10 Best Passive Income Stocks to Buy Now

4. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 71

PepsiCo, Inc. (NASDAQ:PEP) is one of the best dividend stocks for passive income. The company’s earnings in the first quarter of 2025 came in strong, with its revenue of $17.9 billion beating estimates by $190 million. In its earnings report, the company noted that its operations stayed resilient despite the growing complexity of geopolitical and macroeconomic challenges in the first quarter. Looking ahead, management anticipates increased volatility and uncertainty, especially concerning global trade, which is likely to drive up supply chain costs. In addition, consumer demand remains muted across several markets, with the outlook continuing to be uncertain.

PepsiCo, Inc. (NASDAQ:PEP) is a Dividend King with 53 consecutive years of dividend growth under its belt. The company’s quarterly dividend comes in at $1.4225 per share and has a dividend yield of 4.19%, as of July 10.

PepsiCo, Inc. (NASDAQ:PEP) is a worldwide leader in the food and beverage industry, involved in producing, marketing, and distributing a diverse range of products around the globe. The company is recognized for its well-known brands such as Pepsi, Frito-Lay, Gatorade, and Quaker Oats, offering popular snacks, drinks, and other food items.