PepsiCo director Robert Pohlad makes the largest insider buy in company history

As seen on the 24/7 Wall St. homepage on October 24, 2026.

A $23.7 million open-market purchase is the biggest insider bet in PepsiCo's history, and board members buying that size rarely do it quietly.

Pepsi just had its largest insider buy ever. Director Robert Pohlad bought $23.7M in the open market. $PEP https://t.co/gTMLKku0hH

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Robert Pohlad, a PepsiCo board director, spent $23.7 million buying company shares in the open market, a purchase that marks the single largest insider buy in the company's history.

Open-market purchases at this scale carry a specific weight that granted stock awards do not. A board member writing a personal check is placing a deliberate bet that the current share price undervalues the company.

Insider purchases of this magnitude are relatively rare events at any large-cap company, and the record-setting size at PepsiCo makes it harder to dismiss as routine portfolio management or a symbolic show of confidence.

Investors who track insider activity treat open-market buys as one of the cleaner signals available, since the buyer risks real personal capital. Keep an eye on the stock in the days ahead.

Sources

Mentioned: PEP

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PEP PepsiCo, Inc.

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$10K invested in each — worth today:

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New 52-week low $126.72 -1.1% vs prior low · 2026-09-24

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ACN Accenture plc Class A Ordinary Shares (ACN)Buy$1K – $15KAug 26
ACN Accenture plc Class A Ordinary Shares (ACN)Buy$1K – $15KAug 26
GOOG Alphabet Inc. - Class C Capital Stock (GOOG)Partial sell$1K – $15KAug 20
GOOG Fidelity Roth IRA Alphabet Inc. - Class C Capital Stock (GOOG)Partial sell$1K – $15KAug 20
AAPL Apple Inc. - Common Stock (AAPL)Partial sell$1K – $15KAug 20
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+ 4 more trades in this filing

Made public 28 days after the earliest trade

About as clear a risk-off tell as a House filing gives you: a sitting appropriator rotated out of megacap tech and a big bank in the same week. The filing shows trims of Alphabet, Apple and JPMorgan on Aug. 20, purchases of defensive names like McDonald's, PepsiCo and Novo Nordisk six days later, plus short duration high yield.

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PepsiCo just marked a fresh 52-week low at $134.34, taking out the January 7 floor. At a $183.5 billion market cap, the next support level is untested ground.

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Sep 4, 6:00pm ET

Dividend raised $1.48 ex-date 2026-09-04 · 5.25% yield · 7 yrs paying · +4% YoY

PepsiCo lifted its quarterly payout 4% to $1.48 a share, locking in a 5.25% yield for anyone who owns it before today's ex-date. That is a rare payout level for a megacap staple, and it says management sees no need to defend cash.

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PEP PepsiCo

$2B $1.48 per share

2GOOGLGoogle$0.22/sh$1.3B
3GOOGGoogle$0.22/sh$1.2B
4SLMBPSLM$1.44/sh$627M
5KHCKraft Heinz$0.40/sh$474M

PepsiCo is the day's biggest payer, sending shareholders about $2.02 billion, or $1.48 a share, on September 30. Alphabet's two share classes together add roughly $2.51 billion at 22 cents a share, with Kraft Heinz and SLM also paying out.