In some regions, the Church of Jesus Christ of Latter Day Saints (Mormons) churches are very common and are easily recognizable due to the shape of their churches.
Today, I will explain if the Mormon Church owns Pepsi and if they own any well-known brands.
Below, I will explain if the Mormon Church owns any well-known brands, why it cannot hold any businesses or brands for profit, what charities they engage in, and more about PepsiCo, Inc.
Does the Mormon Church Own Coca-Cola?
Coca-Cola is the most well-known cola soda in the world.
In some areas, Mormon churches and temples can be found on nearly every corner. Sometimes well-known brands are owned by other parent companies, so here is whether the Mormon Church holds Coca-Cola.
The Mormon Church collects funds from its members and uses them to build new churches and temples and do charitable work.
However, they do not invest in companies or engage in business activities.
The Mormon Churches tax status would change if they did
Collecting funds from different sources means the person or company doing it falls under the Inland Revenue Service (IRS) rules.
These apply to business owners and employees.
However, the IRS has various categories where people or companies are not required to pay taxes.
These are deemed as being tax exempt. One of these is Churches and Religious organizations.
Interestingly, as you may know, the laws/recommendations of the Mormon church state that Mormons can not drink alcohol or caffeinated beverages, such as tea, coffee, and sodas that caffeinated sodas such as Pepsi and Coke.
Therefore, it would also go against what Mormons believe in owning Pepsi.
If an openly Mormon person is found to drink any of these, they will be banned from entering Mormon temples for a time.
They also can lose various privileges and can’t participate in Mormon activities.
Does the Mormon Church Own Any Well-Known Brands?
It’s no secret that the Mormon Church has a lot of money to work with.
This can be seen by the huge, beautiful, and elaborate temples they built.
Therefore an obvious question would be how the Mormon Church makes so much money and do they own or invest in any companies.
So here’s the long and short of whether the Mormon Church owns many well-known brands.
The Mormon Church publishes an annual report explaining what charitable works they do worldwide.
In 2021 they reported that they spent $906 million on charitable works.
It’s no secret that churches collect funds from their members.
The Mormon Church states on its official website the funds they receive are used to:
“Provide buildings or places of worship for members around the world. Provide education programs, including support for Church universities and seminary and institute programs.”
Here’s a video about some of the charitable works that the Mormon Church engages in:
Who Owns Pepsi
Pepsi is the second most popular cola after Coca-Cola.
There are so many soft drink brands that it’s challenging to know which ones are made by which company. So this is who owns Pepsi.
PepsiCo has a beverage division and a snack food division – called Frito-Lay. Both account for about 50% of the total products that PepsiCo makes.
Interestingly, the North American products that PepsiCo sells makeup about 50% of the total revenue PepsiCo makes each year.
The remaining 50% comprises sales outside North America, such as Asia, Oceania, and the Middle East.