do mormons own pepsi

Charlotte

2 min read

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01-03-2025

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Do Mormons Own Pepsi? Unpacking the Myth

The question, "Do Mormons own Pepsi?" is a persistent internet rumor. The short answer is: no, members of The Church of Jesus Christ of Latter-day Saints (often incorrectly called Mormons) do not own PepsiCo. This misconception likely stems from a confluence of factors, including the Church's significant financial holdings and PepsiCo's widespread presence. Let's delve into why this is a myth and explore the realities of both the Church's investments and PepsiCo's ownership structure.

Understanding the Church of Jesus Christ of Latter-day Saints' Finances

The Church of Jesus Christ of Latter-day Saints is a large organization with a global presence. It manages a substantial investment portfolio, aiming to support its charitable work, missionary efforts, and temple construction. However, this portfolio is incredibly diverse and spans numerous sectors, not concentrated in any single company like PepsiCo. The Church's financial practices are largely private, so specific holdings aren't publicly available. The idea that they secretly control PepsiCo is unfounded.

PepsiCo's Ownership Structure: A Publicly Traded Company

PepsiCo is a publicly traded company, meaning its stock is available for purchase on major stock exchanges. This means ownership is distributed across countless individual and institutional investors worldwide. No single entity, including the Church of Jesus Christ of Latter-day Saints, holds a controlling stake. To control PepsiCo, one would need a substantial majority of its outstanding shares—a level of ownership far beyond what any single organization, religious or otherwise, is known to possess.

The Roots of the Misconception

The rumor likely originates from a combination of factors:

• The Church's significant wealth: The Church's vast financial resources naturally lead to speculation about its investments.
• PepsiCo's ubiquity: PepsiCo's widespread global presence makes it a readily recognizable target for such rumors.
• Internet misinformation: The ease with which misinformation spreads online contributes to the persistence of this myth.

Separating Fact from Fiction: A Call for Critical Thinking

It's crucial to approach online information critically, especially when dealing with claims lacking credible sources. The assertion that Mormons own Pepsi lacks any substantial evidence. Before accepting such claims, verify the information through reputable sources and cross-reference with official statements from the organizations involved.

In conclusion, the idea that Mormons own Pepsi is false. The Church's investment portfolio is vast and diversified, but it does not control PepsiCo. PepsiCo, as a publicly traded company, has a distributed ownership structure. Remember to always critically evaluate information you encounter online.