PepsiCo Inc. (PEP): Continues to Lead The Coca-Cola Co (KO) in Hedge Fund Sentiment

Let’s now review hedge fund activity in other stocks similar to PepsiCo Inc. (NYSE:PEP). We will take a look at Comcast Corporation (NASDAQ:CMCSA), Medtronic, Inc. (NYSE:MDT), Cisco Systems, Inc. (NASDAQ:CSCO), and Philip Morris International Inc. (NYSE:PM). This group of stocks’ market caps are closest to PEP’s market cap.

As you can see these stocks had an average of 59 hedge funds with bullish positions and the average amount invested in these stocks was $4.55 billion. That figure was $6.71 billion in PEP’s case. Comcast Corporation (NASDAQ:CMCSA) is the most popular stock in this table. On the other hand Philip Morris International Inc. (NYSE:PM) is the least popular one with only 35 bullish hedge fund positions. PepsiCo Inc. (NYSE:PEP) is not the least popular stock in this group but hedge fund interest is still slightly below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard CMCSA might be a better candidate to consider a long position in.

Disclosure: None