12 Safest Stocks to Buy According to Hedge Funds

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11. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 58   

PepsiCo, Inc. (NASDAQ:PEP) manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. This company presents an exceptional investment opportunity for several reasons. Firstly, as per the report for the third quarter of 2024, total cash returns to shareholders were $8.2 billion, comprising dividends of $7.2 billion and share repurchases of $1 billion, which demonstrates the company’s strategy to reward its investors while maintaining a strong financial position. In addition, the company has a great record of 52 consecutive years of dividend growth, surpassing the sector median of 2 years by 2,500%. The company has also maintained 52 consecutive years of dividend payments, outperforming the sector median of 14.1 years by 268%, which shows long-term profitability and its commitment to rewarding shareholders.

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