Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response... 0.5
	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 ^*

Flavell David

2. Date of Event Requiring Statement (MM/DD/YYYY) 3/1/2021

3. Issuer Name and Ticker or Trading Symbol

PEPSICO INC [PEP]

(Last) (First) (Middle)

PEPSICO, INC., 700 ANDERSON HILL ROAD

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director _____ 10% Owner
___X___ Officer (give title below) _____ Other (specify below)
EVP, Gen Counsel & Corp Sec /

(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	29207 ⁽¹⁾	D

*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)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:

(1)

This number includes 1) 15,606 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 at various dates through Mar. 1, 2023; vesting of all RSUs is contingent upon the reporting person's continued employment with PEP); 2) 1,609 performance based-restricted stock units ("PSUs") granted in 2018, 1,659 PSUs granted in 2019 & 1,933 PSUs granted in 2020 as a portion of the reporting person's compensation from PEP (PSUs vest at various dates through Mar. 1, 2023 contingent upon the achievement of pre-established performance targets over a 3-year performance period & Compensation Committee approval; the reporting person may receive a number of shares of PEP Common Stock from 0-175% of the 2018 & 2019 PSUs granted & 0-200% of the 2020 PSUs granted, depending on the performance level achieved); and 3) 8,400 shares of PEP Common Stock held in a personal brokerage acct

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Flavell David PEPSICO, INC., 700 ANDERSON HILL ROAD PURCHASE, NY 10577			EVP, Gen Counsel & Corp Sec