Institutional asset management firms and large global investment funds own the vast majority of PepsiCo shares, holding equity stakes on behalf of millions of individual retail investors, pension beneficiaries, and mutual fund participants. Prominent financial heavyweights such as The Vanguard Group and BlackRock Inc. consistently rank as the top institutional shareholders, collectively controlling significant percentages of the multinational beverage and snack corporation's total voting common stock and capitalization on public exchanges.