5 Most Profitable Food Stocks

3. PepsiCo, Inc. (NASDAQ:PEP)

Trailing Twelve Month Net Income: $8.9 billion

Number of Hedge Fund Holders in Q4 2022: 70

PepsiCo, Inc. (NASDAQ:PEP) is a food and beverage company known primarily for its carbonated beverages. However, the firm also sells snacks and other products. It is based in Purchase, New York.

Insider Monkey surveyed 943 hedge funds for their fourth quarter of 2022 investments and found out that 70 had held a stake in the firm.

Out of these, Terry Smith’s Fundsmith LLP is PepsiCo, Inc. (NASDAQ:PEP)’s largest investor. It owns 6.6 million shares that are worth $1.2 billion.