PepsiCo
Founded by Caleb Bradham in 1965 in New Bern, North Carolina, one needs to live under a rock not to know about PepsiCo, which doesn’t only offer beverages but also food and snacks. Valued at close to $200 billion, the brand has faced sluggish demand because the pandemic had halted food chains, restaurants, bars, and cinemas’ operations.
Lindsell Train, however, wasn’t dissuaded and had, in fact, boosted its stake in the soft drinks company. The hedge fund had bet big on PepsiCo, buying 40,500 shares more in 2020, bringing its total shares to nearly five million. This accounts for 11.2 percent of the firm’s portfolio value.
