5 Best Defensive Stocks to Buy Now

4. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 72

Year to Date Performance as of 11/29: 5.56%

PepsiCo, Inc. (NASDAQ:PEP) is a leader in convenient foods and beverages with its portfolio that includes brands such as Pepsi-Cola, Mountain Dew and Doritos. Given that demand for PepsiCo, Inc. (NASDAQ:PEP)’s product doesn’t change that much in tougher times, the company is regarded as a defensive stock that also has growth potential in the long term. Year to date, shares of PepsiCo, Inc. (NASDAQ:PEP) have rallied 5.56% as of November 29.