5 Best Food Dividend Stocks To Buy Now

In this article, we discuss 5 best food dividend stocks to buy now. If you want to read our detailed analysis of the food industry and its previous performance, go directly to read 13 Best Food Dividend Stocks To Buy Now. 

5. The Hershey Company (NYSE:HSY)

Number of Hedge Fund Holders: 42

The Hershey Company (NYSE:HSY) is a prominent global confectionery manufacturer known for its chocolates, candies, and other sweet treats. The company currently pays a quarterly dividend of $1.192 per share, having raised it by 15% in July this year. This was the company’s 14th consecutive year of dividend growth, which makes HSY one of the best dividend stocks from the food sector. The stock has a dividend yield of 2.53%, as of November 27.

At the end of Q3 2023, 42 hedge funds tracked by Insider Monkey reported having stakes in The Hershey Company (NYSE:HSY), compared with 43 in the preceding quarter. The total value of these stakes is roughly $760 million. Among these hedge funds, Alyeska Investment Group was the company’s leading stakeholder in Q3.

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

Number of Hedge Fund Holders: 51

A global snack, food, and beverage company, Mondelez International, Inc. (NASDAQ:MDLZ) is next on our list of the best dividend stocks from the food sector. The company pays a quarterly dividend of $0.425 per share and has been raising its dividends for 10 consecutive years. The stock’s dividend yield on November 27 came in at 2.38%.

The number of hedge funds tracked by Insider Monkey owning stakes in Mondelez International, Inc. (NASDAQ:MDLZ) stood at 51 in Q3 2023. The collective value of these stakes is over $1.33 billion.

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

Number of Hedge Fund Holders: 57

The Coca-Cola Company (NYSE:KO) is an American multinational snack and beverage company. The company has consistently increased its dividends for 61 years. Each quarter, it offers shareholders a dividend of $0.46 per share and as of November 27, the stock has a dividend yield of 3.15%.

As of the end of September 2023, 57 hedge funds in Insider Monkey’s database owned stakes in The Coca-Cola Company (NYSE:KO), down from 61 in the preceding quarter. The total value of these stakes is over $25 billion. Warren Buffett’s Berkshire Hathaway was the company’s largest stakeholder in Q3.

2. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 60

Starbucks Corporation (NASDAQ:SBUX) is a global coffeehouse chain that specializes in providing a variety of coffee-based beverages, snacks, and other food items. The company has been growing its dividends for 13 consecutive years and it currently offers a quarterly dividend of $0.57 per share. The stock has a dividend yield of 2.23%, as of November 27.

At the end of September 2023, 60 hedge funds owned stakes in Starbucks Corporation (NASDAQ:SBUX), up from 59 in the previous quarter, as per Insider Monkey’s database. The collective value of these stakes is over $2.7 billion.

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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