5 Best Food Dividend Stocks To Buy Now

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1. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 65

PepsiCo, Inc. (NASDAQ:PEP) is a multinational food and beverage company known for a diverse portfolio of products. On November 16, the company declared a quarterly dividend of $1.265 per share, which was consistent with its previous dividend. Overall, the company holds a 51-year streak of consistent dividend growth. PEP tops our list of the best dividend stocks from the food sector. The stock has a dividend yield of 3.01%, as of November 27.

At the end of the third quarter of 2023, 65 hedge funds tracked by Insider Monkey held stakes in PepsiCo, Inc. (NASDAQ:PEP), down from 68 in the previous quarter. These stakes are collectively valued at $4.3 billion.

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