10 Best Packaged Food Stocks to Buy Now

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1. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 69

PepsiCo, Inc. (NASDAQ:PEP) manufactures, markets, distributes, and sells packaged food, snacks, and beverages. The company operates in the following segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).

PepsiCo, Inc. (NASDAQ:PEP) has a strong cash position and generated $12.5 billion in operating cash flow during fiscal year 2024. Operating profit rose from $11.9 billion in fiscal year 2023 to $12.8 billion, while net income improved by reaching $9.6 billion. The company also maintained steady revenue of $91.8 billion, a slight increase from last year. It plans to return approximately $7.6 billion to shareholders this fiscal year through dividend payments.

For 2025, PepsiCo, Inc. (NASDAQ:PEP) expects low-single-digit organic revenue growth and mid-single-digit growth in core constant currency earnings per share (EPS).

Overall, PEP ranks first among the 10 best packaged food stocks to buy now. While we acknowledge the potential of packaged food stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PEP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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