FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * Krishnan Ramkumar 2. Date of Event Requiring Statement (MM/DD/YYYY)
1/1/2022 

3. Issuer Name and Ticker or Trading Symbol PEPSICO INC [PEP]
(Last)       (First)       (Middle)
PEPSICO, INC., 700 ANDERSON ROAD
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                          _____ 10% Owner
___X___ Officer (give title below)        _____ Other (specify below)
CEO Intl Beverages & CCO /
(Street)
PURCHASE, NY 10577      
(City)             (State)             (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

6. Individual or Joint/Group Filing(Check Applicable Line)_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
PepsiCo, Inc. Common Stock  43872 (1) D   
PepsiCo, Inc. Common Stock  3250  I  By Revocable Trust 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy)  3/1/2017  2/29/2024  PepsiCo, Inc. Common Stock  6723  $89.25  D   
Phantom Stock Units   (2)  (2) PepsiCo, Inc. Common Stock  2379.4472   (3) D   

Explanation of Responses:
(1)  This number includes 1) 3,879 restricted stock units ("RSUs") granted as a portion of the reporting person's compensation from PepsiCo, Inc. ("PEP") (RSUs are calculated on a one unit for one share basis; RSUs vest on March 1, 2022; vesting of all RSUs is contingent upon the reporting person's continued employment with PEP); 2) 3,923 performance-based restricted stock units ("PSUs") granted in 2019, 15,086 PSUs granted in 2020 and 15,086 PSUs granted in 2021 as a portion of the reporting person's compensation from PEP (PSUs vest at various dates through March 1, 2024 contingent upon the achievement of pre-established performance targets over a 3-year performance period and Compensation Committee approval; the reporting person may receive a number of shares of PEP Common Stock from 0-175% of the 2019 PSUs and 0-200% of the 2020 and 2021 PSUs granted, depending on the performance level achieved); and 3) 5,898 shares of PEP Common Stock held in a personal brokerage account.
(2)  This security is payable pursuant to the reporting person's election and the terms of the PepsiCo Executive Income Deferral Program (the "EID").
(3)  Represents units under the EID, each of which is the economic equivalent of one share of PEP Common Stock.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Krishnan Ramkumar
PEPSICO, INC.
700 ANDERSON ROAD
PURCHASE, NY 10577


CEO Intl Beverages & CCO

Signatures
/s/ Cynthia A. Nastanski, Attorney-in-Fact 1/11/2022
**Signature of Reporting Person Date
PepsiCo (NASDAQ:PEP)
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