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    <headerData>
        <submissionType>144</submissionType>
        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001759789</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
    </headerData>
    <formData>
        <issuerInfo>
            <issuerCik>0000077476</issuerCik>
            <issuerName>PEPSICO INC.</issuerName>
            <secFileNumber>001-01183</secFileNumber>
            <issuerAddress>
                <ns2:street1>700 ANDERSON HILL RD</ns2:street1>
                <ns2:city>PURCHASE</ns2:city>
                <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                <ns2:zipCode>10577</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>(914) 253-2000</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>RONALD SCHELLEKENS</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>8th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>3035</noOfUnitsSold>
            <aggregateMarketValue>500319.75</aggregateMarketValue>
            <noOfUnitsOutstanding>1374429271</noOfUnitsOutstanding>
            <approxSaleDate>03/12/2024</approxSaleDate>
            <securitiesExchangeName>NASDAQ</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>03/01/2024</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted stock vesting under a registered plan</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>3035</amountOfSecuritiesAcquired>
            <paymentDate>03/01/2024</paymentDate>
            <natureOfPayment>Services Rendered</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>RONALD SCHELLEKENS</name>
                <address>
                    <ns2:street1>700 ANDERSON HILL RD</ns2:street1>
                    <ns2:city>PURCHASE</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10577</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>02/20/2024</saleDate>
            <amountOfSecuritiesSold>2958</amountOfSecuritiesSold>
            <grossProceeds>500700.66</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>RONALD SCHELLEKENS</name>
                <address>
                    <ns2:street1>700 ANDERSON HILL RD</ns2:street1>
                    <ns2:city>PURCHASE</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10577</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>02/16/2024</saleDate>
            <amountOfSecuritiesSold>2990</amountOfSecuritiesSold>
            <grossProceeds>500390.55</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>03/12/2024</noticeDate>
            <planAdoptionDates/>
            <signature>/s/ Ronald Schellekens</signature>
        </noticeSignature>
    </formData>
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144
0001759789
XXXXXXXX
LIVE
0000077476
PEPSICO INC.
001-01183
700 ANDERSON HILL RD
PURCHASE
NY
10577
(914) 253-2000
RONALD SCHELLEKENS
Officer
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
8th Floor
New York
NY
10004
3035
500319.75
1374429271
03/12/2024
NASDAQ
Common
03/01/2024
Restricted stock vesting under a registered plan
Issuer
N
3035
03/01/2024
Services Rendered
N
RONALD SCHELLEKENS
700 ANDERSON HILL RD
PURCHASE
NY
10577
Common
02/20/2024
2958
500700.66
RONALD SCHELLEKENS
700 ANDERSON HILL RD
PURCHASE
NY
10577
Common
02/16/2024
2990
500390.55
03/12/2024
/s/ Ronald Schellekens