12 Best Defensive Stocks To Buy Right Now

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11. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 58   

PepsiCo, Inc. (NASDAQ:PEP) manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. It boasts a broad range of consumer staples, including beverages like Pepsi and Gatorade, and snack brands such as Lay’s and Quaker Oats. These products are daily essentials, ensuring consistent demand regardless of economic fluctuations. Operating in over 200 countries, the extensive international footprint mitigates risks associated with regional economic downturns. This global diversification helps maintain steady revenue streams. In the second quarter of 2024, PepsiCo reported a net income increase of 12% to $3 billion, or an adjusted $2.28 per share, surpassing analyst expectations. The firm also has a strong history of returning value to shareholders through dividends.

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