5 Stocks Most Affected by Inflation

2. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 72

PepsiCo, Inc. (NASDAQ:PEP) is a Harrison, New York-based manufacturer, distributor, and marketer of beverages and snacks.

Due to rising inflation, PepsiCo, Inc. (NASDAQ:PEP) has been forced to cut down hundreds of jobs to improve efficiency and lower costs. The snack segment of the business has initiated a voluntary retirement program in the states of Illinois and Texas. Although the sales of snack divisions increased by 16% YoY during Q3 2022, the growth was driven due to a 17% rise in prices. This reflects that unit sales observed a YoY decline. PepsiCo, Inc. (NASDAQ:PEP) has been able to increase prices and pass on the impact of inflation to consumers due to its strong brand image.

PepsiCo, Inc. (NASDAQ:PEP) was held by 72 hedge funds at the end of the third quarter of the year.

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