Home / Companies / PEPSICO, INC. / 7 May 2025
PEPSICO, INC.: meeting of 7 May 2025
Votes reported on Form N-PX, item by item
1,982 Form N-PX filers reported votes at the PEPSICO, INC. meeting of 7 May 2025. Their records fall into 9 items below, in ballot order: management items first, then proposals from security holders. Each bar shows how the reporting filers split; it is not the result of the meeting.
foragainstabstain, withhold or otheramber tick: the portion cast against management
Items
DIRECTOR ELECTIONSIssuer
Director elections
15 nominees; 96.3% of reported votes for; 65 filers withheld from or voted against at least one nominee.
17,740 vote records from 443 filers. 9 of the 439 filers that marked the item either way voted against management. 4 filers reported this item without a management mark.
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
3,652 vote records from 1,953 filers. 201 of the 1,900 filers that marked the item either way voted against management. 53 filers reported this item without a management mark.
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
1,187 vote records from 437 filers. 20 of the 433 filers that marked the item either way voted against management. 4 filers reported this item without a management mark.
COMPENSATIONIssuer
COMPENSATION: management items
Management items in this category are shown together; filers word and number them differently.
92 vote records from 24 filers. 1 of the 23 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
DIVERSITY, EQUITY, AND INCLUSIONSecurity holder
Shareholder Proposal - Third-Party Racial Equity Audit.
1,138 vote records from 411 filers. 81 of the 404 filers that marked the item either way voted against management. 7 filers reported this item without a management mark.
ENVIRONMENT OR CLIMATESecurity holder
Shareholder Proposal - Report on Risks Related to Biodiversity and Nature Loss.
1,104 vote records from 410 filers. 62 of the 402 filers that marked the item either way voted against management. 8 filers reported this item without a management mark.
OTHER SOCIAL ISSUESSecurity holder
Shareholder Proposal - Third-Party Assessment on Non-Sugar Sweetener Risks.
1,121 vote records from 414 filers. 50 of the 408 filers that marked the item either way voted against management. 6 filers reported this item without a management mark.
ENVIRONMENT OR CLIMATESecurity holder
Shareholder Proposal - Sustainable Packaging Policies for Plastics.
1,122 vote records from 415 filers. 62 of the 408 filers that marked the item either way voted against management. 7 filers reported this item without a management mark.
Several categoriesSecurity holder
Shareholder proposals (not separable from the filings)
Filers described these proposals in wordings that could not be matched to one another, so they are shown together.
176 vote records from 21 filers. 9 of the 20 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
How the largest families voted
| Family | 1. Directors | 2. Say-on-pay | 3. Auditor | 5. Proposal | 6. Proposal | 7. Proposal | 8. Proposal |
|---|---|---|---|---|---|---|---|
| Vanguard | For | For | For | Against | Against | Against | Against |
| BlackRock and iShares | For | For | For | Against | Against | Against | Against |
| Fidelity | For | For | For | Against | Against | Against | Against |
| Dimensional | For | For | For | Against | Against | Against | Against |
| State Street and SPDR | For | For | For | Against | Against | Against | Against |
| American Century | For | For | For | Against | Against | Against | Against |
| Franklin Templeton | For | For | For | Against | Against | Against | Against |
| Invesco | For | For | For | Against | Against | Against | Against |
| Equitable | For | For | For | Against | For * | Against | Against |
| Charles Schwab | For | For | For | Against | Against | Against | Against |
| Nuveen and TIAA | For | For | For | Against | Against | Against | For * |
| ProShares and ProFunds | For | For | For | Against | Against | Against | Against |
| John Hancock and Manulife | For | For | For | Against | Against | Against | Against |
| Morgan Stanley, Eaton Vance and Calvert | For | Against * | For | For * | For * | Against | For * |
| J.P. Morgan | For | Against * | For | Against | Against | Against | Against |
| Goldman Sachs | For | For | For | Against | Against | Against | Against |
| WisdomTree | For | For | For | Against | Against | Against | Against |
| PGIM and Prudential | For | For | For | Against | Against | Against | Against |
| Jackson National funds | For | For | For | Against | Against | Against | Against |
| Northern Trust and FlexShares | For | For | For | Against | Against | Against | Against |
| SEI | For | For | For | For * | Against | Against | Against |
| T. Rowe Price | For | For | For | Against | Against | Against | Against |
| Thrivent | For | For | For | Against | Against | Against | Against |
| Lincoln Financial | For | For | For | Against | Against | Against | Against |
| Voya | For | For | For | Against | Against | Against | Against |
| First Trust | For | For | For | Against | Against | Against | Against |
| Russell Investments | For | For | For | For * | Against | Against | Against |
| Nationwide | For | For | For | Against | Against | Against | Against |
| Victory Capital | For | For | For | Against | Against | Against | Against |
| Brighthouse Funds | For | For | For | Against | Against | Against | Against |
| Guggenheim and Rydex | For | For | For | Against | Against | Against | Against |
| Columbia Threadneedle | For | For | For | Abstain or withhold * | Against | Against | Against |
| BNY Mellon | For | For | For | Against | Against | Against | Against |
| Principal | For | For | For | Against | Against | Against | Against |
| Capital Group and American Funds | For | For | For | Against | Against | Against | Against |
| Pacific Life funds | For | For | For | Against | Against | Against | Against |
| Global X | For | For | For | No report | No report | No report | No report |
| MFS | For | For | For | Against | Against | Against | Against |
| Transamerica | For | For | For | Against | Against | Against | Against |
| Federated Hermes | For | For | For | Against | Against | Against | Against |
| AllianceBernstein | For | For | For | Against | For * | Against | Against |
| Hartford Funds | For | Against * | For | Against | Against | Against | Against |
| DWS | For | For | For | Against | Against | For * | Against |
| PIMCO | For | For | For | Against | Against | Against | Against |
| Allspring | For | For | For | Against | Against | Against | Against |
| MassMutual | For | For | For | Against | Against | Against | Against |
| Harbor Funds | For | For | For | Against | Against | Against | Against |
| Virtus | For | For | For | For | Against | No report | Against |
| VanEck | For | For | For | For * | Against | Against | Against |
| Macquarie and Delaware Funds | No report | For | No report | No report | No report | No report | No report |
| Janus Henderson | No report | For | No report | No report | No report | No report | No report |
| Neuberger Berman | No report | For | No report | No report | No report | No report | No report |
| American Beacon | For | For | For | Against | Against | Against | Against |
| Natixis and Loomis Sayles | For | For | For | Against | Against | Against | Against |
| Dodge & Cox | No report | For | No report | No report | No report | No report | No report |
| Harris Associates and Oakmark | No report | For | No report | No report | No report | No report | No report |
| Baird | No report | For | No report | No report | No report | No report | No report |
* against management. A family's position is the way most of its reported shares were voted across its filers; "split" means no single position led. "No report" means none of the family's filers listed the item.
Questions
How did large funds vote at the PEPSICO, INC. meeting?
1,982 Form N-PX filers reported votes at the meeting of 7 May 2025. On say-on-pay, 201 of 1,900 voted against management (10.6%). 4 proposals from security holders could be told apart in the filings. The family table lists each of the largest families item by item.
Is this the meeting result?
No. These are the votes of funds and managers that file Form N-PX, counted by filer and by the shares they reported. The certified result, which includes every shareholder, is reported by PEPSICO, INC. on Form 8-K.
Why are director elections shown as counts only?
Director records name the nominee. This site does not publish pages or rows about individuals, so for director elections it keeps the number of nominees and the split of votes and discards the wording.
Every meeting on file for PEPSICO, INC.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing PEPSICO, INC. with a meeting date within three days of 7 May 2025. Proposal titles are the most common wording among filers and are replaced by the SEC category where a wording could name a person. Not verified by the SEC. Filings read through 23 Sep 2026.