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PepsiCo shareholder proposals 2026
What shareholders asked PepsiCo to do, and how the funds holding Americans’ retirement savings voted on it: the funds in the 401(k) plans we index and the most widely held funds beyond them, with the filing behind every vote.
6 May 2026 · put on the ballot by shareholder · Workforce & human rights
Should PepsiCo assess the human rights risks its own operations create?
Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.
“Shareholder Proposal - Report on Human Rights Oversight.”
0 of 15 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Invesco QQQ Trust, Series 1 | AGAINST | 29,255,316 |
| Schwab U.S. Dividend Equity ETF | AGAINST | 20,249,713 |
| Vanguard Morningstar Value Index Fund | AGAINST | 12,630,509 |
| Vanguard Dividend Appreciation Index Fund | AGAINST | 7,398,294 |
| Vanguard High Dividend Yield Index Fund | AGAINST | 5,483,625 |
| State Street Consumer Staples Select Sector SPDR ETF | AGAINST | 4,809,356 |
| MFS Value Fund | AGAINST | 3,964,011 |
| Vanguard Consumer Staples Index Fund | AGAINST | 2,738,500 |
| Vanguard Dividend Growth Fund | AGAINST | 2,360,396 |
| Vanguard Equity Income Fund | AGAINST | 2,016,673 |
| ProShares S&P 500 Dividend Aristocrats ETF | AGAINST | 1,134,621 |
| Massachusetts Investors Growth Stock Fund | AGAINST | 169,076 |
| American Beacon Large Cap Value Fund | AGAINST | 77,277 |
| Disciplined Value Fund | AGAINST | 51,377 |
The same proposal was put to Microsoft, Meta Platforms, Palantir Technologies, Chevron, General Motors, Albertsons.
6 May 2026 · put on the ballot by shareholder · Social
Report Evaluating the Treatment of Animals within Supply Chain.
“Shareholder Proposal - Report Evaluating the Treatment of Animals within Supply Chain.”
0 of 7 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Schwab U.S. Dividend Equity ETF | AGAINST | 20,249,713 |
| Vanguard High Dividend Yield Index Fund | AGAINST | 5,483,625 |
| State Street Consumer Staples Select Sector SPDR ETF | AGAINST | 4,809,356 |
| MFS Value Fund | AGAINST | 3,964,011 |
| Vanguard Consumer Staples Index Fund | AGAINST | 2,738,500 |
| Vanguard Equity Income Fund | AGAINST | 2,016,673 |
| ProShares S&P 500 Dividend Aristocrats ETF | AGAINST | 1,134,621 |
6 May 2026 · put on the ballot by shareholder · Workforce & human rights
Should PepsiCo assess the human rights risks its own operations create?
Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.
“Shareholder Proposal - Report on Human Rights Oversight.”
0 of 5 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| iShares Core Dividend Growth ETF | AGAINST | 4,500,450 |
| iShares Core High Dividend ETF | AGAINST | 3,368,835 |
| iShares MSCI USA Min Vol Factor ETF | AGAINST | 1,462,663 |
| AMG Yacktman Fund | AGAINST | 1,200,000 |
| The MidCap Value Fund | AGAINST | 2,860 |
The same proposal was put to Microsoft, Meta Platforms, Palantir Technologies, Chevron, General Motors, Albertsons.
6 May 2026 · put on the ballot by shareholder · Social
Report Evaluating the Treatment of Animals within Supply Chain.
“Shareholder Proposal - Report Evaluating the Treatment of Animals within Supply Chain.”
0 of 4 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| iShares Core Dividend Growth ETF | AGAINST | 4,500,450 |
| iShares Core High Dividend ETF | AGAINST | 3,368,835 |
| AMG Yacktman Fund | AGAINST | 1,200,000 |
| The MidCap Value Fund | AGAINST | 2,860 |
6 May 2026 · put on the ballot by shareholder
Should the person who runs PepsiCo also chair the board that supervises them?
Shareholders asked the company to require that the chair of the board be an independent director rather than the chief executive, so that the body overseeing management is not led by the person being overseen.
“Shareholder Proposal - Independent Board Chair.”
1 of 1 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| AMG Yacktman Fund | FOR | 1,200,000 |
The same proposal was put to Amazon.com, Exxon Mobil, Wells Fargo, Verizon Communications, Chevron, Bank of America.
6 May 2026 · put on the ballot by shareholder
Should the person who runs PepsiCo also chair the board that supervises them?
Shareholders asked the company to require that the chair of the board be an independent director rather than the chief executive, so that the body overseeing management is not led by the person being overseen.
“Shareholder Proposal - Independent Board Chair.”
0 of 1 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Vanguard Consumer Staples Index Fund | AGAINST | 2,738,500 |
The same proposal was put to Amazon.com, Exxon Mobil, Wells Fargo, Verizon Communications, Chevron, Bank of America.
Vote these yourself
Say how you would have voted, then see what your own fund did. Open the ballot deck →