Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. PepsiCo's shares outstanding for the quarter that ended in Mar. 2026 was 1,368 Mil.
PepsiCo's quarterly shares outstanding
increased
from Dec. 2025 (1,367 Mil) to Mar. 2026 (1,368 Mil).
It means PepsiCoissued new shares from Dec. 2025 to Mar. 2026 .
PepsiCo's annual shares outstanding
declined
from Dec. 2024 (1,372 Mil) to Dec. 2025 (1,367 Mil).
It means PepsiCobought back shares from Dec. 2024 to Dec. 2025 .
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
PepsiCo Shares Outstanding (EOP) Related Terms
PepsiCo Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for PepsiCo's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XSWX:PEP vs MNST, KO, KDP: Shares Outstanding (EOP) Comparison
For the Beverages - Non-Alcoholic subindustry, PepsiCo's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PepsiCo Shares Outstanding (EOP) vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, PepsiCo's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where PepsiCo's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 1,368 Mil mean?
PepsiCo (XSWX:PEP) has a Shares Outstanding (EOP) of 1,368 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on PepsiCo and its competitors.
Is PepsiCo's Shares Outstanding (EOP) too high?
PepsiCo's current Shares Outstanding (EOP) is 1,368 Mil. Overall, PepsiCo has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does PepsiCo's Shares Outstanding (EOP) compare to MNST and KO?
PepsiCo's Shares Outstanding (EOP) of 1,368 Mil can be compared against companies in the Beverages - Non-Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Beverages - Non-Alcoholic company?
A good Shares Outstanding (EOP) depends on the Beverages - Non-Alcoholic industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on PepsiCo and its competitors. PepsiCo's current Shares Outstanding (EOP) is 1,368 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PepsiCo stock overvalued right now?
PepsiCo (XSWX:PEP) has a current Shares Outstanding (EOP) of 1,368 Mil. The stock's GF Value™ is CHF142.52, compared to a current price of CHF115.00 — trading 19.3% below its estimated fair value. The current Shares Outstanding (EOP) is 1,368 Mil. PepsiCo's overall GF Score™ is 90/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For PepsiCo (XSWX:PEP), the current Shares Outstanding (EOP) is 1,368 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PepsiCo (XSWX:PEP) Overvalued in 2026?
Based on GuruFocus' analysis, PepsiCo stock appears to be undervalued.
The current stock price of CHF115.00 is trading 19.3% below its estimated GF Value™ of CHF142.52.
Key valuation signals for XSWX:PEP:
Shares Outstanding (EOP): 1,368 Mil
GF Value™: CHF142.52 vs. price of CHF115.00 (19.3% below fair value)
No single metric tells the full story. See the XSWX:PEP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 58% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US, but uses bottlers overseas for beverages. International markets made up 41% of total sales and 46% of operating profits before corporate expenses in 2025.
90GF Score
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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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