Louis Navellier’s Top 15 Long-Term Stock Picks

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10. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 58   

Navellier & Associates’ Stake: $5.1 million  

PepsiCo, Inc. (NASDAQ:PEP) manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The financial performance of the firm is as solid as ever. As per the report of the second quarter of 2024, the company posted net revenues of $24.19 billion, marking a 4% increase year-over-year and net income was $3.05 billion, marking a solid 6% growth compared to the same period in the last year. These figures show the company’s operational efficiency and strong brand portfolio. PepsiCo also plans on reducing plastic usage, conserving at least 140,000 hectares by the end of 2025 and reducing absolute greenhouse gas emissions across the value chain by more than 40% to achieve net-zero emissions by 2040. In a nutshell, the company’s commitment and efforts reflect a forward-thinking approach, which serves as a solid foundation for investors seeking companies with strong net worth and sustainable development programs.

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