Donald Yacktman’s Latest Portfolio: Top 5 Stock Picks

2. PepsiCo, Inc. (NYSE:PEP)

Yacktman Asset Management’s Stake Value: $709,361,000

Percentage of Yacktman Asset Management’s 13F Portfolio: 7.35%

Number of Hedge Fund Holders(Q1): 62

PepsiCo, Inc.’s (NYSE:PEP) stock has been flying high this year, registering a 13.12% gain year-to-date. However, its popularity among smart money has remained steady, with 64 hedge funds tracked by us reporting a stake in PepsiCo, Inc. (NYSE:PEP) at the end of March, the same number that reported a stake at the end of 2021.

On August 2, PepsiCo, Inc. (NYSE:PEP) announced that it had signed a strategic agreement with Romanian spring water company AQUA Carpatica to acquire a 20% equity stake in the latter. The company didn’t disclose the terms of this deal, but Silviu Popovici, CEO of PepsiCo Europe, said, “We are confident that AQUA Carpatica’s strong brand equity will resonate with our customers and consumers globally.”