5 Best FMCG Stocks To Buy Now

3. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 68

PepsiCo, Inc. (NASDAQ:PEP), headquartered in Purchase, New York, is a prominent American multinational corporation in the food, snack, and beverage industry. Known for its strong financial foundation, this leading player in the beverage industry has maintained an impressive streak of dividend growth spanning 51 years. Currently, it pays a quarterly dividend of $1.265 per share, resulting in a dividend yield of 3.17% as of October 28.

As of the end of Q2 2023, PepsiCo, Inc. (NASDAQ:PEP) was held in the portfolios of 68 hedge funds, as per Insider Monkey’s database. Fundsmith LLP was the largest stakeholder, with holdings of 6.6 million shares in this New York-based beverage manufacturer, valued at $1.2 billion. Remarkably, the company’s shares have shown significant growth of around 51% over the past five years.