10 Best Stocks to Buy According to Elliott Investment Management

9. PepsiCo, Inc. (NASDAQ:PEP)

Market value of shares owned: $182,988,000

% of portfolio: 0.81%

PepsiCo, Inc. (NASDAQ:PEP) is one of the 10 best stocks to buy according to Elliott Investment Management.

On February 20, 2026, Wells Fargo analyst Christopher Carey maintained a Hold rating on PepsiCo, Inc. (NASDAQ:PEP) with a price target of $165. The stock also saw its Hold rating from TD Cowen reiterated on February 20 by the firm’s analyst, Robert Moskow. The analyst also raised the stock’s price target from $162 to $165. In a research note, Robert Moskow cited that the company detailed its turnaround strategy and reaffirmed 2026 guidance. Additionally, the analyst noted that management’s confidence remains intact regarding achieving 4% to 6% sales growth by the latter half of 2026.

Separately, on February 4, 2026, PepsiCo, Inc. (NASDAQ:PEP) announced the approval of its Board of Directors on the quarterly dividend of $1.4225 per share of common stock – a 5% increase compared to the same period of the previous year. Shareholders of record as of March 6, 2026, will be eligible to receive the dividend on March 31, 2026. Additionally, the company has announced a 4% increase in its annualized dividend, with 2026 marking the 54th consecutive annual dividend increase.

Founded in 1965, PepsiCo, Inc. (NASDAQ:PEP) is an American multinational food and beverage corporation that manages multiple billion-dollar brands, including Pepsi, Lay’s, Gatorade, and Quaker. Its headquarters is in New York.