5 Best FMCG Stocks To Buy Now

3. PepsiCo, Inc. (NASDAQ:PEP) 

Number of Hedge Fund Holders: 66

PepsiCo, Inc. (NASDAQ:PEP), one of the best FMCG stocks, is a multinational food, snack, and beverage corporation. With a rich product portfolio including brands like Pepsi, Mountain Dew, Lay’s, Tropicana, Lipton, and Gatorade, PepsiCo, Inc. (NASDAQ:PEP) is set to partner with Bally’s Corporation (NYSE:BALY), where the beverage giant has exclusive pouring rights in 14 Bally’s properties across 10 states in the US. 

In an effort to reduce costs and fleet emissions, PepsiCo, Inc. (NASDAQ:PEP) is purchasing 100 electric trucks from Tesla, Inc. (NASDAQ:TSLA) in Q4. Transportation results in 10% of the company’s gas emissions, and this is a step by PepsiCo, Inc. (NASDAQ:PEP) towards a more sustainable future. The electric trucks will be used to transport beverages between manufacturing centers, warehouses, and retailers. 

On October 5, the Q3 EPS for PepsiCo, Inc. (NASDAQ:PEP) came in at $1.79, beating estimates by $0.06. Revenue for the quarter totaled $20.91 billion, exceeding analysts’ revenue expectations by $797.43 million. Following the solid Q3 earnings beat, Lauren Lieberman from Barclays, on October 7, raised the price target on PepsiCo, Inc. (NASDAQ:PEP) stock from $165 to $168, and kept an Overweight rating on the shares. 

As of the second quarter, 66 hedge funds in Insider Monkey’s database of exclusive funds were bullish on PepsiCo, Inc. (NASDAQ:PEP), up from 61 in Q1.