
PepsiCo has a long history of stock splits, with the first one occurring in 1970. This split resulted in a 2-for-1 ratio, doubling the number of shares outstanding.
In 1976, PepsiCo completed its next stock split, this time with a 3-for-2 ratio. This split increased the total number of shares by 50%.
PepsiCo's stock split history is a reflection of the company's growth and success over the years. The company has consistently grown its business and rewarded shareholders with increased value.
The company's dividend history is also noteworthy, with the first dividend payment made in 1965.
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PepsiCo Stock Split History
PepsiCo has split its stock just four times in its trading history, with three of those moves occurring as 3-for-1 splits and the fourth one being a 2-for-1 trade.
The first stock split was on May 31, 1977, which was a 3-for-1 split. This was followed by another 3-for-1 split on May 29, 1986, and then another on September 5, 1990. The most recent stock split was on May 29, 1996, which was a 2-for-1 trade.
Here is a summary of PepsiCo's stock split history:
PepsiCo Stock Split History Overview

PepsiCo has a relatively low number of stock splits in its history, with only four splits occurring since its inception.
The first stock split happened on May 31, 1977, as a 3-for-1 split.
PepsiCo has split its stock three times as a 3-for-1 ratio, with the first being on May 31, 1977, the second on May 29, 1986, and the third on September 5, 1990.
The most recent stock split was a 2-for-1 trade on May 29, 1996.
Here is a summary of PepsiCo's stock split history:
PepsiCo's stock split history is a testament to the company's steady growth and success over the years.
When Is the Next Split?
Over 20 years have passed since Pepsi's last stock split.
Pepsi's share price has increased substantially over that time, making the case for a split more compelling.
Pepsi's stock was in the $30s immediately following the last split and has just recently crossed the $100 mark to set a new all-time high.

The relative gap between Pepsi and its rival Coca-Cola points to a split in the not-too-distant future.
Shares are priced at more than double Coca-Cola's per-share amount despite the fact that the beverage specialist has a heftier market capitalization.
A split is not the only consideration for investors, as Pepsi's operating results will ultimately determine the return for investors over the next 20 years.
Shareholders should focus on key operating metrics like organic sales growth, gross profit margin, and market share.
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PepsiCo Stock Information
PepsiCo has split its stock just four times in its trading history, making it a relatively rare occurrence for the company.
The company's stock has seen incredible growth, with a return of nearly 7,000% since the early 1970s, compared to a 1,900% return for the S&P 500.
This means long-term investors have accumulated a significant amount of shares, with an investor who purchased 1,000 shares of Pepsi before May 31, 1977, owning 54,000 shares today.
PepsiCo has used 3-for-1 splits three times and a 2-for-1 split once in its history, contributing to this impressive growth.
Adding dividends to the mix, Pepsi's return nearly doubles to almost 12,000%, making it an attractive investment option for long-term investors.
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PepsiCo Payout Ratio

The payout ratio is a critical metric for investors to understand when it comes to PepsiCo's stock performance.
PepsiCo's payout ratio has fluctuated over the years, ranging from 34.73% in 2006 to 93.99% in 2017.
The payout ratio is a percentage that represents the portion of earnings paid out as dividends. In 2018, PepsiCo's payout ratio dropped to 40.86%.
PepsiCo's payout ratio has been relatively high in recent years, with a peak of 78.72% in 2020.
Here's a breakdown of PepsiCo's payout ratio from 2005 to 2030e:
Some of the largest shareholders of PepsiCo include The Vanguard Group, Inc., BlackRock Institutional Trust Company, N.A., and State Street Global Advisors (US), each holding over 10% of the company's stocks.
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Sources
- https://www.fool.com/investing/2016/09/28/pepsico-incs-stock-split-history.aspx
- https://trendlyne.com/us/equity/corporate-actions/PEP/1554551/pepsico-inc/
- https://stockanalysis.com/stocks/pep/statistics/
- https://eulerpool.com/en/stock/PepsiCo-Stock-US7134481081
- https://www.macroaxis.com/stock-analysis/PEP/PepsiCo
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