14 Best Food Dividend Stocks To Buy According to Analysts

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9. PepsiCo, Inc. (NASDAQ:PEP)

Analyst Upside Potential as of October 5: 10.4%

PepsiCo, Inc. (NASDAQ:PEP) is an American beverage and snack company. Its beverage portfolio includes Pepsi, Mountain Dew, and Gatorade, and its food division has well-known brands such as Lay’s, Doritos, Quaker Oats, and Cheetos. The company has multiple revenue streams. Soda, water, sports drinks, energy drinks, snacks — all of that adds up. Snacks alone are more than half of what they bring in.

It’s not just the US either. Almost 40% of sales and profits come from other countries. People keep buying these products even when the economy isn’t great, so the business stays steady. In addition, the dividend makes it an appealing option for income investors.

Due to its multiple revenue options, PepsiCo, Inc. (NASDAQ:PEP) ‘s cash flow has always remained stable. This has resulted in the company growing its payouts for 53 years in a row. Currently, the company’s dividend sits at $1.4225 per share for a dividend yield of 4.01%, as of October 5.

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