Sanctions on Russia Are Affecting These 5 Stocks

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1. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 60     

PepsiCo, Inc. (NASDAQ:PEP) makes and sells beverages and convenient foods. At the end of the fourth quarter of 2021, 60 hedge funds in the database of Insider Monkey held stakes worth $4.6 billion in PepsiCo, Inc. (NASDAQ:PEP), compared to 61 in the previous quarter worth $4.4 billion.

PepsiCo, Inc. (NASDAQ:PEP) has faced calls to ban operations in Russia as Russia bombs Ukrainian cities. The company, which generates over 2% of total revenue from the Russian market, has so far not heeded these calls. However, the pressure is mounting as the US moves to ban Russian energy exports as well, risking a surge in oil prices and indicative of a tougher policy stance against the war. 

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