PepsiCo, Inc.
US ˙ NasdaqGS ˙ US7134481081

SecurityPEP / PepsiCo, Inc.
InstitutionWelch Group, LLC
Latest Disclosed Ownership339,979 shares
Latest Disclosed Value $ 52,795,333
Welch Group, LLC reports 4.04% increase in ownership of PEP / PepsiCo, Inc.

On April 21, 2026 - Welch Group, LLC filed a 13F-HR form disclosing ownership of 339,979 shares of PepsiCo, Inc. (US:PEP) valued at $52,795,339 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 326,764 shares of PepsiCo, Inc.. This represents a change in shares of 4.04% during the quarter. The current value of the position is $48,249,820 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-21 2026-03-31 13F PEPSICO COMMON 713448108 339,979 13,215 4.04 52,795 12.58 1.9833
2026-01-26 2025-12-31 13F PEPSICO COMMON STOCK 713448108 326,764 -3,417 -1.03 46,897 1.14 1.8078
2025-10-14 2025-09-30 13F PEPSICO COMMON 713448108 330,181 -33,688 -9.26 46,371 -3.49 1.8103
2025-07-25 2025-06-30 13F PEPSICO COMMON 713448108 363,869 13,163 3.75 48,045 -8.22 2.0077
2025-04-08 2025-03-31 13F PEPSICO COMMON 713448108 350,706 34,866 11.04 52,350 9.24 2.3025
2025-01-27 2024-12-31 13F PEPSICO COMMON 713448108 315,840 2,729 0.87 47,919 -10.00 2.1580
2024-10-24 2024-09-30 13F PEPSICO COMMON 713448108 313,111 7,461 2.44 53,244 5.62 2.3146
2024-07-17 2024-06-30 13F PEPSICO COMMON 713448108 305,650 5,739 1.91 50,411 -3.96 2.4222
2024-04-09 2024-03-31 13F PEPSICO COMMON 713448108 299,911 10,350 3.57 52,487 6.73 2.6030
2024-01-23 2023-12-31 13F PEPSICO Common 713448108 289,561 6,494 2.29 49,179 2.54 2.6486
2023-10-18 2023-09-30 13F PEPSICO Common 713448108 283,067 1,076 0.38 47,963 -8.17 2.8416
2023-07-18 2023-06-30 13F PEPSICO Common 713448108 281,991 -1,617 -0.57 52,230 1.02 2.9942
2023-04-13 2023-03-31 13F PEPSICO Common 713448108 283,608 -1,525 -0.53 51,702 0.37 3.0056
2023-01-30 2022-12-31 13F PEPSICO Common 713448108 285,133 1,179 0.42 51,512 11.12 2.9468
2022-10-13 2022-09-30 13F PEPSICO COMMON 713448108 283,954 3,446 1.23 46,358 -0.84 3.0177
2022-07-21 2022-06-30 13F PEPSICO COMMON 713448108 280,508 3,273 1.18 46,749 0.74 2.8529
2022-04-29 2022-03-31 13F PEPSICO COMMON 713448108 277,235 5,344 1.97 46,404 -1.75 2.6490
2022-01-26 2021-12-31 13F PEPSICO COMMON 713448108 271,891 6,094 2.29 47,230 18.14 2.7628
2021-11-05 2021-09-30 13F PEPSICO COMMON 713448108 265,797 1,769 0.67 39,979 2.19 2.7067
2021-07-21 2021-06-30 13F PEPSICO COMMON 713448108 264,028 3,200 1.23 39,121 6.04 2.6673
2021-04-23 2021-03-31 13F PEPSICO COMMON 713448108 260,828 13,280 5.36 36,894 0.50 2.6558
2021-01-25 2020-12-31 13F PEPSICO Common 713448108 247,548 2,817 1.15 36,711 8.23 2.9444
2020-10-28 2020-09-30 13F PEPSICO Common 713448108 244,731 5,196 2.17 33,920 7.07 2.9633
2020-07-22 2020-06-30 13F PEPSICO Common 713448108 239,535 2,783 1.18 31,681 11.42 2.9597
2020-04-28 2020-03-31 13F PEPSICO Common 713448108 236,752 11,581 5.14 28,434 -7.60 3.0335
2020-01-24 2019-12-31 13F Pepsico Common 713448108 225,171 251 0.11 30,774 -0.20 3.0280
2019-11-05 2019-09-30 13F Pepsico Common 713448108 224,920 -3,056 -1.34 30,837 3.15 3.1674
2019-07-11 2019-06-30 13F Pepsico Common 713448108 227,976 -3,843 -1.66 29,895 5.23 3.1904
2019-04-15 2019-03-31 13F Pepsico Common 713448108 231,819 2,998 1.31 28,409 12.38 3.1274
2019-01-10 2018-12-31 13F Pepsico Common 713448108 228,821 2,224 0.98 25,280 -0.21 3.0971
2018-11-01 2018-09-30 13F Pepsico Common 713448108 226,597 8,805 4.04 25,334 6.84 2.6386
2018-07-30 2018-06-30 13F Pepsico Common 713448108 217,792 10,695 5.16 23,711 4.89 2.9534
2018-04-23 2018-03-31 13F Pepsico Common 713448108 207,097 47,663 29.90 22,605 18.23 2.8623
2018-02-01 2017-12-31 13F Pepsico Common 713448108 159,434 3,364 2.16 19,119 9.94 2.9658
2017-11-07 2017-09-30 13F Pepsico Common 713448108 156,070 -758 -0.48 17,391 -3.98 2.9075
2017-08-07 2017-06-30 13F Pepsico Common 713448108 156,828 8,151 5.48 18,112 8.91 3.0209
2017-05-01 2017-03-31 13F Pepsico Common 713448108 148,677 2,778 1.90 16,631 8.95 3.1301
2017-02-09 2016-12-31 13F Pepsico Common 713448108 145,899 2,283 1.59 15,265 -2.28 2.9838
2016-10-28 2016-09-30 13F Pepsico Common 713448108 143,616 1,632 1.15 15,621 3.85 3.1043
2016-07-27 2016-06-30 13F Pepsico Common 713448108 141,984 -36,282 -20.35 15,042 -17.66 3.0632
2016-05-05 2016-03-31 13F Pepsico Common 713448108 178,266 2,803 1.60 18,269 4.20 3.0505
2016-01-21 2015-12-31 13F Pepsico Common 713448108 175,463 770 0.44 17,532 6.42 3.1480
2015-10-23 2015-09-30 13F Pepsico COM 713448108 174,693 4,245 2.49 16,474 3.54 3.1840
2015-07-31 2015-06-30 13F Pepsico Common 713448108 170,448 2,584 1.54 15,910 -0.88 3.0119
2015-04-29 2015-03-31 13F Pepsico Common 713448108 167,864 3,816 2.33 16,051 3.47 2.9467
2015-01-20 2014-12-31 13F Pepsico Common 713448108 164,048 3,513 2.19 15,512 3.80 2.9919
2014-10-29 2014-09-30 13F Pepsico Common 713448108 160,535 3,146 2.00 14,944 6.28 3.0889
2014-07-22 2014-06-30 13F Pepsico Common 713448108 157,389 4,661 3.05 14,061 10.26 2.9118
2014-04-23 2014-03-31 13F Pepsico COM 713448108 152,728 4,563 3.08 12,753 3.78 2.8881
2014-02-07 2013-12-31 13F Pepsico Common 713448108 148,165 3,139 2.16 12,289 6.58 2.7861
2013-10-04 2013-09-30 13F Pepsico Common 713448108 145,026 3,840 2.72 11,530 -0.16 2.8341
2013-07-29 2013-06-30 13F Pepsico Common 713448108 141,186 141,186 11,548 2.9979
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.