5 Best Stocks To Invest In 2023 For Beginners

In this article, we will take a look at the 5 best beginner stocks to buy in 2023. If you want to explore similar stocks, you can go to 10 Best Stocks To Invest In 2023 For Beginners.

5. PepsiCo, Inc. (NYSE:PEP)

Revenue Growth (YoY): 8.70%

3-Year Revenue Growth: 8.76%

Number of Hedge Fund Holders: 70

PepsiCo, Inc. (NYSE:PEP) was held by 70 hedge funds at the close of the fourth quarter of 2022. These funds disclosed stakes worth $4.4 billion in the company. As of December 31, Fundsmith LLP is the top shareholder in the company and has disclosed a stake worth $1.2 billion.

As of April 21, PepsiCo, Inc. (NYSE:PEP) has returned 6.72% to investors over the past 12 months and is offering a forward dividend yield of 2.48%. The company grew its annual revenue by 8.70% year over year in 2022, and has a 3-year revenue CAGR of 8.76%. PepsiCo, Inc. (NYSE:PEP) is one of the best beginner stocks to buy now, according to hedge funds.

This April, JPMorgan analyst Andrea Teixeira raised her price target on PepsiCo, Inc. (NYSE:PEP) to $196 from $190 and maintained an Overweight rating on the shares.

Madison Investments made the following comment about PepsiCo, Inc. (NASDAQ:PEP) in its Q1 2023 investor letter:

“PepsiCo, Inc. (NASDAQ:PEP) announced that it will commit $3.3 million in funds toward water replenishment projects across North America. These projects aim to reduce absolute water use and replenish back into the local watershed more than 100% of the water used at company-owned and third-part sites in high water-risk areas.”