5 Best Stagflation Stocks to Buy Now

1. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 65

PepsiCo, Inc. (NASDAQ:PEP), a multinational beverages and convenient foods company, is one of the best stagflation stocks to buy now. As of September 20, in the last twelve months, PepsiCo, Inc. (NASDAQ:PEP) has recorded a revenue CAGR of 6.82% and a net income CAGR of 8.08%. 

On August 22, Morgan Stanley analyst Dara Mohsenian told investors that he sees a clear top-line upside at PepsiCo, Inc. (NASDAQ:PEP), driven incrementally by accelerating U.S. scanner data quarter-to-date, compared to decelerating forward consensus estimates. This should result in EPS upside and continued stock outperformance. The analyst maintained an Overweight rating on PepsiCo, Inc. (NASDAQ:PEP).

Among the hedge funds tracked by Insider Monkey, 65 funds reported owning stakes in PepsiCo, Inc. (NASDAQ:PEP) at the end of June 2022, compared to 62 funds in the earlier quarter. Terry Smith’s Fundsmith LLP is the leading stakeholder of the company, with over 7 million shares valued at $1.2 billion. 

Here is what ClearBridge Large Cap Value ESG Fund has to say about PepsiCo, Inc. (NYSE:PEP) in its Q2 2022 investor letter:

“Also in the stable and predictable cash flow camp, though with a very different business model, global food and beverage company PepsiCo (NYSE:PEP) reported very strong organic growth in the first quarter, driven by healthy price/mix, and raised revenue guidance, while holding EPS guidance. Notably, its beverage business showed expanding margins.”

You can also take a look at Best Cloud Stocks To Buy and Best Delivery Stocks To Buy. 

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