10 Best Dividend-Paying Beverage Stocks to Buy

3. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 58

PepsiCo, Inc. (NASDAQ:PEP) is a leading food and beverage company serving more than 200 countries and territories around the globe. One of the best-known names in the business, the company owns a diverse portfolio of iconic brands such as Pepsi, Mountain Dew, Gatorade, Lay’s, Doritos, and Quaker.

PepsiCo, Inc. (NASDAQ:PEP) reported mixed results in Q4 2024 with net sales falling 0.2% to $27.78 billion, missing estimates of $27.89 billion. Though its worldwide volume increased by 1% for convenient foods and beverages, the company continues to battle a weakening demand in the United States, its largest market. PepsiCo raised its annual dividend by 5% to $5.69 per share this month, maintaining its strong track record of increasing its payouts for 53 consecutive years and putting it among the 10 Best Dividend King Stocks to Invest in Now.

Shares of PepsiCo, Inc. (NASDAQ:PEP) have been hovering around a 3-year low as investors shift their focus toward higher-growth stocks, compounded by external risks such as deglobalization and concerns surrounding the adoption of GLP-1 drugs. However, this presents a rare opportunity to acquire PepsiCo at a significant discount since it represents an excellent long-term investment with favorable risk-reward dynamics. With its proven track record, stable growth, and attractive dividend yield, PepsiCo, Inc. (NASDAQ:PEP) is included in our list of the Best Beverage Dividend Stocks to Buy in 2025.