5 Most Profitable Food Stocks

2. PepsiCo, Inc. (NASDAQ:PEP)

Latest TTM Net Worth: $8.29 billion

Number of Hedge Fund Holders: 65

PepsiCo, Inc. (NASDAQ:PEP), a multinational food, snack, and beverage corporation known for its diverse portfolio of popular brands, announced on November 16 a quarterly dividend of $1.265 per share, maintaining consistency with its prior dividend. With an impressive track record of increasing dividends for 51 consecutive years, PepsiCo remains a notable choice for investment. As of December 20, the stock presents a dividend yield of 3.05%.

As of the close of Q3 2023, Insider Monkey reported that 65 hedge funds held stakes in PepsiCo, Inc. (NASDAQ:PEP), a slight decrease from the 68 funds in the previous quarter. The cumulative value of these stakes approximates $4.3 billion.