PepsiCo, Inc. (PEP) in Fidelity Select Consumer Staples Portfolio Q2 2024

Global Beverage and Snack Leader with Strategic Growth Initiatives

Apr 15, 2025

Summary

Strong presence in the soft drinks and non-alcoholic beverages market.
Benefiting from industry consolidation and global volume growth.
Potential risks from consumer price sensitivity and competitive pressures.
Ranked as the eighth-largest holding in the fund.
Focus on strategic growth initiatives and sustainable earnings.

PepsiCo, Inc. (PEP, Financial) was ranked as the eighth-largest holding in the Fidelity Select Consumer Staples Portfolio Q2 2024. The company is a global leader in the soft drinks and non-alcoholic beverages market, benefiting from industry consolidation and global volume growth. The fund manager emphasized PepsiCo's focus on strategic growth initiatives and sustainable earnings, although consumer price sensitivity and competitive pressures remain potential risks.

"As we start July, Keurig Dr. Pepper and Coca-Cola are the fund's top holdings and overweights, while PepsiCo is No. 8." — Fidelity Select Consumer Staples Portfolio, Q2 2024 Fund Letter

Read full letter at gurufocus fidelity select consumer staples portfolio q2 2024 review 2024 Q2 page.

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