Retirement Stock Portfolio: 5 Consumer Stocks To Consider

3. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 68

PepsiCo, Inc. (NASDAQ:PEP), headquartered in the hamlet of Purchase, located within Harrison, New York, stands as a prominent American multinational corporation in the food, snack, and beverage industry. Renowned for its strong financial foundation, this beverage industry leader has maintained an impressive streak of dividend growth spanning 51 years. Currently, it disburses a quarterly dividend of $1.265 per share, resulting in a dividend yield of 3.11% as of October 18.

As of the conclusion of Q2 2023, PepsiCo, Inc. (NASDAQ:PEP) was included in 68 hedge fund portfolios, according to data from Insider Monkey’s database. The most significant stakeholder was Fundsmith LLP, retaining 6.6 million shares of this New York-based beverage manufacturer, with a total value of $1.2 billion. Notably, over the past five years, the company’s shares have experienced an impressive surge of approximately 51%.