FUNDS1,945,0000 00For
Jackson National1,932,9260 00For
First Trust1,851,6900 00For
Victory Capital1,634,3130 00For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

11. Elect Director: David C. Page, MD

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 981,671,677AGAINST: 16,776,735
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Election of Directors: David C. Page

PEPSICO INC.’s own tally for this item (“Elect Director: David C. Page, MD”): 981,671,677 for, 16,776,735 against, per its Form 8-K filed May 3, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “(1) The following 15 persons were elected to serve as directors of PepsiCo:”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 348,894,563 for, 154,667 against, 173,982 abstained, 4,281 not voted, 57,032 unknown.

FOR
FOR: 348,894,563AGAINST: 154,667ABSTAIN: 173,982UNKNOWN: 57,032NOT VOTED: 4,281
Largest asset managers voting on “Election of Directors: David C. Page” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard135,882,1070 00For
BlackRock39,697,7505,800 00For
Fidelity31,686,6050 00For
Charles Schwab19,140,0950 00For
State Street13,265,520480 00For
JPMorgan9,761,5990 00For
Capital Group6,933,2950 00For
TIAA6,028,1100 00For
MFS5,879,2650 00For
Dimensional5,577,4470 00For
Invesco5,184,3690 00For
Jensen Quality Growth Fund Inc3,716,0000 00For
INVESTMENT CO OF AMERICA3,571,6070 00For
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price3,025,5250 00For
Columbia Threadneedle2,881,0450 00For
ProShares2,673,5260 00For
American Century2,227,1030 00For
MASTER INVESTMENT PORTFOLIO2,177,4050 00For
WisdomTree2,095,4470 00For
AMG FUNDS1,945,0000 00For
Jackson National1,932,9260 00For
First Trust1,851,6900 00For
Victory Capital1,634,3130 00For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

12. Elect Director: Robert C. Pohlad

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 10 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 961,311,025AGAINST: 37,291,829
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Election of Directors: Robert C. Pohlad

PEPSICO INC.’s own tally for this item (“Elect Director: Robert C. Pohlad”): 961,311,025 for, 37,291,829 against, per its Form 8-K filed May 3, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “(1) The following 15 persons were elected to serve as directors of PepsiCo:”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 348,103,811 for, 945,435 against, 173,966 abstained, 4,281 not voted, 57,032 unknown.

FOR
FOR: 348,103,811AGAINST: 945,435ABSTAIN: 173,966UNKNOWN: 57,032NOT VOTED: 4,281
Largest asset managers voting on “Election of Directors: Robert C. Pohlad” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard135,882,1070 00For
BlackRock39,687,60115,949 00For
Fidelity31,686,6050 00For
Charles Schwab19,140,0950 00For
State Street13,264,8331,167 00For
JPMorgan9,761,5990 00For
Capital Group6,933,2950 00For
TIAA6,028,1100 00For
MFS5,879,2650 00For
Dimensional5,577,4470 00For
Invesco5,184,3690 00For
Jensen Quality Growth Fund Inc3,716,0000 00For
INVESTMENT CO OF AMERICA3,571,6070 00For
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price3,025,5250 00For
Columbia Threadneedle2,881,0450 00For
ProShares2,673,5260 00For
American Century2,227,1030 00For
MASTER INVESTMENT PORTFOLIO2,177,4050 00For
WisdomTree2,095,4470 00For
AMG FUNDS1,945,0000 00For
Jackson National1,932,9260 00For
First Trust1,851,6900 00For
Victory Capital1,634,3130 00For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

13. Elect Director: Daniel Vasella, MD

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 946,402,520AGAINST: 52,026,331
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Election of Directors: Daniel Vasella

PEPSICO INC.’s own tally for this item (“Elect Director: Daniel Vasella, MD”): 946,402,520 for, 52,026,331 against, per its Form 8-K filed May 3, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “(1) The following 15 persons were elected to serve as directors of PepsiCo:”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 348,062,759 for, 986,470 against, 173,983 abstained, 4,281 not voted, 57,032 unknown.

FOR
FOR: 348,062,759AGAINST: 986,470ABSTAIN: 173,983UNKNOWN: 57,032NOT VOTED: 4,281
Largest asset managers voting on “Election of Directors: Daniel Vasella” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard135,882,1070 00For
BlackRock39,687,60115,949 00For
Fidelity31,686,6050 00For
Charles Schwab19,140,0950 00For
State Street13,264,3641,636 00For
JPMorgan9,761,5990 00For
Capital Group6,933,2950 00For
TIAA6,028,1100 00For
MFS5,879,2650 00For
Dimensional5,577,4470 00For
Invesco5,184,3690 00For
Jensen Quality Growth Fund Inc3,716,0000 00For
INVESTMENT CO OF AMERICA3,571,6070 00For
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price3,025,5250 00For
Columbia Threadneedle2,881,0450 00For
ProShares2,673,5260 00For
American Century2,227,1030 00For
MASTER INVESTMENT PORTFOLIO2,177,4050 00For
WisdomTree2,095,4470 00For
AMG FUNDS1,945,0000 00For
Jackson National1,932,9260 00For
First Trust1,851,6900 00For
Victory Capital1,634,3130 00For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

14. Elect Director: Darren Walker

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 979,013,353AGAINST: 19,436,522
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Election of Directors: Darren Walker

PEPSICO INC.’s own tally for this item (“Elect Director: Darren Walker”): 979,013,353 for, 19,436,522 against, per its Form 8-K filed May 3, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “(1) The following 15 persons were elected to serve as directors of PepsiCo:”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 348,740,272 for, 354,864 against, 173,982 abstained, 4,281 not voted, 11,126 unknown.

FOR
FOR: 348,740,272AGAINST: 354,864ABSTAIN: 173,982UNKNOWN: 11,126NOT VOTED: 4,281
Largest asset managers voting on “Election of Directors: Darren Walker” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard135,882,1070 00For
BlackRock39,687,60115,949 00For
Fidelity31,686,6050 00For
Charles Schwab19,140,0950 00For
State Street13,264,8331,167 00For
JPMorgan9,761,5990 00For
Capital Group6,933,2950 00For
TIAA6,028,1100 00For
MFS5,879,2650 00For
Dimensional5,577,4470 00For
Invesco5,184,3690 00For
Jensen Quality Growth Fund Inc3,716,0000 00For
INVESTMENT CO OF AMERICA3,571,6070 00For
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price3,025,5250 00For
Columbia Threadneedle2,881,0450 00For
ProShares2,673,5260 00For
American Century2,227,1030 00For
MASTER INVESTMENT PORTFOLIO2,177,4050 00For
WisdomTree2,095,4470 00For
AMG FUNDS1,945,0000 00For
Jackson National1,932,9260 00For
First Trust1,851,6900 00For
Victory Capital1,634,3130 00For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

15. Elect Director: Alberto Weisser

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 961,094,583AGAINST: 36,993,363
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Election of Directors: Alberto Weisser

PEPSICO INC.’s own tally for this item (“Elect Director: Alberto Weisser”): 961,094,583 for, 36,993,363 against, per its Form 8-K filed May 3, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “(1) The following 15 persons were elected to serve as directors of PepsiCo:”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 348,608,944 for, 440,259 against, 174,009 abstained, 4,281 not voted, 57,032 unknown.

FOR
FOR: 348,608,944AGAINST: 440,259ABSTAIN: 174,009UNKNOWN: 57,032NOT VOTED: 4,281
Largest asset managers voting on “Election of Directors: Alberto Weisser” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard135,882,1070 00For
BlackRock39,697,7505,800 00For
Fidelity31,686,6050 00For
Charles Schwab19,140,0950 00For
State Street13,265,052948 00For
JPMorgan9,761,5990 00For
Capital Group6,933,2950 00For
TIAA6,028,1100 00For
MFS5,879,2650 00For
Dimensional5,577,4470 00For
Invesco5,184,3690 00For
Jensen Quality Growth Fund Inc3,716,0000 00For
INVESTMENT CO OF AMERICA3,571,6070 00For
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price3,025,5250 00For
Columbia Threadneedle2,881,0450 00For
ProShares2,673,5260 00For
American Century2,227,1030 00For
MASTER INVESTMENT PORTFOLIO2,177,4050 00For
WisdomTree2,095,4470 00For
AMG FUNDS1,945,0000 00For
Jackson National1,932,9260 00For
First Trust1,851,6900 00For
Victory Capital1,634,3130 00For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

16. 4. The Amended and Restated PepsiCo, Inc

Official resultCAPITAL STRUCTUREReported outcome: Approved

Combines 10 wordings of this item as funds reported it.

95% Approved · of votes cast

FOR 95%
FOR: 942,110,924AGAINST: 50,972,522
Details: description as filed, official tally, votes by 256 asset managers

Description as filed by funds: Approval of the amended and restated PepsiCo, Inc. Long-Term Incentive Plan.

PEPSICO INC.’s own tally for this item (“4. The Amended and Restated PepsiCo, Inc”): 942,110,924 for, 50,972,522 against — passed, per its Form 8-K filed May 3, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “(4) The shareholders approved the Amended and Restated PepsiCo, Inc. Long-Term Incentive Plan:”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 256 asset managers below reported 347,832,298 for, 980,235 against, 240,824 abstained, 4,281 not voted, 57,032 unknown.

FOR
FOR: 347,832,298AGAINST: 980,235ABSTAIN: 240,824UNKNOWN: 57,032NOT VOTED: 4,281
Largest asset managers voting on “Approval of the amended and restated PepsiCo, Inc. Long-Term Incentive Plan.” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard135,882,1070 00For
BlackRock39,703,5500 00For
Fidelity31,686,6050 00For
Charles Schwab19,140,0950 00For
State Street13,266,0000 00For
JPMorgan9,761,5990 00For
Capital Group6,933,2950 00For
TIAA6,028,1100 00For
MFS5,879,2650 00For
Dimensional5,577,4470 00For
Invesco5,184,3690 00For
Jensen Quality Growth Fund Inc3,716,0000 00For
INVESTMENT CO OF AMERICA3,571,6070 00For
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price3,025,5250 00For
Columbia Threadneedle2,881,0450 00For
ProShares2,673,5260 00For
American Century2,227,1030 00For
MASTER INVESTMENT PORTFOLIO2,177,4050 00For
WisdomTree2,095,4470 00For
AMG FUNDS1,945,0000 00For
Jackson National1,932,9260 00For
First Trust1,851,6900 00For
Victory Capital1,634,3130 00For

Showing the 25 largest of 256 asset managers. See all 256 in the interactive database.

17. 3. PepsiCo's executive compensation

Official resultFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Combines 41 wordings of this item as funds reported it.

90% Approved · of votes cast

FOR 90%
FOR: 889,447,400AGAINST: 102,710,531
Details: description as filed, official tally, votes by 1,485 asset managers

Description as filed by funds: Advisory approval of the Company's executive compensation.

PEPSICO INC.’s own tally for this item (“3. PepsiCo's executive compensation”): 889,447,400 for, 102,710,531 against — passed, per its Form 8-K filed May 3, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “(3) The shareholders approved, on an advisory basis, PepsiCo's executive compensation:”
Support: 90% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of PEPSICO INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Advisory Vote to Ratify Named Executive Officers' Compensation” (51 managers, Fund and manager reports combined; may count the same shares twice; no share total shown); “SECTION 14A EXECUTIVE COMPENSATION” (33 managers, Fund and manager reports combined; may count the same shares twice; no share total shown); “Say on pay” (5 managers, 350,861 for).

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 227 asset managers voting on “Advisory approval of the Company's executive compensation.” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard135,882,1070 00For
BlackRock39,703,5500 00For
Fidelity31,686,6050 00For
Charles Schwab19,140,0950 00For
State Street13,265,532468 00For
JPMorgan9,761,5990 00For
Capital Group6,933,2950 00For
TIAA6,028,1100 00For
MFS5,879,2650 00For
Dimensional5,577,4470 00For
Invesco5,184,3690 00For
Jensen Quality Growth Fund Inc3,716,0000 00For
INVESTMENT CO OF AMERICA3,571,6070 00For
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price2,992,22533,300 00For
Columbia Threadneedle2,881,0450 00For
ProShares2,673,5260 00For
American Century2,227,1030 00For
MASTER INVESTMENT PORTFOLIO2,177,4050 00For
WisdomTree2,095,4470 00For
AMG FUNDS1,945,0000 00For
Jackson National1,932,9260 00For
First Trust1,851,6900 00For
Victory Capital1,634,3130 00For

Fund voting reports, all 227 managers: 347,407,631 for, 1,271,337 against, 189,503 abstained, 4,281 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 1,290 asset managers voting on “Advisory approval of the Company's executive compensation.” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
OAK RIDGE INVESTMENTS LLC49,000,0000 00For
BlackRock48,723,4816,129 00For
State Street35,104,049470,815 00For
Baron Financial Group, LLC31,000,0000 00For
GEODE CAPITAL MANAGEMENT, LLC28,794,5930 00For
Charles Schwab19,218,0180 00For
Wellington11,588,8050 00For
Capital Research Global Investors10,625,0850 00For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/9,860,2760 00For
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM9,404,0960 00For
Northern Trust9,070,49537,077 00For
FUNDSMITH INVESTMENT SERVICES LTD.08,029,459 00Against
FRANKLIN ADVISERS INC7,900,2800 00For
BANK OF AMERICA NA7,775,3790 00For
T. Rowe Price7,563,530177,246 00For
MELLON INVESTMENTS Corp7,721,1210 00For
Legal & General Investment Management Ltd07,642,375 00Against
Nuveen7,338,3860 00For
Vanguard6,255,8060 00For
Invesco6,181,3180 00For
Boston Partners6,000,0000 00For
Fisher Asset Management, LLC5,930,3640 00For
UBS5,743,4420 00For
Fidelity5,513,9580 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC05,320,234 00Against

Institutional-manager reports, all 1,290 managers: 544,101,668 for, 50,229,583 against, 1,009 withheld, 550,098 abstained, 128,240 not voted, 67,426 unknown. Showing the 25 largest; see all in the interactive database.

18. 2. The appointment of KPMG LLP as the independent registered public accounting firm for PepsiCo for fiscal year 2024

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 8 wordings of this item as funds reported it.

94% Approved · of votes cast

FOR 94%
FOR: 1,105,513,902AGAINST: 73,973,820
Details: description as filed, official tally, votes by 250 asset managers

Description as filed by funds: Ratification of appointment of KPMG LLP as our independent registered public accounting firm for fiscal year 2024.

PEPSICO INC.’s own tally for this item (“2. The appointment of KPMG LLP as the independent registered public accounting firm for PepsiCo for fiscal year 2024”): 1,105,513,902 for, 73,973,820 against — passed, per its Form 8-K filed May 3, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “(2) The shareholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for PepsiCo for fiscal year 2024:”
Support: 94% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 250 asset managers below reported 347,367,654 for, 3,270,950 against, 171,545 abstained, 4,281 not voted, 57,032 unknown.

FOR
FOR: 347,367,654AGAINST: 3,270,950ABSTAIN: 171,545UNKNOWN: 57,032NOT VOTED: 4,281
Largest asset managers voting on “Ratification of appointment of KPMG LLP as our independent registered public accounting firm for fiscal year 2” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard134,460,4071,421,700 00For
BlackRock39,703,5500 00For
Fidelity31,686,6050 00For
Charles Schwab19,140,0950 00For
State Street13,265,532468 00For
JPMorgan9,761,5990 00For
Capital Group6,933,2950 00For
TIAA6,028,1100 00For
MFS5,879,2650 00For
Dimensional5,577,4470 00For
Invesco5,184,3690 00For
Jensen Quality Growth Fund Inc3,716,0000 00For
INVESTMENT CO OF AMERICA3,571,6070 00For
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price3,025,5250 00For
Columbia Threadneedle2,881,0450 00For
ProShares2,673,5260 00For
American Century2,227,1030 00For
MASTER INVESTMENT PORTFOLIO2,177,4050 00For
WisdomTree2,095,4470 00For
AMG FUNDS1,945,0000 00For
Jackson National1,932,9260 00For
First Trust1,851,6900 00For
Victory Capital1,634,3130 00For

Showing the 25 largest of 250 asset managers. See all 250 in the interactive database.

19. Proposal 5: The shareholders voted against a shareholder proposal regarding shareholder ratification of excessive…

Official resultCOMPENSATIONReported outcome: Not approved

Combines 15 wordings of this item as funds reported it.

7% Not approved · of votes cast

AGAINST
FOR: 65,453,445AGAINST: 927,884,864
Details: description as filed, official tally, votes by 277 asset managers

Description as filed by funds: Shareholder Proposal - Shareholder Ratification of Excessive Golden Parachutes.

PEPSICO INC.’s own tally for this item (“Proposal 5: The shareholders voted against a shareholder proposal regarding shareholder ratification of excessive golden parachutes:”): 65,453,445 for, 927,884,864 against — failed, per its Form 8-K filed May 3, 2024 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “(5) The shareholders voted against a shareholder proposal regarding shareholder ratification of excessive golden parachutes:”
Support: 7% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 277 asset managers below reported 2,210,975 for, 305,173,421 against, 194,809 abstained, 4,281 not voted, 11,155 unknown.

AGAINST
FOR: 2,210,975AGAINST: 305,173,421ABSTAIN: 194,809UNKNOWN: 11,155NOT VOTED: 4,281
Largest asset managers voting on “Shareholder Proposal - Shareholder Ratification of Excessive Golden Parachutes.” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard0135,882,107 00Against
Fidelity031,686,605 00Against
Charles Schwab019,140,095 00Against
State Street46813,265,532 00Against
JPMorgan09,761,599 00Against
Capital Group06,933,295 00Against
TIAA06,028,110 00Against
MFS05,879,265 00Against
Dimensional05,577,447 00Against
Invesco05,184,369 00Against
Jensen Quality Growth Fund Inc03,716,000 00Against
INVESTMENT CO OF AMERICA03,571,607 00Against
FRANKLIN MANAGED TRUST03,223,083 00Against
Franklin Custodian Funds03,115,845 00Against
T. Rowe Price03,025,525 00Against
Columbia Threadneedle02,881,045 00Against
ProShares02,673,526 00Against
American Century02,227,103 00Against
WisdomTree02,095,447 00Against
AMG FUNDS01,945,000 00Against
Jackson National01,932,926 00Against
First Trust01,851,690 00Against
Victory Capital01,634,313 00Against
CITY NATIONAL ROCHDALE FUNDS01,448,969 00Against
DIAMOND HILL FUNDS01,402,735 00Against

Showing the 25 largest of 277 asset managers. See all 277 in the interactive database.

20. Proposal 6: The shareholders voted against a shareholder proposal regarding a report on gender-based compensation gaps…

Official resultDIVERSITY, EQUITY, AND INCLUSIONReported outcome: Not approved

Combines 9 wordings of this item as funds reported it.

2% Not approved · of votes cast

AGAINST
FOR: 18,365,513AGAINST: 965,634,403
Details: description as filed, official tally, votes by 254 asset managers

Description as filed by funds: Shareholder Proposal - Report on Gender- Based Compensation Gaps and Associated Risks.

PEPSICO INC.’s own tally for this item (“Proposal 6: The shareholders voted against a shareholder proposal regarding a report on gender-based compensation gaps and associated risks:”): 18,365,513 for, 965,634,403 against — failed, per its Form 8-K filed May 3, 2024 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “(6) The shareholders voted against a shareholder proposal regarding a report on gender-based compensation gaps and associated risks:”
Support: 2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 254 asset managers below reported 1,804,809 for, 346,189,166 against, 1,298,013 abstained, 6,960 not voted, 57,032 unknown.

AGAINST
FOR: 1,804,809AGAINST: 346,189,166ABSTAIN: 1,298,013UNKNOWN: 57,032NOT VOTED: 6,960
Largest asset managers voting on “Shareholder Proposal - Report on Gender- Based Compensation Gaps and Associated Risks.” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard0135,882,107 00Against
BlackRock039,703,550 00Against
Fidelity031,686,605 00Against
Charles Schwab019,140,095 00Against
State Street013,266,000 00Against
JPMorgan09,761,599 00Against
Capital Group06,933,295 00Against
TIAA06,028,110 00Against
MFS05,879,265 00Against
Dimensional05,577,447 00Against
Invesco05,184,369 00Against
Jensen Quality Growth Fund Inc03,716,000 00Against
INVESTMENT CO OF AMERICA03,571,607 00Against
FRANKLIN MANAGED TRUST03,223,083 00Against
Franklin Custodian Funds03,115,845 00Against
T. Rowe Price03,025,525 00Against
Columbia Threadneedle02,881,045 00Against
ProShares02,673,526 00Against
American Century02,227,103 00Against
MASTER INVESTMENT PORTFOLIO02,177,405 00Against
WisdomTree02,095,447 00Against
AMG FUNDS01,945,000 00Against
Jackson National01,932,926 00Against
First Trust01,851,690 00Against
Victory Capital01,634,313 00Against

Showing the 25 largest of 254 asset managers. See all 254 in the interactive database.

21. Proposal 11: The shareholders voted against a shareholder proposal regarding a report on risks created by the Company's…

Official resultDIVERSITY, EQUITY, AND INCLUSIONReported outcome: Not approved

Combines 13 wordings of this item as funds reported it.

3% Not approved · of votes cast

AGAINST
FOR: 27,063,961AGAINST: 954,327,466
Details: description as filed, official tally, votes by 246 asset managers

Description as filed by funds: Shareholder Proposal - Report on Risks Created by the Company's Diversity, Equity and Inclusion Efforts.

PEPSICO INC.’s own tally for this item (“Proposal 11: The shareholders voted against a shareholder proposal regarding a report on risks created by the Company's diversity, equity and inclusion efforts:”): 27,063,961 for, 954,327,466 against — failed, per its Form 8-K filed May 3, 2024 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “(11) The shareholders voted against a shareholder proposal regarding a report on risks created by the Company's diversity, equity and inclusion efforts:”
Support: 3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 246 asset managers below reported 647,299 for, 346,015,016 against, 2,729,074 abstained, 4,781 not voted, 16,940 unknown.

AGAINST
FOR: 647,299AGAINST: 346,015,016ABSTAIN: 2,729,074UNKNOWN: 16,940NOT VOTED: 4,781
Largest asset managers voting on “Shareholder Proposal - Report on Risks Created by the Company's Diversity, Equity and Inclusion Efforts.” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard0135,882,107 00Against
BlackRock039,703,550 00Against
Fidelity031,686,605 00Against
Charles Schwab019,140,095 00Against
State Street013,266,000 00Against
JPMorgan09,761,599 00Against
Capital Group06,933,295 00Against
TIAA06,028,110 00Against
MFS05,879,265 00Against
Dimensional05,577,447 00Against
Invesco05,184,369 00Against
Jensen Quality Growth Fund Inc03,716,000 00Against
INVESTMENT CO OF AMERICA03,571,607 00Against
FRANKLIN MANAGED TRUST03,223,083 00Against
Franklin Custodian Funds03,115,845 00Against
T. Rowe Price03,025,525 00Against
Columbia Threadneedle02,881,045 00Against
ProShares02,673,526 00Against
American Century02,227,103 00Against
MASTER INVESTMENT PORTFOLIO02,177,405 00Against
WisdomTree02,095,447 00Against
AMG FUNDS01,945,000 00Against
Jackson National01,932,926 00Against
First Trust01,851,690 00Against
Victory Capital01,634,313 00Against

Showing the 25 largest of 246 asset managers. See all 246 in the interactive database.

22. Proposal 10: The shareholders voted against a shareholder proposal regarding a third-party racial equity audit:

Official resultDIVERSITY, EQUITY, AND INCLUSIONReported outcome: Not approved

Combines 9 wordings of this item as funds reported it.

20% Not approved · of votes cast

FOR 20%AGAINST
FOR: 196,593,851AGAINST: 786,489,111
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Shareholder Proposal - Third-Party Racial Equity Audit.

PEPSICO INC.’s own tally for this item (“Proposal 10: The shareholders voted against a shareholder proposal regarding a third-party racial equity audit:”): 196,593,851 for, 786,489,111 against — failed, per its Form 8-K filed May 3, 2024 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “(10) The shareholders voted against a shareholder proposal regarding a third-party racial equity audit:”
Support: 20% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 19,494,433 for, 327,078,172 against, 2,729,049 abstained, 4,781 not voted, 57,061 unknown.

AGAINST
FOR: 19,494,433AGAINST: 327,078,172ABSTAIN: 2,729,049UNKNOWN: 57,061NOT VOTED: 4,781
Largest asset managers voting on “Shareholder Proposal - Third-Party Racial Equity Audit.” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard205,599135,676,508 00Against
BlackRock27,23639,676,314 00Against
Fidelity031,686,605 00Against
Charles Schwab019,140,095 00Against
State Street2,80513,263,195 00Against
JPMorgan09,761,599 00Against
Capital Group06,933,295 00Against
TIAA06,028,110 00Against
MFS05,879,265 00Against
Dimensional05,577,447 00Against
Invesco05,184,369 00Against
Jensen Quality Growth Fund Inc03,716,000 00Against
INVESTMENT CO OF AMERICA03,571,607 00Against
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds3,115,8450 00For
T. Rowe Price03,025,525 00Against
Columbia Threadneedle02,881,045 00Against
ProShares02,673,526 00Against
American Century02,227,103 00Against
MASTER INVESTMENT PORTFOLIO02,177,405 00Against
WisdomTree02,095,447 00Against
AMG FUNDS01,945,000 00Against
Jackson National40,0001,892,926 00Against
First Trust01,851,690 00Against
Victory Capital1,622,86211,451 00For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

23. Proposal 8: The shareholders voted against a shareholder proposal regarding a third-party assessment on non-sugar…

Official resultHUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCEReported outcome: Not approved

Combines 7 wordings of this item as funds reported it.

11% Not approved · of votes cast

11%AGAINST
FOR: 112,324,772AGAINST: 868,039,261
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Shareholder Proposal - Third-Party Assessment on Non-Sugar Sweetener Risks.

PEPSICO INC.’s own tally for this item (“Proposal 8: The shareholders voted against a shareholder proposal regarding a third-party assessment on non-sugar sweetener risks:”): 112,324,772 for, 868,039,261 against — failed, per its Form 8-K filed May 3, 2024 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “(8) The shareholders voted against a shareholder proposal regarding a third-party assessment on non-sugar sweetener risks:”
Support: 11% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 8,294,810 for, 339,833,191 against, 1,301,158 abstained, 4,781 not voted, 51,276 unknown.

AGAINST
FOR: 8,294,810AGAINST: 339,833,191ABSTAIN: 1,301,158UNKNOWN: 51,276NOT VOTED: 4,781
Largest asset managers voting on “Shareholder Proposal - Third-Party Assessment on Non-Sugar Sweetener Risks.” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard0135,882,107 00Against
BlackRock15,94939,687,601 00Against
Fidelity031,686,605 00Against
Charles Schwab019,140,095 00Against
State Street2,80513,263,195 00Against
JPMorgan09,761,599 00Against
Capital Group06,933,295 00Against
TIAA06,028,110 00Against
MFS05,879,265 00Against
Dimensional05,577,447 00Against
Invesco05,184,369 00Against
Jensen Quality Growth Fund Inc03,716,000 00Against
INVESTMENT CO OF AMERICA03,571,607 00Against
FRANKLIN MANAGED TRUST03,223,083 00Against
Franklin Custodian Funds2,500,000615,845 00Mixed
T. Rowe Price03,025,525 00Against
Columbia Threadneedle02,881,045 00Against
ProShares02,673,526 00Against
American Century02,227,103 00Against
MASTER INVESTMENT PORTFOLIO02,177,405 00Against
WisdomTree02,095,447 00Against
AMG FUNDS01,945,000 00Against
Jackson National40,0001,892,926 00Against
First Trust01,851,690 00Against
Victory Capital1,622,86211,451 00For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

24. Proposal 9: The shareholders voted against a shareholder proposal regarding a report on risks related to biodiversity…

Official resultENVIRONMENT OR CLIMATEReported outcome: Not approved

Combines 7 wordings of this item as funds reported it.

18% Not approved · of votes cast

FOR 18%AGAINST
FOR: 178,018,946AGAINST: 790,567,899
Details: description as filed, official tally, votes by 245 asset managers

Description as filed by funds: Shareholder Proposal - Report on Risks Related to Biodiversity and Nature Loss.

PEPSICO INC.’s own tally for this item (“Proposal 9: The shareholders voted against a shareholder proposal regarding a report on risks related to biodiversity and nature loss:”): 178,018,946 for, 790,567,899 against — failed, per its Form 8-K filed May 3, 2024 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “(9) The shareholders voted against a shareholder proposal regarding a report on risks related to biodiversity and nature loss:”
Support: 18% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 245 asset managers below reported 11,207,127 for, 335,918,666 against, 2,343,486 abstained, 4,781 not voted, 11,155 unknown.

AGAINST
FOR: 11,207,127AGAINST: 335,918,666ABSTAIN: 2,343,486UNKNOWN: 11,155NOT VOTED: 4,781
Largest asset managers voting on “Shareholder Proposal - Report on Risks Related to Biodiversity and Nature Loss.” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard0135,882,107 00Against
BlackRock15,94939,687,601 00Against
Fidelity401,87331,284,732 00Against
Charles Schwab019,140,095 00Against
State Street2,80513,263,195 00Against
JPMorgan09,761,599 00Against
Capital Group06,933,295 00Against
TIAA06,028,110 00Against
MFS05,879,265 00Against
Dimensional05,577,447 00Against
Invesco05,184,369 00Against
Jensen Quality Growth Fund Inc03,716,000 00Against
INVESTMENT CO OF AMERICA03,571,607 00Against
FRANKLIN MANAGED TRUST03,223,083 00Against
Franklin Custodian Funds2,500,000615,845 00Mixed
T. Rowe Price03,025,525 00Against
Columbia Threadneedle02,881,045 00Against
ProShares02,673,526 00Against
American Century02,227,103 00Against
MASTER INVESTMENT PORTFOLIO02,177,405 00Against
WisdomTree02,095,447 00Against
AMG FUNDS01,945,000 00Against
Jackson National40,0001,892,926 00Against
First Trust01,851,690 00Against
Victory Capital1,622,8620 11,4510For

Showing the 25 largest of 245 asset managers. See all 245 in the interactive database.

25. Proposal 7: The shareholders voted against a shareholder proposal regarding a director election resignation bylaw:

Official resultCORPORATE GOVERNANCEReported outcome: Not approved

Combines 6 wordings of this item as funds reported it.

18% Not approved · of votes cast

FOR 18%AGAINST
FOR: 176,880,527AGAINST: 812,849,879
Details: description as filed, official tally, votes by 244 asset managers

Description as filed by funds: Shareholder Proposal - Director Election Resignation Bylaw.

PEPSICO INC.’s own tally for this item (“Proposal 7: The shareholders voted against a shareholder proposal regarding a director election resignation bylaw:”): 176,880,527 for, 812,849,879 against — failed, per its Form 8-K filed May 3, 2024 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “(7) The shareholders voted against a shareholder proposal regarding a director election resignation bylaw:”
Support: 18% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 244 asset managers below reported 39,566,100 for, 309,497,272 against, 204,021 abstained, 4,281 not voted, 11,155 unknown.

AGAINST
FOR: 39,566,100AGAINST: 309,497,272ABSTAIN: 204,021UNKNOWN: 11,155NOT VOTED: 4,281
Largest asset managers voting on “Shareholder Proposal - Director Election Resignation Bylaw.” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard205,599135,676,508 00Against
BlackRock29,92239,673,628 00Against
Fidelity4,206,09827,480,507 00Mixed
Charles Schwab19,140,0950 00For
State Street46813,265,532 00Against
JPMorgan09,761,599 00Against
Capital Group06,933,295 00Against
TIAA06,028,110 00Against
MFS05,879,265 00Against
Dimensional05,577,447 00Against
Invesco05,184,369 00Against
Jensen Quality Growth Fund Inc03,716,000 00Against
INVESTMENT CO OF AMERICA03,571,607 00Against
FRANKLIN MANAGED TRUST3,223,0830 00For
Franklin Custodian Funds615,8452,500,000 00Mixed
T. Rowe Price03,025,525 00Against
Columbia Threadneedle02,881,045 00Against
ProShares02,673,526 00Against
American Century02,227,103 00Against
MASTER INVESTMENT PORTFOLIO02,177,405 00Against
WisdomTree02,095,447 00Against
AMG FUNDS1,945,0000 00For
Jackson National01,932,926 00Against
First Trust01,851,690 00Against
Victory Capital01,634,313 00Against

Showing the 25 largest of 244 asset managers. See all 244 in the interactive database.

26. Proposal 12: The shareholders voted against a shareholder proposal regarding a global transparency report:

Official resultOTHER SOCIAL ISSUESReported outcome: Not approved

Combines 6 wordings of this item as funds reported it.

15% Not approved · of votes cast

FOR 15%AGAINST
FOR: 146,027,052AGAINST: 831,047,798
Details: description as filed, official tally, votes by 236 asset managers

Description as filed by funds: Shareholder Proposal - Global Transparency Report.

PEPSICO INC.’s own tally for this item (“Proposal 12: The shareholders voted against a shareholder proposal regarding a global transparency report:”): 146,027,052 for, 831,047,798 against — failed, per its Form 8-K filed May 3, 2024 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “(12) The shareholders voted against a shareholder proposal regarding a global transparency report:”
Support: 15% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 236 asset managers below reported 8,835,154 for, 295,415,715 against, 2,720,616 abstained, 4,781 not voted, 51,276 unknown.

AGAINST
FOR: 8,835,154AGAINST: 295,415,715ABSTAIN: 2,720,616UNKNOWN: 51,276NOT VOTED: 4,781
Largest asset managers voting on “Shareholder Proposal - Global Transparency Report.” at PEPSICO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard0135,882,107 00Against
Fidelity031,686,605 00Against
Charles Schwab019,140,095 00Against
State Street2,80513,263,195 00Against
JPMorgan09,761,599 00Against
Capital Group06,933,295 00Against
TIAA06,028,110 00Against
MFS05,879,265 00Against
Dimensional05,577,447 00Against
Invesco05,184,369 00Against
Jensen Quality Growth Fund Inc03,716,000 00Against
INVESTMENT CO OF AMERICA03,571,607 00Against
FRANKLIN MANAGED TRUST03,223,083 00Against
Franklin Custodian Funds2,500,000615,845 00Mixed
T. Rowe Price03,025,525 00Against
Columbia Threadneedle02,881,045 00Against
ProShares02,673,526 00Against
American Century02,227,103 00Against
WisdomTree02,095,447 00Against
AMG FUNDS01,945,000 00Against
Jackson National40,0001,892,926 00Against
First Trust01,851,690 00Against
Victory Capital1,622,86211,451 00For
CITY NATIONAL ROCHDALE FUNDS01,448,969 00Against
DIAMOND HILL FUNDS00 1,402,7350Abstain

Showing the 25 largest of 236 asset managers. See all 236 in the interactive database.

Not shown here: this season’s fund filings also report 1 item from the meeting of May 7, 2025, which belongs to the 2024-2025 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.

Largest PEPSICO INC. shareholders voting in 2023-2024

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 1,374,785,980 shares outstanding at the time of that meeting.

Fund voting reports: top PEPSICO INC. shareholders by shares voted on “Ratification of appointment of KPMG LLP as our independent registered public accounting firm…”, 2023-2024
#Asset manager % of shares outstanding
1Vanguard 9.88%
2BlackRock 2.89%
3Fidelity 2.30%
4Charles Schwab 1.39%
5State Street 0.96%
6JPMorgan 0.71%
7Capital Group 0.50%
8TIAA 0.44%
9MFS 0.43%
10Dimensional 0.41%
Institutional-manager reports: top PEPSICO INC. shareholders by shares voted on “Advisory approval of the Company's executive compensation.”, 2023-2024
#Asset manager % of shares outstanding
1OAK RIDGE INVESTMENTS LLC 3.56%
2BlackRock 3.54%
3State Street 2.59%
4Baron Financial Group, LLC 2.25%
5GEODE CAPITAL MANAGEMENT, LLC 2.09%
6Charles Schwab 1.40%
7Wellington 0.84%
8Capital Research Global Investors 0.77%
9MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.72%
10CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0.68%

Reported PEPSICO INC. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

PEPSICO INC. holdings and ownership disclosed for the 2023-2024 proxy season
Holder % outstanding Disclosure
The Vanguard Group 9.55% DEF14A
BlackRock, Inc. 8.14% DEF14A
State Street 3.96% 13F
JPMorgan Chase 2.30% 13F
Geode Capital 2.12% 13F
Morgan Stanley 1.81% 13F
Charles Schwab 1.48% 13F
Northern Trust 1.14% 13F
Norges Bank 1.03% 13F
BNY Mellon 1.03% 13F

Percentages above are of 1,374,785,980 shares outstanding, as reported by PEPSICO INC. on its Form 10-Q dated April 16, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from PEPSICO INC.’s 10-Q dated April 16, 2024. This page is a static snapshot rebuilt weekly on October 13, 2026; a live search always shows the current data.

At PEPSICO INC.'s shareholder meeting held May 1, 2024, in the 2023-2024 proxy season, 1,586 asset managers reported how they voted on 26 ballot items in their SEC Form N-PX filings, covering 34,189 separate fund positions. On the most widely held item on that ballot — Advisory approval of the Company's executive compensation. — PEPSICO INC.'s filing reports the proposal as approved, with 90% support of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: PEPSICO INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 3, 2024.

PEPSICO INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.

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