12 Best Long-term Stocks to Invest in for High Returns

7) PepsiCo, Inc. (NASDAQ:PEP)

Average Upside Potential: 26.5%

Number of Hedge Fund Holders: 58

PepsiCo, Inc. (NASDAQ:PEP) is engaged in the manufacturing, marketing, distribution, and sale of various beverages and convenient foods. The company plans to build upon the successful expansion of its international business, while also taking actions to improve performance in North America. Its multiyear productivity initiatives are expected to finance disciplined commercial investments and profitability. Therefore, PepsiCo, Inc. (NASDAQ:PEP) expects to deliver low-single-digit organic revenue growth and mid-single-digit core constant currency EPS growth in 2025.

Piper Sandler maintained an “Overweight” rating on the company’s stock with a steady price target of $171.00. The firm remains focused on PepsiCo, Inc. (NASDAQ:PEP)’s potential rebound in 2025, mainly through its Doritos brand. Emerging markets continue to provide significant expansion opportunities. PepsiCo, Inc. (NASDAQ:PEP)’s global scale and healthy brand portfolio place it well to capitalize on increasing consumer incomes and changing dietary habits in such regions.

The company announced that it has closed the acquisition of Garza Food Ventures LLC, dba Siete Foods for $1.2 billion. Over the past 2 decades, PepsiCo, Inc. (NASDAQ:PEP) has continued to transform its portfolio. With Siete, it plans to further expand its portfolio of products with nutritious, simple foods and ingredients.