5 Best FMCG Stocks To Buy Now

2. PepsiCo, Inc. (NASDAQ:PEP)

Number Of Hedge Fund Holders: 72

PepsiCo, Inc. (NASDAQ:PEP) is an American multinational food, snack, and beverage company that operates on a business model that covers all facets of the food and beverage market, thus leading as one of the best FMCG company in the world. The company pays a quarterly dividend of $1.15 per share and has a dividend yield of of 2.51%, as of December 7.

On December 7, Argus analyst John Staszak raised the price target on PepsiCo, Inc. (NASDAQ:PEP) to $206 from $195 and maintained a Buy rating on the shares. Based on the analyst’s remarks, the company is well-managed, offers a valuable brand portfolio, and continues to generate solid growth amid weak demand for many consumer staples.

The number of hedge funds holding investments in PepsiCo, Inc. (NASDAQ:PEP) grew to 72 in Q3 2022, from 65 in the previous quarter. The stakes owned by these hedge funds have a total value of over $4.8 billion. Fundsmith LLP was the company’s leading stakeholder in Q3.

In its Q2 2022 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and PepsiCo, Inc. (NASDAQ:PEP) was one of them. Here is what the fund said:

“Also in the stable and predictable cash flow camp, though with a very different business model, global food and beverage company PepsiCo (NYSE:PEP) reported very strong organic growth in the first quarter, driven by healthy price/mix, and raised revenue guidance, while holding EPS guidance. Notably, its beverage business showed expanding margins.”