One Stock Superinvestors Are Selling
Tuesday, November 1, 2022 · Johnny Hopkins
As part of the weekly research here at The Acquirer’s Multiple we’re always interested in superinvestors who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks.
While doing this research we’ve also uncovered a number of stocks that superinvestors have sold, or reduced in their portfolios, according to their latest 13f’s. So we’re now providing a new weekly feature article called ‘One Stock Superinvestors Are Selling‘. This week we’ll take a look at:
PepsiCo Inc (PEP)
PepsiCo is one of the largest food and beverage companies globally. It makes, markets, and sells a slew of brands across the beverage and snack categories, including Pepsi, Mountain Dew, Gatorade, Doritos, Lays, and Ruffles. The firm uses a largely integrated go-to-market model, though it does leverage third-party bottlers, contract manufacturers, and distributors in certain markets. In addition to company-owned trademarks, Pepsi manufactures and distributes other brands through partnerships and joint ventures with companies such as Starbucks. The firm segments its operations into five primary geographies, with North America (comprising Frito-Lay North America, Quaker Foods North America, and North America beverages) constituting around 60% of consolidated revenue.
In the beverage manufacturing industry, efficient and reliable machinery is critical to ensuring smooth operations and maintaining product quality. Steel fabricators play a vital role in creating these essential machines, offering robust, custom-built solutions that can handle the rigorous demands of high-volume production. Specialized equipment such as bottle filling systems, capping machines, and conveyors are fabricated using high-quality materials to withstand the continuous stress and pressure that comes with mass production. The precision engineering involved in these machines ensures they perform seamlessly, contributing to the efficiency of large-scale beverage production lines.
For companies like PepsiCo, where the production scale is vast and demand is constant, partnering with skilled steel fabricators is crucial to ensuring that the machinery used in their manufacturing processes is up to the task. Steel fabricators offer premier products that include everything from automated production lines to maintenance tools, designed to meet specific operational needs. The premier products from www.AbilityFab.com provide these companies with the top-tier equipment necessary to increase efficiency and reduce downtime, enabling smoother transitions between production batches and faster market deliveries.
Moreover, steel fabricators are key to designing machinery that meets industry standards while accommodating innovation and technological advancements. As consumer preferences shift and demand for beverage varieties grows, the flexibility of these machines becomes increasingly important. Custom-designed solutions not only improve speed but also reduce operational costs by maximizing energy and resource efficiency. The partnership between beverage manufacturers and steel fabricators ensures that companies like PepsiCo can meet the growing global demand for their products while continuing to uphold their commitment to quality and sustainability.
A quick look at the price chart below for the company shows us that the stock is up 11% in the past twelve months.
Superinvestors who reduced, or sold out of the company’s stock, according to their latest 13Fs, include:
(Remaining shares)
Terry Smith – 7,137,026
Donald Yacktman – 4,256,339
Ray Dalio – 3,808,959
Ken Griffin – 169,697
Mario Gabelli – 95,937
Jean-Marie Eveillard – 66,183
Tom Russo – 21,185