10 Best Stocks For Dividends

Page 4 of 10

7. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 65

PepsiCo, Inc. (NASDAQ:PEP) is renowned for its wide range of beverage products, including soft drinks, juices, enhanced water, and ready-to-drink teas. In addition to beverages, PepsiCo offers a diverse portfolio of snack and food products. The company pays a quarterly dividend of $1.265 per share and has a dividend yield of 3.05%, as of December 21. It is one of the best dividend stocks on our list as the company has been growing its dividends for the past 51 years.

As per Insider Monkey’s database of Q3 2023, 65 hedge funds reported having stakes in PepsiCo, Inc. (NASDAQ:PEP), compared with 68 in the preceding quarter. These stakes have a collective value of nearly $4.3 billion. With roughly 8 million shares, Fisher Asset Management was the company’s largest stakeholder in Q3.

Follow Pepsico Inc (NASDAQ:PEP)

Page 4 of 10