5 Largest Beverage Companies in the Word in 2023

3. PepsiCo, Inc. (NASDAQ:PEP)

Latest Market Capitalization: $261.36 billion

PepsiCo, Inc. (NASDAQ:PEP) is one of the most iconic soft drink companies in the world and one of the most recognizable brands as well. It sells a variety of drinks such as Gatorade, Pepsi-Cola, Mountain Dew, and Aquafina mineral water. The firm is based in Purchase, New York.

Insider Monkey’s December quarter of 2022 survey covering 943 hedge funds revealed that 70 had invested in PepsiCo, Inc. (NASDAQ:PEP). The firm’s largest hedge fund shareholder is Terry Smith’s Fundsmith LLP which owns a $1.2 billion stake.

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