12 Best FMCG Stocks to Buy According to Billionaires

6. PepsiCo, Inc. (NASDAQ:PEP)

Number of Billionaire Investors: 14

Number of Hedge Fund Holders: 69

PepsiCo, Inc. (NASDAQ:PEP) is engaged in the manufacturing, marketing, distributing, and selling of various beverages and convenient foods. Morningstar believes that the company is expected to benefit from secular tailwinds in the snack business and an integrated business model enabling more effective commercialization. Furthermore, growth initiatives in certain attractive beverage subcategories (such as energy drinks), as well as numerous emerging markets (including Latin America, Africa, and Asia-Pacific), can also fuel its growth prospects. The firm opines that demand for snacks and beverages remains resilient across economic cycles, and a large end-to-end supply chain provides PepsiCo, Inc. (NASDAQ:PEP) better control over execution, supporting its operations from external shocks.

Notably, demographic and lifestyle shifts can drive global snack consumption. Despite the carbonated soft drink volume waning in the mature markets, the diversity of PepsiCo, Inc. (NASDAQ:PEP)’s beverage portfolio can provide growth opportunities across developed and emerging markets. As the company continues to make investments and develop its international presence, it can capture new markets and consumer segments, fueling broad-based revenue growth. PepsiCo, Inc. (NASDAQ:PEP) remains proactive in addressing challenges and capitalizing on opportunities. Its acquisition strategy continues to be a point of interest.