5 Best Beverage Stocks To Buy Now

2. PepsiCo, Inc. 

Donald Yacktman’s Yacktman Asset Management is one of the 52 hedge funds in our database that had stakes in  PepsiCo, Inc. (NASDAQ: PEP) as of the end of the September quarter. The fund owns 3,304,176 shares of the company, worth $457.96 million.

Wells Fargo on Dec. 8 said that it is in a wait-and-see mode when it comes to Pepsi, as investors need to see confirmed signs of growth for the company. The firm, which has an Equal Weight rating and $157 price target for the beverage stock, said that Pepsi is expected to show organic sales growth just like every year since 2013. However, Wells Fargo believes investors still need signs of a strong growth before turning bullish on the stock.

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