10 Best Food Stocks to Buy According to Billionaires

3. PepsiCo, Inc. (NASDAQ:PEP)

Total Number of Billionaires: 14 

Dollar Value of Billionaire Holdings: $2,120,308,323 

PepsiCo, Inc. (NASDAQ:PEP) manufactures, markets, distributes, and sells beverages, food, and snacks. The business is divided into the following segments: Asia Pacific, Australia and New Zealand, and China Region (APAC); Latin America (LatAm); Europe, Africa, Middle East, and South Asia (AMESA); Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); and PepsiCo Beverages North America (PBNA).

PepsiCo, Inc. (NASDAQ:PEP) produced $12.5 billion in operating cash flow in the fiscal year 2024 and has a healthy cash position. Additionally, the business maintained a consistent revenue of $91.8 billion, which was somewhat higher than the previous year. In this fiscal year, it intends to pay out dividends to stockholders totaling about $7.6 billion.

Additionally, the company’s net income improved to $9.6 billion, while operating profit increased to $12.8 billion from $11.9 billion in the fiscal year 2023. PepsiCo, Inc. (NASDAQ:PEP) anticipates a mid-single-digit increase in core constant currency earnings per share (EPS) and low-single-digit growth in organic revenue for 2025. According to billionaires, it ranks third on our list of the best food stocks.