5 Best Counter Cyclical Stocks to Invest in

4. PepsiCo, Inc. (NYSE:PEP)

Number of Hedge Fund Investors In Q4 2023: 64

PepsiCo, Inc. (NYSE:PEP) is another iconic American carbonated beverage maker. The firm has been doing on the financial front as of late, since it has beaten analyst EPS estimates in all four of its latest quarters.

As of December 2023 end, 64 out of the 933 hedge funds tracked by Insider Monkey were the firm’s investors. Terry Smith’s Fundsmith LLP owned the biggest PepsiCo, Inc. (NYSE:PEP) stake which was worth $1.1 billion.

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