Do the Mormons own the Pepsi company?

Answer by  Robgea (125)

No they do not. This is a common urban legend, and while the Mormon church and its holding companies do own, or have stakes in, a large number of American businesses there is no evidence for them owning even a portion of the Pepsi corporation. They do bankroll the Boy Scouts of America, though.

Answer by  Binome (1975)

No, they don't. PepsiCo is a publicly traded company. Its shareholders own it. Neither the founders nor current CEO (who is from India) have ties to the LDS church. Furthermore, most Mormons don't drink caffeine, so it wouldn't make much sense for them to be invested in a soft drink company. There's no MormonPepsiGate scandal.

Answer by  KittyFace (61)

Not at all, this is an urban legend started some time ago. Moroms do not in fact own Pepsi. It is true however that Mormons own Chik-fil-a. Apparently they bought it from another religious group. Anyway, that is why Chik-fil-a sells caffeine free soda and is closed on each and every sunday.

Answer by  waskasoo (471)

This question is a variation on a common urban legend. Often the claim is also made that the Mormons own Coca-cola company. Actually, both companies are publicly listed on the stock exchange and enjoy a diverse ownership group.

Answer by  slkunz2003yahoocom (836)

This is a rumor that has gone around for years. It has also been said that they own Coca-Cola. In actuality, the LDS church owns many businesses, including sugar and garment factories,insurance, pineapple plantations, and cattle ranches to name a few. Ask their headquarters for a copy of holdings.

Answer by  pitfrog21b (62)

No the Mormons as an organization do not own any commercial products. There are some mormons on the board. Pepsi has no official religious affiliations.

Answer by  danbri (17)

PepsiCo, makes of the famous Pepsi brand drink, has a broad ownership and is traded on the New York exchange ('PEP'). It is not controlled by any particular religious group.

Answer by  Mary (2095)

No, but that do own a large portion of the stock in 7-up and have encouraged the campaigns that promote 7-up as clean with no caffiene.

Answer by  Esteme (274)

Um, no, they do not own this company. It is a conglomerate and owned by businessmen and stockholders from around the world. I'm not sure where this question is coming from.

Answer by  Darrell (316)

No, the Pepsi company is not owned by Mormons. However the PepsiCo company does happen to own Quaker Oats brand.

Answer by  tamkees (3203)

Certainly individual Mormons may own stock, but the notion that the Mormon church owns either Pepsi or Coca-Cola is a popular urban legend, made funnier because Mormonism forbids caffeine.