5 Best Beverage Stocks with Dividends

In this article, we discuss 5 best beverage stocks with dividends. If you want to read our detailed analysis of the beverage industry and its outlook, go directly to read 10 Best Beverage Stocks with Dividends. 

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

Number of Hedge Fund Holders: 55

Mondelez International, Inc. (NASDAQ:MDLZ) is an American multinational food, confectionery, and beverage company. The company was a part of 55 hedge fund portfolios at the end of Q2 2023, up from 51 in the previous quarter, as per Insider Monkey’s database. The collective value of stakes owned by these hedge funds is over $1.7 billion.

Mondelez International, Inc. (NASDAQ:MDLZ) is one of the best beverage stocks with dividends as the company has been growing its payouts for nine consecutive years. It currently pays a quarterly dividend of $0.385 per share and its dividend yield on September 25 came in at 2.44%.

4. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 59

Starbucks Corporation (NASDAQ:SBUX) is a Washington-based multinational coffeehouse chain and coffee company that also specializes in a wide range of beverages. On September 20, the company announced a 7.5% hike in its quarterly dividend to $0.57 per share. Through this increase, the company took its dividend growth streak to 13 years, which makes it one of the best beverage stocks with dividends. As of September 25, the stock has a dividend yield of 2.46%.

At the end of June 2023, 59 hedge funds in Insider Monkey’s database reported having stakes in Starbucks Corporation (NASDAQ:SBUX), worth collectively $1.44 billion.

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

Number of Hedge Fund Holders: 61

The Coca-Cola Company (NYSE:KO) is next on our list of the best beverage stocks with dividends. The American multinational beverage company has been growing its dividends consistently for the past 61 years and currently pays a quarterly dividend of $0.46 per share. The stock’s dividend yield on September 25 came in at 3.23%.

Of the 910 hedge funds tracked by Insider Monkey at the end of Q2, 61 hedge funds owned stakes in The Coca-Cola Company (NYSE:KO), the same as in the previous quarter. The overall value of these stakes is over $27.2 billion. With 400 million shares, Berkshire Hathaway was the company’s leading stakeholder in Q2.

2. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 68

An American multinational fast-food chain, McDonald’s Corporation (NYSE:MCD) also offers a variety of beverages as a part of its menu. The company holds a 46-year streak of consistent dividend growth and pays a quarterly dividend of $1.52 per share. The stock has a dividend yield of 2.25%, as of September 25.

The number of hedge funds tracked by Insider Monkey owning stakes in McDonald’s Corporation (NYSE:MCD) jumped to 68 in Q2 2023, from 64 in the previous quarter. The consolidated value of these stakes is over $4.2 billion.

1. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 68

PepsiCo, Inc. (NASDAQ:PEP) tops our list of the best beverage stocks with dividends. The company is a Dividend King with 51 years of consistent dividend growth. It currently pays a quarterly dividend of $1.265 per share and has a dividend yield of 2.90%, as of September 25.

As of the close of Q2 2-23, 68 hedge funds tracked by Insider Monkey reported having stakes in PepsiCo, Inc. (NASDAQ:PEP), down from 70 in the previous quarter. The total value of these stakes is over $3.5 billion.

You can also take a look at 14 Best Dividend Kings Stocks to Buy Now and 14 Best Basic Materials Stocks To Buy Now

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