Does Pepsi Own Taco Bell, KFC, or Pizza Hut?

Q:

Does Pepsi own Taco Bell, KFC, or Pizza Hut?

A:

This is a good question because if you visit Taco Bell, KFC, or Pizza Hut you will see Pepsi products featured on the menus. This obviously does not necessarily mean that Pepsi owns these companies, but they clearly have some sort of relationship. Let’s dig into their relationship.

Taco Bell, KFC, and Pizza Hut are currently owned by Yum! Brands (NYSE: YUM). Pepsi is a separate publicly traded company that trades under NYSE: PEP. Pepsi does not own Taco Bell, KFC, or Pizza Hut.

While Pepsi currently does not own these restaurants, they once did. Pepsi decided to spin off Taco Bell, KFC, and Pizza Hut into their own publicly traded company in 1997. The spin off was called Tricon Global Restaurants. The Tricon name later changed to the current Yum! Brands.

According to The Baltimore Sun, PepsiCo received $4.5 billion from the Tricon spin off. The company used the money to mostly payoff short-term debt and secondarily for share buybacks. After the spin off, Pepsi was free to focus mainly on its two core businesses consisting of beverages and snack foods.

The spin off left Tricon with $4.7 billion in debt. In order to start to managing this debt, Tricon started to aggressively sell its company-owned restaurants to franchises. This process is known as refranchising. At the time, the company was operating 46 percent of its restaurants through the corporation. Their goal was to reduce that amount to under 30 percent through refranchising efforts while gaining the benefit of increased cash flow from areas such as realized franchise fees and royalties.

If you flip through the 1999 Yum!/Tricon Annual Report, which was a couple of years after the spin off,  you can see how these refranchising efforts paid off. From the report:

In 1999, we sold over 1,400 restaurants to franchisees, reducing company ownership of the system from 28% to 23%, closing in on our target of about 20%. Cash from operations and this refranchising strategy generated over $1.5 billion in cash flow. This, in turn, enabled us to pay down over $1 billion in debt last year. Significantly, we also reinvested about $470 million in new and existing restaurants in 1999. We also bought back 3.3 million shares of our stock since September, underscoring both our strong cash generation and confidence in our growth potential.

While Tricon was left with a lot of debt to deal with, they also were blessed with a ton of assets. Specifically, the spin off company was made up of approximately 30,000 restaurants worldwide (company-owned and franchised) with sales of about $20 billion in the year proceeding the spin off, 1996. The asset base was clearly a nice starting point for Tricon/YUM! Brands to develop future growth.

Yum! Brands (Formerly Tricon) Stock Performance Since Spin Off

Below you can see the solid return shareholders received if they held their shares of Tricon (now Yum!) from the spin off to today’s date.

DateOpenHighLowCloseAdj CloseVolume
1997-09-015.1671465.9983835.1671465.8186554.49657159492000
1997-10-015.8298886.1444115.2345435.4479694.210111189799100
1997-11-015.4816686.5150975.3693396.0770134.69622698856100
1997-12-016.1781096.3690695.0098855.2233104.03649793890400
1998-01-015.2233105.2682424.5044034.9087893.793438103247000
1998-02-014.9537215.2120784.6728975.1222143.95837179667100
1998-03-015.0997495.6613955.0885155.4030384.17538772213400
1998-04-015.4030385.9309855.3693395.7063264.40976549865900
1998-05-015.7063265.7961905.3693395.5827644.31427740440500
1998-06-015.5827646.1107125.3131745.6950944.40108351640200
1998-07-015.7400256.6274265.7175596.3578364.91323963535200
1998-08-016.3129047.3238685.3918056.6611255.14761874741200
1998-09-016.6498927.1890736.3803027.0318125.43407862300300
1998-10-017.1778408.1101725.6613957.8181176.041724106359100
1998-11-017.7956508.5370247.6945548.2225026.35422755843600
1998-12-018.1326389.1436018.1214069.0088066.96187052955300
1999-01-018.8290809.1660678.0877078.5482576.60596555996300
1999-02-018.44716111.4014208.31236611.1655288.62855387721100
1999-03-0111.05319913.05266010.87347212.6258099.75703680939500
1999-04-0113.07512613.27731810.60388211.5699148.94105695213400
1999-05-0111.56991411.8395049.55922010.4690878.09035375336600
1999-06-0110.42415510.4241558.5819559.7277147.517433118024600
1999-07-019.48059010.3792247.2340047.3126355.651095112903000
1999-08-017.3687998.0540086.2904397.3014025.642416170382100
1999-09-017.3014027.9529116.5937287.3575665.685817109859200
1999-10-017.3687997.7170206.9307157.2227715.58164975876900
1999-11-017.2227718.3123666.9981137.4586635.76394286263600
1999-12-017.4249647.4361976.7509886.9419485.36463585553800
2000-01-016.9307156.9307155.1222145.1446803.975731112352800
2000-02-015.2794755.7961904.5381024.7852263.697952114874600
2000-03-014.7739935.9309854.6728975.5827644.314277104721700
2000-04-015.6052306.3915355.1671466.0882464.70490687031300
2000-05-016.0994796.1781095.2233105.2682424.07121978885700
2000-06-015.2570105.5153674.7852265.0772823.92364890448300
2000-07-015.0885155.8298884.2348134.3583753.368086105864600
2000-08-014.3583755.8411224.3583755.2373474.04734294761700
2000-09-015.2345435.7512585.1334475.5041344.25351374382800
2000-10-015.5153675.6950944.6504315.3918054.16670882636500
2000-11-015.3468736.7509885.2682426.4701655.00004591687100
2000-12-016.4252346.4813985.6501625.9309854.58337696017400
2001-01-015.9422186.5240845.6726276.4737605.002824108807900
2001-02-016.4737606.9572256.1844006.9194825.34727396696500
2001-03-016.8296197.2232216.2904396.8637675.304216113110500
2001-04-016.8296198.0787206.5546378.0553566.22505779075200
2001-05-017.9978438.3752707.2483838.2135156.347281103799000
2001-06-018.2135158.7616837.6743357.8900076.09727886195200
2001-07-017.8918058.2584477.4317048.2225026.35422774921500
2001-08-018.0966938.2638397.5916607.6599575.91950067671400
2001-09-017.6455797.8127256.7487427.0488865.44727662034800
2001-10-016.9194829.1247306.7577289.0923807.026452136648300
2001-11-019.0923809.4176868.4651338.5280376.59033878437500
2001-12-018.5370249.5812378.4831068.8425596.83339790316600
2002-01-018.89647810.0557168.59992810.0287567.750073107397900
2002-02-019.95686510.7746239.52552110.6272478.21257678063400
2002-03-0110.60388210.8644869.98382510.5643428.16396697819200
2002-04-0110.56613911.48993510.23184811.3335738.75841685323000
2002-05-0111.06218511.82243010.96693011.4845448.875085101961000
2002-06-0111.51150211.92307710.51401910.5140198.12507496601200
2002-07-0110.63982811.1071188.29619011.1071188.583412115843000
2002-08-0110.78360911.3263849.29187710.9022288.425076109326700
2002-09-0110.90222811.3946809.3961189.9604607.697293104604300
2002-10-019.96405511.1035227.3148818.0984916.258391225256700
2002-11-017.8720358.7347237.5233658.5945376.641730105730300
2002-12-018.7167508.8030207.9079808.7059676.72784199962300
2003-01-018.7850479.2918778.1416248.3321356.43895084006000
2003-02-018.3932428.7886417.7426318.5585916.61395368918100
2003-03-018.5729699.2703097.8792238.7455076.75839582697100
2003-04-018.7455079.0905828.2458668.8785056.861176101515300
2003-05-018.82458710.0647028.64845510.0503237.76673990023200
2003-06-0110.10064710.7476639.83105710.6254498.21119073065900
2003-07-0110.58591011.12509010.20129410.7584478.31396778850800
2003-08-0110.75844710.78360910.22645610.6578008.23618658196300
2003-09-0110.70093411.12509010.49604610.6470178.22785453648900
2003-10-0110.72969112.28253110.71531312.2717479.48342476015100
2003-11-0112.23939612.52695911.50251612.3975559.58064755593800
2003-12-0112.47304112.72825311.69662112.3652059.55564670736100
2004-01-0112.36161012.86125111.54924512.1890739.41953480082600
2004-02-0112.25736913.42559311.80805213.31056810.28620786118300
2004-03-0113.12005714.02588113.12005713.65564310.55287781833100
2004-04-0113.65564314.43565812.83608913.94320710.77510282887700
2004-05-0113.86412614.15887812.59525513.47951110.41676368271100
2004-06-0113.35370313.76707413.10208513.37886410.33898752104400
2004-07-0113.33573014.20920212.85046813.79942510.66399073759800
2004-08-0113.63767114.32782213.09849114.27390411.06055152031900
2004-09-0114.32782214.73759814.13371714.61538511.32515256712400
2004-10-0114.52192715.77282514.38892815.63623312.11618876198200
2004-11-0115.61107216.59597415.54277516.31919512.67557173537100
2004-12-0116.44500417.06326316.27246716.95902313.17254277605300
2005-01-0116.95902317.02731916.08195516.66067512.94080958251000
2005-02-0116.58878517.66714716.30841117.53414713.64860468651100
2005-03-0117.53055419.25233717.50179718.62329314.49640298376000
2005-04-0118.54780818.78504816.58519016.87994213.139370101872500
2005-05-0116.87994218.69158916.82243018.43637714.37896379723900
2005-06-0118.43637719.33501118.36808018.72034514.60043078082600
2005-07-0118.72034519.21639117.46944618.81739814.67613274202200
2005-08-0118.74550618.79583016.75772917.03091213.31204069365400
2005-09-0116.97340018.33213416.53127317.40115013.60142992077200
2005-10-0117.27174818.74550616.91229218.28540614.292597130272000
2005-11-0118.28540618.77785716.75413317.53774313.740055129176600
2005-12-0117.53774317.69590216.73616016.85118713.20216776533700
2006-01-0116.92667218.11286916.64270417.78217113.93155687598200
2006-02-0117.66714718.71675117.12077717.14593913.46446574486200
2006-03-0117.14593918.29619016.88353717.56290413.791905100475200
2006-04-0117.53055418.69158917.01653518.57656314.58792090116200
2006-05-0118.57656319.46800818.04816618.11646314.26095287454800
2006-06-0118.12005818.90726117.45866218.06973514.22416787483300
2006-07-0118.11646318.41840416.01365916.17541312.732992118181200
2006-08-0116.12149617.76060315.89144517.57009313.87230791297100
2006-09-0117.64917419.34219917.38317718.70956214.77196371825900
2006-10-0118.60172522.22861318.58015821.37311416.874949125081200
2006-11-0121.50611122.89000720.76563621.99496817.41349881296100
2006-12-0122.12437122.81811720.78360921.13587416.733345105532400
2007-01-0121.11790121.70381020.63263921.57081217.07768871290400
2007-02-0121.60316322.36520620.29834620.82674416.53117082196600
2007-03-0120.37023721.40905819.77354420.76204116.47980188768700
2007-04-0120.67217822.76779420.63623222.23580217.74310363884900
2007-05-0122.10639824.80230122.10639824.34219919.42390887518200
2007-06-0124.36736124.75916722.69590223.52264618.76994582324600
2007-07-0123.63048225.19769922.79654923.03378918.379866101110300
2007-08-0122.40833923.97555720.39539923.52264618.85578788676800
2007-09-0123.49388925.15456622.46585324.32063319.49545959302100
2007-10-0124.45722629.18763524.08339328.95039623.206675135388100
2007-11-0128.85693728.95039626.17541326.70740521.493294101050400
2007-12-0126.64989328.73472426.39108527.51258122.14127587196100
2008-01-0127.54852728.10927422.27893624.55787319.763416182453200
2008-02-0124.59381726.69302724.10496124.76635620.012953128455300
2008-03-0124.68727527.63479424.22717526.75054021.616316116427000
2008-04-0126.75772930.00000026.75772929.24514823.63212896277100
2008-05-0128.76347929.89935327.38317728.54061923.15293384212500
2008-06-0128.37526928.51186224.78073325.22645620.464394110417300
2008-07-0124.98921626.31200623.72394025.75125920.890127148628700
2008-08-0125.93098428.14522024.65132925.65061220.91834176065400
2008-09-0125.87347228.93601822.55930923.44356519.118462129195600
2008-10-0123.37886423.88209916.18260220.85549917.007866185343000
2008-11-0120.85549922.09920915.45650619.36736115.899167132982300
2008-12-0118.98634122.78936017.47663522.64557818.590342123050200
2009-01-0122.87562924.04025819.85621820.57512716.890656109405000
2009-02-0120.28756321.89072618.70596718.89288315.608872138561000
2009-03-0118.49029521.48094916.80086319.75557116.321613165114500
2009-04-0119.53271125.33429119.46800823.97555719.808067170560400
2009-05-0123.99712425.64342122.67433524.89575820.700066147849600
2009-06-0125.15456626.41984223.17757023.96836919.928980125408300
2009-07-0124.97483826.34795223.86053325.49245121.196201190180400
2009-08-0125.75125926.57081224.41409124.62257420.580860109591800
2009-09-0124.61538525.11143123.36448724.27030920.286417153346400
2009-10-0124.23436425.86628323.50107823.68799419.799688204871600
2009-11-0123.91085626.02444323.56578125.35586021.322004107140200
2009-12-0125.57153125.57153123.86772225.14018621.140642116511200
2010-01-0125.24802226.11071224.47879224.59381720.68119688652700
2010-02-0124.76635625.83033823.35729624.24155220.504612116843300
2010-03-0124.27749827.93673724.16247427.55571623.307884137160400
2010-04-0127.66355131.63192027.66355130.49604625.794947154712400
2010-05-0130.64701731.07117326.98777829.43925325.028757131659100
2010-06-0129.30984931.27246727.99424928.06613923.861368149691800
2010-07-0128.00143830.59669327.49820329.69087025.242685132297700
2010-08-0130.04313530.98490329.12293229.97843425.61613598818800
2010-09-0130.19410533.72393830.15097033.11286928.294470117348400
2010-10-0133.29259535.99568633.13443835.62904430.444504104305500
2010-11-0135.87347437.72106634.96764836.00287630.92535092037300
2010-12-0136.54205736.87994435.16894135.26240230.28930379632300
2011-01-0135.44212735.93098433.26384033.61610428.875187102578900
2011-02-0133.73831937.12437133.61610436.18260231.23823087996600
2011-03-0136.36232838.23867835.16175536.93745431.88993198736600
2011-04-0137.00934639.52552035.39899438.56218733.292641108757000
2011-05-0138.67002140.96333738.11646339.76995134.50838997904400
2011-06-0139.75557340.22286237.74263039.71243734.458496102286300
2011-07-0139.74838341.51689537.30409637.97268332.948902115834100
2011-08-0138.38245839.38892734.17684939.08698734.070023178860800
2011-09-0139.05823140.04313334.78073535.50682830.949375134132800
2011-10-0135.42055939.46081933.89647738.51186433.568707142458400
2011-11-0137.74982140.61825937.49820340.28756335.31046393969100
2011-12-0140.33069642.98346340.17253942.42271837.18184396933700
2012-01-0142.85406146.15384741.98418445.52839739.90383995150700
2012-02-0145.83033847.84327745.33429347.62041941.936661120590000
2012-03-0147.61322851.61035246.78648451.17181845.06418283236300
2012-04-0151.11430753.51545749.18763452.28612546.045494113017700
2012-05-0152.49461053.43637848.33213450.58231444.731190101913600
2012-06-0148.69877649.27390344.24874146.31200440.954857145631200
2012-07-0146.20417048.52624143.88929046.61394541.221867151586600
2012-08-0146.85837649.36017245.21926545.80876940.69377998918100
2012-09-0145.63623449.75557345.11143147.69230742.36700190399400
2012-10-0148.02300651.86916047.17469450.40258844.774647119694100
2012-11-0150.38102053.73831947.97268348.22430043.058002104343100
2012-12-0148.25305650.57512745.34148047.73544342.621517131434500
2013-01-0148.52624149.20920245.42055946.68583741.684364155832100
2013-02-0146.88713147.79295342.90438547.07404742.248585165745400
2013-03-0146.64989151.91229246.26168151.71818946.41666896923000
2013-04-0151.71099951.99137545.40618148.97196243.951950153713100
2013-05-0148.73472250.99209248.34651248.70596743.93358679480100
2013-06-0148.73472253.12005648.20992349.84903044.96464286332500
2013-07-0150.03594653.21351649.79151552.42271847.28615283263900
2013-08-0152.83968454.01150150.01437850.33788745.61491467655900
2013-09-0150.85549953.02660049.44644251.32278846.50741263695200
2013-10-0151.45938151.81883646.06757748.61251144.051430149717400
2013-11-0148.60532056.56362248.53342855.84471550.86768099378200
2013-12-0155.75844656.48454351.22214154.35657949.51217373496800
2014-01-0154.19123155.59309847.32566548.27462443.972260110519900
2014-02-0148.42559453.44356547.33285553.25664948.75661895202200
2014-03-0152.72465956.03882251.92667054.19841849.61881381380400
2014-04-0154.28468757.29690953.39324255.34867150.67187196830900
2014-05-0155.29834755.64342153.24946255.57872051.13040264331400
2014-06-0155.32710359.04385455.32710358.37527153.70312956559700
2014-07-0158.67721260.08626948.95039449.89216245.898979138944500
2014-08-0149.94248652.81811549.87778552.07045448.11925998690500
2014-09-0151.76132252.73184650.05751451.74694447.82029373782600
2014-10-0151.71099952.35801747.31128751.63910747.720642105854200
2014-11-0151.56002855.76563651.17181855.53558751.63360270159100
2014-12-0154.35657956.48454349.60460352.37239548.692661116595700
2015-01-0152.79655153.87490849.87778551.96261648.31167264005200
2015-02-0152.07764159.28828050.68296158.31057054.64279270833400
2015-03-0158.23148759.54708954.92451556.59238153.03268179957100
2015-04-0156.54205762.84687456.01725461.79726857.91017287252700
2015-05-0162.18547868.94320762.15672364.78073161.15144094485600
2015-06-0164.60100667.09561264.16966264.75916361.13108149885500
2015-07-0165.49964166.44140661.23651963.09130159.55665683959600
2015-08-0163.29259564.46441751.32278857.34723354.472107116280200
2015-09-0155.78720560.31631954.09058457.47663554.59502477243900
2015-10-0157.51977260.05751447.69949750.97771548.421932223869600
2015-11-0151.30122452.72465947.94392452.12796449.84214897844300
2015-12-0152.62401255.09705450.66858352.51617450.213329105094600
2016-01-0151.27246552.62401247.79295352.02731749.74591494706700
2016-02-0151.70381253.10567946.42703252.09920950.146225113030600
2016-03-0152.40115059.39611852.33644958.84256056.63679170630500
2016-04-0158.14521861.67505356.82962057.19626255.05220866258100
2016-05-0157.64198359.97124556.31200459.01509957.12311955978800
2016-06-0158.66283461.76851356.89432159.61179057.70068064776400
2016-07-0159.63335865.13299659.39611864.28469162.22377071695400
2016-08-0164.13372065.52839763.03378765.21207463.59330749166600
2016-09-0165.11862266.13227862.01293965.28396663.66341466486000
2016-10-0165.28396666.06757461.16463162.02731760.48761493476900
2016-11-0162.20999963.88000159.57000063.38999962.31214599413700
2016-12-0163.43999965.32000062.32000063.33000262.25317043885000
2017-01-0163.56000166.20999962.36000165.52999964.41575647292900
2017-02-0165.48000368.98000364.69000265.32000064.50714949303300
2017-03-0165.90000265.94999762.84999863.90000263.10482065561000
2017-04-0163.74000266.69000263.18000065.75000064.93180149826900
2017-05-0165.72000172.75000065.58999672.63999972.07321957145400
2017-06-0172.63999975.44999770.90000273.76000273.18447944760600
2017-07-0173.59999875.68000072.37999775.48000374.89106037853600
2017-08-0175.82000077.12999773.76999776.82000076.53098339821500
2017-09-0176.98999878.13999972.61000173.61000173.33306141665000
2017-10-0173.37000377.02999973.37000374.44999774.16989938051700
2017-11-0174.54000181.65000274.26000278.59999878.30428327434000
2017-11-1778.32000078.77999978.05000378.59999878.5999981486337

Pepsi Stock Performance since Tricon/Yum! Spin Off

You can see by the table below that Pepsi’s stock also experienced a healthy return since the 1997 spin off of Taco Bell, KFC, and Pizza Hut. Spin offs are often good investments because the market cannot always realize the true value of a large company with many working parts until a spin off occurs.

DateOpenHighLowCloseAdj CloseVolume
1997-09-0136.00000041.31250036.00000040.56250023.86360476705200
1997-10-0140.06250040.75000033.37500036.87500021.76484590252500
1997-11-0136.87500038.43750035.25000036.87500023.64784447502500
1997-12-0137.37500038.18750034.12500036.25000023.24704274263400
1998-01-0136.31250037.75000034.18750036.12500023.24802463583200
1998-02-0136.31250037.06250034.31250036.50000023.48935386440800
1998-03-0136.75000043.87500036.25000042.68750027.47127792789400
1998-04-0142.43750044.81250038.37500039.68750025.62046186090600
1998-05-0139.75000041.50000037.37500040.81250026.34670885359900
1998-06-0140.62500042.75000040.06250041.18750026.58878353249900
1998-07-0141.50000043.75000037.00000038.93750025.214340113929700
1998-08-0138.81250039.75000027.56250027.87500018.05071199719100
1998-09-0129.75000033.50000028.00000029.43750019.06252789328200
1998-10-0129.37500037.00000029.00000033.75000021.94515892701900
1998-11-0134.25000040.18750034.18750038.68750025.15564770446500
1998-12-0139.00000041.62500036.62500040.87500026.57802271601400
1999-01-0140.62500042.56250037.50000039.00000025.44297476144500
1999-02-0138.81250040.25000037.00000037.56250024.50518263075100
1999-03-0138.43750041.06250036.18750039.18750025.56531395486800
1999-04-0139.18750041.43750036.12500036.93750024.179207105988100
1999-05-0136.93750038.68750034.06250035.50000023.23824193483300
1999-06-0135.93750038.93750035.00000038.68750025.32476676467500
1999-07-0138.43750041.50000037.31250038.93750025.58520566356700
1999-08-0138.68750039.25000033.81250034.12500022.42297675016600
1999-09-0134.06250034.87500030.25000030.50000020.04105479877800
1999-10-0130.37500035.12500030.12500034.68750022.88429380252000
1999-11-0134.43750037.12500032.06250034.56250022.80183479052900
1999-12-0134.31250037.75000033.81250035.25000023.25538893996500
2000-01-0135.37500038.62500033.18750034.12500022.59577895170300
2000-02-0134.00000035.12500032.12500032.12500021.27149284131900
2000-03-0132.00000036.06250029.68750034.87500023.092394106743700
2000-04-0134.62500038.31250034.62500036.68750024.40009368836700
2000-05-0136.43750041.12500036.12500040.68750027.06041384691100
2000-06-0140.43750044.54679939.31250044.43750029.55445793465700
2000-07-0143.87500046.25000039.68750045.81250030.57334979396900
2000-08-0145.18750047.06250041.18750042.64059828.45654565498400
2000-09-0142.50000047.12500041.31250046.00000030.69848453764500
2000-10-0146.62500049.25000044.37500048.43750032.43136686172700
2000-11-0148.31250049.43750043.31250045.37500030.38085990211000
2000-12-0145.87500049.93750041.50000049.56250033.184612109797300
2001-01-0149.37500049.50000042.25000044.07000029.60088399386800
2001-02-0143.66999848.79000142.75000046.08000230.95096684004800
2001-03-0145.50000047.09999840.25000043.95000129.52028789355600
2001-04-0143.70000144.95999940.90000243.81000129.51646490490900
2001-05-0144.25000046.61000143.59000044.75999830.15651374911200
2001-06-0144.75999845.82000043.08000244.20000129.77922177161600
2001-07-0144.34999847.65000244.29999946.63000131.51661584405100
2001-08-0146.63999947.70999943.59999847.00000031.766693155979100
2001-09-0147.34000049.79999945.75999848.50000032.780525138978300
2001-10-0148.93999950.00000046.86999948.70999933.023685112170000
2001-11-0148.45000150.45999947.74000248.63000132.96947579831800
2001-12-0148.52999949.79999946.45000148.68999933.01013681435600
2002-01-0148.50000050.11999947.43000050.09000034.06118489718200
2002-02-0149.75000051.20000147.59999850.50000034.33998584313100
2002-03-0150.93999951.99000248.86999951.50000035.01998180560000
2002-04-0151.65000253.50000049.88000151.90000235.39384590370200
2002-05-0151.95000153.23000050.02999951.98000035.44839179577700
2002-06-0151.70000152.18000047.20999948.20000132.87059086108100
2002-07-0148.29000149.13000135.00999842.93999929.368511192827300
2002-08-0142.93999945.20999938.84999839.54999927.049940139704500
2002-09-0139.54999941.40000234.00000036.95000125.271690130733200
2002-10-0137.00999845.16000035.59000044.09999830.280096162968200
2002-11-0143.75000045.29999940.79999942.48000029.16777095409700
2002-12-0142.49000243.97000140.31000142.22000128.98926096262600
2003-01-0142.11999944.06000138.58000240.48000027.89206189522900
2003-02-0140.27999941.90000237.84999838.32000026.40373088179900
2003-03-0138.47000141.50000036.24000240.00000027.56130499398800
2003-04-0140.00000043.61999938.06000143.27999929.940485109792500
2003-05-0143.16999844.59999842.38000144.20000130.57690075311600
2003-06-0144.72000145.50000043.09999844.50000030.78444776526600
2003-07-0144.25000047.98000043.75999846.07000031.985868103151000
2003-08-0145.50000045.98000043.34999844.54000130.92360570453500
2003-09-0144.34000046.52000044.09999845.83000231.81924470414500
2003-10-0146.36999948.88000146.18999947.82000033.32054184236100
2003-11-0147.81000148.24000246.68999948.11999933.52957560992100
2003-12-0148.00999848.86999946.11000146.61999932.48439092578300
2004-01-0146.93999948.00999845.29999947.25999833.041866105541900
2004-02-0147.50000052.41999847.07000051.90000236.285934105503800
2004-03-0151.91000054.00000050.27999953.84999837.64928496949500
2004-04-0153.70999955.48000053.59999854.49000238.21263991650500
2004-05-0154.75000055.02999952.63000153.36999937.42721271741400
2004-06-0153.04999955.70999952.95000153.88000137.78486671065400
2004-07-0153.97000154.34000049.36999950.00000035.21128587363300
2004-08-0149.77000052.25000048.41000050.00000035.21128584253300
2004-09-0150.06000151.20000147.36999948.65000234.26058296994400
2004-10-0149.40000250.66999847.65000249.58000235.07353282809800
2004-11-0149.50000052.49000248.41000049.91000035.30697675677400
2004-12-0150.00999853.00000050.00000052.20000136.92694970268100
2005-01-0152.23000054.41999851.34000053.70000138.16190374653600
2005-02-0153.45000155.70999952.84999853.86000138.27562065597900
2005-03-0153.79999954.34999851.75000053.02999937.68577276160800
2005-04-0153.29999955.70000152.50999855.63999939.71022087740900
2005-05-0155.34999857.20000155.34999856.25999840.15271072623200
2005-06-0156.15000257.04000153.75000053.93000038.48979275586800
2005-07-0153.00000055.79000152.07000054.52999939.09987390193400
2005-08-0153.95000155.63000153.75000054.84999839.32932772312000
2005-09-0154.70000157.02999953.54999956.70999940.66300684044500
2005-10-0156.70999959.38999956.36000159.08000242.56289394761300
2005-11-0159.00000060.09999857.72000159.20000142.64933476990500
2005-12-0159.84999860.34000058.68999959.08000242.56289363374000
2006-01-0159.91999859.97000156.00000057.18000041.37422675013300
2006-02-0156.81000159.90000256.52999959.11000142.77074177367000
2006-03-0159.04000160.54999957.74000257.79000141.81560985047900
2006-04-0158.24000258.65000256.50999858.24000242.32537880296400
2006-05-0158.25000060.77000057.68999960.45999943.93873297511700
2006-06-0160.36999961.18999958.54999960.04000143.63349991102800
2006-07-0160.59999863.98000060.07000063.38000146.29027988449100
2006-08-0163.20000165.98999862.31000165.27999947.67795283440900
2006-09-0165.72000165.98999864.05000365.26000247.66333874542900
2006-10-0165.19000265.30000361.95000163.43999946.548275111181400
2006-11-0163.36999963.75000061.15000261.97000145.469688101197600
2006-12-0162.00000064.16999861.45999962.54999945.89525279281000
2007-01-0162.70000165.54000162.29000165.23999848.093845102136600
2007-02-0165.00000065.38999962.50000063.15000246.553139106813600
2007-03-0162.75000064.33000261.88999963.56000146.855381123661100
2007-04-0163.15000267.40000262.86999966.08999648.952602120272600
2007-05-0166.15000269.63999965.97000168.33000250.611759114092200
2007-06-0168.65000268.95999964.25000064.84999848.034142121884200
2007-07-0165.37999768.95999964.25000065.62000348.875519168929100
2007-08-0165.11000170.25000065.09999868.02999950.670540142197300
2007-09-0168.33999673.29000166.62999773.26000254.565994111300400
2007-10-0173.54000174.32000069.98000373.72000155.210388129902300
2007-11-0173.48999877.41000472.00000077.18000057.801651125057600
2007-12-0177.51000279.00000075.62000375.90000256.84303795676900
2008-01-0176.41000479.79000166.30000368.05000351.214565181747100
2008-02-0168.33999672.75000066.32000069.55999852.350994137175100
2008-03-0169.55000372.34999867.94999772.19999754.337860122879100
2008-04-0171.88999972.16999867.20999968.52999951.853436134345300
2008-05-0168.45999969.82000066.80999868.30000351.679417125378800
2008-06-0168.11000168.26999763.31000163.59000048.115578169473600
2008-07-0163.27999968.01999763.27999966.55999850.684097167346700
2008-08-0166.82000070.83000266.36000168.48000352.146145120167900
2008-09-0168.88999975.25000068.13999971.26999754.270672189218100
2008-10-0170.66000472.23999850.41000057.00999843.679230317682300
2008-11-0156.97000159.23000049.74000256.70000143.441711186465600
2008-12-0155.56000156.40000251.00999854.77000041.963013155720500
2009-01-0154.93000056.93000043.77999950.23000038.787361154769000
2009-02-0149.75999853.63999948.13999948.13999937.173470156466600
2009-03-0147.31000153.20000145.38999951.48000039.752602197319200
2009-04-0151.00999856.95000147.50000049.75999838.764328201127300
2009-05-0149.75999852.50000048.82000052.04999940.548290185319100
2009-06-0152.27000055.73000052.11000154.95999942.815254179646500
2009-07-0155.11999957.70000154.29999956.75000044.571949165687700
2009-08-0156.98000059.63999955.86000156.66999844.509121167443500
2009-09-0156.59999860.00000055.68999958.66000046.072090165865300
2009-10-0158.70000162.75000058.27000060.54999947.940033176616900
2009-11-0160.79000163.27000059.61999962.22000149.262245109470500
2009-12-0162.68000064.48000358.77000060.79999948.137970162542300
2010-01-0161.18999962.91999859.11999959.61999947.538635142469300
2010-02-0159.93000062.91999858.75000062.47000149.811134148204600
2010-03-0162.65000267.00000062.47000166.16000452.753391172788600
2010-04-0166.32000066.68000063.59999865.22000152.373276148257700
2010-05-0165.27999967.61000161.04000162.88999950.502232193736600
2010-06-0162.66000064.79000160.50000060.95000148.944363172677100
2010-07-0161.13000165.79000160.32000064.91000452.526058141030200
2010-08-0165.47000166.83000263.18000064.18000051.935337113423100
2010-09-0164.51999767.30999864.51999766.44000253.764156114594000
2010-10-0166.76000268.11000163.77999965.30000353.239841156983100
2010-11-0165.48999866.09999863.43000064.62999752.693565131219500
2010-12-0164.79000166.51000264.27999965.33000253.264294119167100
2011-01-0165.91000467.45999964.08999664.30999852.825005135788100
2011-02-0164.52999965.13999962.56000163.41999852.093956169952600
2011-03-0163.68999965.33000262.04999964.41000452.907154155291700
2011-04-0164.87000369.94000264.47000168.88999957.020058112344300
2011-05-0169.23999871.88999968.45999971.12000358.865829129381000
2011-06-0170.58000270.87000367.45999970.43000058.294716144358800
2011-07-0170.08000270.75000063.54999964.04000153.392368168592300
2011-08-0164.22000165.48000360.09999864.43000053.717525284855800
2011-09-0164.37999764.87999759.25000061.90000252.023422232660100
2011-10-0161.59000063.61999958.50000062.95000152.905884180767300
2011-11-0162.11000166.65000261.56000164.00000053.788357166212200
2011-12-0164.26999766.77999963.83000266.34999856.218185106578400
2012-01-0166.86000167.19000264.12999765.66999855.642025120704200
2012-02-0165.98999866.98000362.33000262.93999953.328911213830000
2012-03-0163.04999966.50000062.15000266.34999856.679176138520100
2012-04-0166.26000266.86000164.63999966.00000056.380196120469200
2012-05-0165.91999869.33999665.68000067.84999857.960545186868900
2012-06-0167.01999770.66000466.66000470.66000460.833057132167300
2012-07-0170.33999672.94000268.45999972.73000362.615158123402100
2012-08-0172.79000173.66000471.08999672.43000062.356880117388900
2012-09-0172.55000372.68000069.95999970.76999760.927746106262700
2012-10-0170.69999771.47000168.23000369.23999860.056309117614900
2012-11-0169.25000070.63999967.72000170.20999960.897648100168400
2012-12-0170.32000070.88999967.38999968.43000059.35374598276000
2013-01-0169.18000073.45999968.63999972.84999863.676971120185200
2013-02-0173.08000276.33000270.98000375.76999766.229286122822500
2013-03-0175.55000379.26999775.37000379.11000169.643280108962100
2013-04-0178.76000284.32000078.25000082.47000172.601204123909700
2013-05-0182.36000184.77999980.69999780.76999771.10464592016900
2013-06-0180.66999883.19000278.19999781.79000172.002579112685400
2013-07-0181.95999987.05999880.29000183.54000174.058495111819000
2013-08-0184.04000185.43000078.61000179.73000370.68092393237000
2013-09-0180.48000382.94000278.32000079.50000070.47702892056100
2013-10-0179.37999785.50000078.66999884.08999675.077789109417600
2013-11-0184.15000286.73000383.83000284.45999975.40811979017100
2013-12-0184.43000084.51999779.95999982.94000274.05104199693900
2014-01-0182.93000083.98999879.90000280.36000172.237167102347400
2014-02-0180.34999881.84999877.01000280.07000071.976479143431700
2014-03-0179.16999883.80000379.09999883.50000075.059761118964900
2014-04-0183.07000087.00000081.98999885.88999977.754448116138500
2014-05-0186.00000088.48000384.94999788.33000279.96333376849900
2014-06-0188.12000390.23999886.70999989.33999680.87765582689300
2014-07-0189.12000393.08999688.07000088.09999880.35170791149100
2014-08-0187.70999993.51000287.45999992.48999884.35559890996100
2014-09-0192.62000394.20999990.58000293.08999684.90283286888800
2014-10-0192.66999896.73999889.82000096.16999888.337608126693700
2014-11-0195.940002100.69999795.500000100.09999891.94754075409800
2014-12-0198.559998100.57000092.43000094.55999886.85872794377400
2015-01-0194.93000099.00000092.94000293.77999986.707985111856800
2015-02-0193.860001100.76000293.59999898.98000391.515854101021500
2015-03-0198.98000399.30000392.23999895.62000388.409248111259900
2015-04-0195.16000497.63999993.26000295.12000388.53628595836600
2015-05-0195.16000498.44000294.76000296.43000089.75561577389100
2015-06-0196.58999696.58999692.54000193.33999686.87948691613500
2015-07-0193.80000397.48999893.55000396.34999890.342377107155600
2015-08-0196.190002100.61000176.48000393.59999887.763840126402100
2015-09-0191.12000394.40000290.43000094.30000388.420204103551500
2015-10-0194.199997103.44000292.529999102.19000296.561508111021700
2015-11-01102.139999102.58000297.650002100.16000494.64332676086900
2015-12-01100.110001101.69999796.80999899.91999894.41652792168800
2016-01-0198.55999899.84999893.25000099.30000394.487968112003300
2016-02-0198.529999100.69999796.08999697.82000093.07968196899800
2016-03-0198.500000103.44999797.540001102.48000397.513870104728800
2016-04-01101.970001105.769997100.419998102.95999998.670631100934200
2016-05-01102.739998106.940002100.000000101.16999896.95520092255700
2016-06-01100.559998106.000000100.300003105.940002101.52648297386900
2016-07-01106.230003110.940002105.379997108.919998105.16506291955900
2016-08-01108.720001109.360001106.260002106.750000103.06987867251900
2016-09-01106.459999109.709999104.050003108.769997105.76306290629200
2016-10-01108.769997108.830002105.000000107.199997104.23646587371000
2016-11-01107.139999108.930000100.099998100.09999897.332748106184200
2016-12-0199.889999106.52999998.500000104.629997102.49014385750400
2017-01-01104.940002105.629997101.059998103.779999101.65753283246300
2017-02-01103.610001110.599998102.980003110.379997108.12255181757500
2017-03-01109.599998112.760002108.470001111.860001109.57228993121500
2017-04-01111.949997114.610001111.339996113.279999111.72542668457700
2017-05-01112.930000118.120003111.699997116.870003115.26615972360700
2017-06-01116.800003118.239998114.889999115.489998114.68743174499100
2017-07-01115.550003118.059998112.250000116.610001115.79965270464600
2017-08-01116.690002119.389999114.910004115.730003114.92576666908700
2017-09-01115.379997117.290001110.339996111.430000111.43000079755600
2017-10-01109.910004113.629997106.190002110.230003110.23000385595300
2017-11-01109.760002116.190002109.150002114.680000114.68000041921500
2017-11-17114.730003115.139999114.529999114.680000114.6800002646372

Conclusion

Does Pepsi own Taco Bell, KFC, or Pizza Hut? The answer is no, but they had quite the past as discussed above. You may be curious if any company, such as Coke, owns Pepsi. Pepsi is not owned by Coke or any other company. It is the parent company to many popular brands such as Quaker, Tropicana, MTN Dew, Lay’s, Doritos, and many more.

Image Credit: Phillip Pessar: CC via flickr