Top 5 Stock Picks of Brian Scudieri’s Kehrs Ridge Capital

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In this article, we discuss the top 5 stock picks of Brian Scudieri’s Kehrs Ridge Capital. If you want our detailed analysis of these stocks, go directly to the Top 10 Stock Picks of Brian Scudieri’s Kehrs Ridge Capital.

5. PepsiCo, Inc. (NASDAQ:PEP)

Kehrs Ridge Capital’s Stake Value: $18,049,000

Percentage of Kehrs Ridge Capital’s 13 Portfolio: 5.82%

Number of Hedge Fund Holders: 66

PepsiCo, Inc. (NASDAQ:PEP) is a leading American food, snack, and beverage corporation possessing a strong brand portfolio consisting of products including Pepsi, 7Up, Gatorade, Lay’s, Cheetos, Lipton, and Mountain Dew, among others. 23 brands in PepsiCo, Inc. (NASDAQ:PEP)’s portfolio as of January 2021 rake in sales over $1 billion each. 

Scudieri’s Kehrs Ridge Capital owns 120,000 shares in PepsiCo, Inc. (NASDAQ:PEP) as of September this year, valued at approximately $18 million, accounting for 5.82% of the firm’s Q3 securities. At the end of the second quarter, 66 hedge funds observed by Insider Monkey reported owning stakes in PepsiCo, Inc. (NASDAQ:PEP), worth $5.19 billion. This is an increase from 61 funds in the preceding quarter, with a total stake value of $4.88 billion. 

On October 5, PepsiCo, Inc. (NASDAQ:PEP) posted Q3 earnings. The EPS came in at $1.79, beating estimates by $0.06. Revenue for the quarter totaled $20.19 billion, up 11.6% year-over-year. The Q3 earnings beat resulted in an Overweight rating from Barclays analyst Lauren Lieberman on October 7, with a $168 price target, up from $165. 

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