5 Best Stocks to Buy in Falling Markets According to Hedge Funds

3. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 68

Ranked 3rd in our list of best stocks to buy in falling markets, PepsiCo, Inc. (NASDAQ:PEP) is one of the world’s largest and oldest branded beverage producers. Founded in 1898, the company distributes its products globally. With a diverse convenient product portfolio, PepsiCo, Inc. (NASDAQ:PEP) lies in the consumer staples sector and thus the shares are recession resilient when uncertainties hit. Some of PepsiCo, Inc. (NASDAQ:PEP) brands include Gatorade, Lay’s, Kurkure, Doritos, Pepsi-Cola, Mountain Dew, Cheetos, Quaker, Aquafina, Ruffles, Sabritas, Tostitos, 7UP, Mirinda, Pepsi Black, Toddy, SodaStream, Chipsy, Walkers, White Star, Smith’s, Sting, Lubimy Sad, Pepsi, and others.

PepsiCo, Inc. (NASDAQ:PEP) was a part of 68 hedge fund portfolios at the end of Q2 2023, as per Insider Monkey’s database. The largest shareholder was Fundsmith LLP which retained 6.6 million shares of the New York-based beverage manufacturer that were worth $1.2 billion. In the last 5 years, its shares have surged roughly 51%.