5 Best Consumer Staples Stocks To Buy Now

3. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Investors In Q2 2023: 68

PepsiCo, Inc. (NASDAQ:PEP) is another global beverage company. It is another consumer staples stock that has beaten analyst EPS estimates in all four of its latest quarters, and for its third quarter, Wall Street has penciled in $2.15 in EPS.

Insider Monkey dug through 910 hedge funds for 2023’s June quarter and discovered that 68 had held a stake in PepsiCo, Inc. (NASDAQ:PEP). Terry Smith’s Fundsmith LLP is the biggest stakeholder out of these since it owns $1.2 billion worth of shares.

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