<SEC-DOCUMENT>0000000000-22-009788.txt : 20230316
<SEC-HEADER>0000000000-22-009788.hdr.sgml : 20230316
<ACCEPTANCE-DATETIME>20220908153002
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-22-009788
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20220908

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PEPSICO INC
		CENTRAL INDEX KEY:			0000077476
		STANDARD INDUSTRIAL CLASSIFICATION:	BEVERAGES [2080]
		IRS NUMBER:				131584302
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1230

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		700 ANDERSON HILL RD
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577
		BUSINESS PHONE:		9142532000

	MAIL ADDRESS:	
		STREET 1:		700 ANDERSON HILL ROAD
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577-1444

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PEPSI COLA CO
		DATE OF NAME CHANGE:	19700903
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
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<FILENAME>filename2.txt
<TEXT>
United States securities and exchange commission logo





                              September 8, 2022

       Hugh F. Johnston
       Chief Financial Officer
       PepsiCo, Inc.
       700 Anderson Hill Road
       Purchase, NY 10577

                                                        Re: PepsiCo, Inc.
                                                            Definitive Proxy
Statement on Schedule 14A
                                                            Filed March 24,
2022
                                                            File No. 001-01183

       Dear Mr. Johnston:

             We have limited our review of your most recent definitive proxy
statement to those issues
       we have addressed in our comments.

               Please respond to these comments by confirming that you will
enhance your future proxy
       disclosures in accordance with the topics discussed below as well as any
material developments
       to your risk oversight structure. For guidance, refer to Item 407(h) of
Regulation S-K.

       Definitive Proxy Statement on Schedule 14A filed March 24, 2022

       General

   1.                                                   Please expand your
discussion to address how the experience of your Presiding Director is
                                                        brought to bear in
connection with your board   s role in risk oversight.
   2.                                                   Please expand upon the
role that your Presiding Director plays in the leadership of the
                                                        board. For example,
please enhance your disclosure to address whether or not
                                                        your Presiding Director
may:

                                                              represent the
board in communications with shareholders and other stakeholders;
                                                              require board
consideration of, and/or override your CEO on, any risk matters; or
                                                              provide input on
design of the board itself.
   3.                                                   Please expand upon how
your board administers its risk oversight function. For example,
                                                        please disclose:

                                                              why your board
elected to retain direct oversight responsibility for cybersecurity risk
                                                            rather than assign
oversight to a board committee;
 Hugh F. Johnston
PepsiCo, Inc.
September 8, 2022
Page 2
                the timeframe over which you evaluate risks (e.g., short-term,
intermediate-term, or
              long-term) and how you apply different oversight standards based
upon the
              immediacy of the risk assessed;
                whether you consult with outside advisors and experts to
anticipate future threats and
              trends, and how often you re-assess your risk environment;
                how the board interacts with management to address existing
risks and identify
              significant emerging risks;
                to whom your Global Chief Compliance & Ethics Officer reports;
and
                how your risk oversight process aligns with your disclosure
controls and procedures.

        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

      Please contact Christopher Dunham at (202) 551-3783 or Amanda Ravitz at
(202) 551-
3412 with any questions.



FirstName LastNameHugh F. Johnston                             Sincerely,
Comapany NamePepsiCo, Inc.
                                                               Division of
Corporation Finance
September 8, 2022 Page 2                                       Disclosure
Review Program
FirstName LastName
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
