5 Best Beverage Dividend Stocks To Buy Now

In this article, we discuss 5 best beverage dividend stocks to buy now. If you want to read our detailed analysis of the beverage industry and its outlook, go directly to read 10 Best Beverage Dividend Stocks To Buy Now. 

5. Mondelez International, Inc. (NASDAQ:MDLZ)

Number of Hedge Fund Holders: 51

Mondelez International, Inc. (NASDAQ:MDLZ) is an American food, beverage, and confectionery company. Its current quarterly dividend comes in at $0.425 per share for a dividend yield of 2.55%, as of April 13. It is one of the best beverage dividend stocks on our list as the company has been rewarding shareholders with growing dividends for the past 10 years.

Mondelez International, Inc. (NASDAQ:MDLZ) was a part of 51 hedge fund portfolios, the same as in the previous quarter, as per Insider Monkey’s database. The stakes owned by these hedge funds have a collective value of over $1.3 billion. With over 3.2 million shares, Holocene Advisors was the company’s leading stakeholder in Q4.

4. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 59

Starbucks Corporation (NASDAQ:SBUX) is a multinational chain of coffeehouses that specializes in a wide range of coffee beverages. The company announced a quarterly dividend of $0.57 per share, which was consistent with its previous dividend. It has been growing its dividends regularly for the past 13 years, coming through as one of the best beverage stocks on our list. As of April 13, the stock has a dividend yield of 2.68%.

According to Insider Monkey’s database of Q4 2023, 59 hedge funds held stakes in Starbucks Corporation (NASDAQ:SBUX), down slightly from 60 in the preceding quarter. These stakes have a total value of over $3.6 billion. Among these hedge funds, Fisher Asset Management was the company’s leading stakeholder in Q4.

3. The Coca-Cola Company (NYSE:KO)

Number of Hedge Fund Holders: 62

The Coca-Cola Company (NYSE:KO) is next on our list of the best beverage stocks that pay dividends. Warren Buffett’s favorite company has raised its dividends for 62 years straight and currently offers a quarterly dividend of $0.485 per share. The stock’s dividend yield on April 13 came in at 3.33%.

At the end of December 2023, 62 hedge funds tracked by Insider Monkey held stakes in The Coca-Cola Company (NYSE:KO), up from 58 in the previous quarter. These stakes are valued at nearly $27 billion in total.

2. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 63

An American multinational fast-food chain, McDonald’s Corporation (NYSE:MCD) also specializes in a wide range of beverages and other drinks. The company pays a quarterly dividend of $0.67 per share and has a dividend yield of 2.50%, as of April 13. With a dividend growth streak of 47 years, MCD is one of the best beverage dividend stocks on our list.

At the end of Q4 2023, 63 hedge funds held stakes in McDonald’s Corporation (NYSE:MCD), compared with 70 in the previous quarter, as per Insider Monkey’s database. The consolidated worth of these stakes is over $2.09 billion. Ken Giffin’s Citadel Investment Group was the company’s leading stakeholder in Q4.

1. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 64

PepsiCo, Inc. (NASDAQ:PEP) tops our list of the best beverage stocks with dividends. The multinational beverage and snack company has grown its payouts for 52 years in a row and its annual dividend stands at $5.42 per share. The stock has a dividend yield of 3.01%, as of April 13.

Insider Monkey’s database of Q4 2023 showed that 64 hedge funds held stakes in PepsiCo, Inc. (NASDAQ:PEP), compared with 65 in the previous quarter. These stakes have a collective value of more than $4.5 billion.

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