5 Top Shareholders of PepsiCo (PEP)

Headquartered in Purchase, N.Y., PepsiCo Inc. (PEP) is one of the world’s largest food and beverage companies, with a market cap of $192.6 billion as of Oct. 22, 2020. The company had over 267,000 employees worldwide as of Dec. 28, 2019.

Incorporated in 1919, the company’s broad portfolio of brands generates more than $2 billion each in annual global retail sales and more than $67 billion in annual net revenue.

Some of the world’s most recognizable and successful brands, such as Quaker, Tropicana, Gatorade, Frito-Lay, and Pepsi-Cola, comprise the company’s main business. Five of the top individual shareholders of PepsiCo are current or former members of the company's senior leadership.

Key Takeaways

  • The top individual shareholders for PepsiCo include various executives, including past CEOs.
  • Former CEO Indra Nooyi owned 1.47 million shares in March 2019.
  • Meanwhile, other former high-level executives Albert Carey and Thomas Greco have also been major shareholders.
  • One of the largest individual shareholders of Pepsico, Bob Pohlad, is on the board of directors and runs various investments in several Minneapolis-based businesses.

1. Indra Nooyi

Indra Nooyi joined PepsiCo in 1994 as senior vice president of strategic planning. After holding several other senior positions in management, she was named CEO in 2006 and chairperson in 2007. 

Nooyi restructured the company as part of her strategy to become much more than a soda company. She orchestrated the divestiture of its restaurants into Yum! Brands Inc. (YUM), the acquisition of Tropicana, and the merger with Quaker Oats and Gatorade.

As of March 2019, Indra Nooyi was the largest single shareholder of PepsiCo., with 1.47 million shares. On Aug. 6, 2018, Nooyi stepped down from her executive position, effective October 2018. In early 2019, she also stepped down as chair. She was succeeded by the company's president, Ramon Laguarta.

2. Bob Pohlad

Bob Pohlad, along with his brothers Jim and Bill, owns and manages a diversified group of over 30 Minneapolis-based businesses and belongs to one of the richest families in Minnesota.

The Pohlad interests include car dealerships, real estate, finance, radio, motion pictures, and full ownership of the Minnesota Twins Major League Baseball franchise. Bob was the chair and CEO of the family’s PepsiAmericas Inc. until PepsiCo acquired the Minnesota bottling company in February 2010.

Pohlad oversees the family’s automotive and real estate companies and was elected to the board of directors of PepsiCo in March 2015. As of March 2020, Bob Pohlad held 1.15 million shares of PepsiCo.

3. Albert Carey

Albert Carey joined PepsiCo in 1981 and was the CEO of PepsiCo North America until his retirement in March 2019. Carey held numerous positions within the company such as leading North America Beverages, Frito-Lay North America, and Quaker Foods North America.

Carey is on the board of directors of The Home Depot, Inc. (HD) and The Food Marketing Institute and is also on the board of trustees, and the dean's advisory council of the Robert H. Smith School of Business at the University of Maryland. As of March 2019, Carey held 312,688 shares of PepsiCo. 

4. Hugh Johnston

Hugh Johnston has been with PepsiCo since 1987, serving in several leadership roles, such as the executive vice president. He was named chief financial officer (CFO) in 2010 and leads the company’s financial strategy, capital structure, and forecasting models.

Johnston was named vice chair in 2015, overseeing the company’s e-commerce and information technology systems, and strengthening the company’s overall digital presence. According to his latest SEC filing from March 2020, Johnston held 119.083 shares of PepsiCo.

5. Thomas Greco

Thomas Greco had been with PepsiCo for 30 years when he left and joined Advance Auto Parts, Inc. as its CEO and President in April 2016. Greco served as the CEO and President of Frito-Lay North America, Inc. from September 2011 to March 2016. As of his last SEC filing in March 2016, Greco had 147,922 shares of PepsiCo.

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  13. PepsiCo. "Hugh F. Johnston Vice Chairman and Chief Financial Officer."


  15. US Securities and Exchange Commission. "Form-10K: PepsiCo," Page 28.

  16. U.S. Securities and Exchange Commission. "Advance Auto Parts Names Thomas Greco CEO."

  17. PepsiCo. "United States Securities and Exchange Commission: Statement of Changes In Beneficial Ownership, Greco."

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