5 Best Long-Term Dividend Stocks to Buy and Hold

3. PepsiCo Inc (NASDAQ: PEP)

Number of Hedge Funds: 56

Value of Hedge Fund Holdings: $4.2 billion

Pepsi is one of the 10 best long-term dividend stocks to buy and hold. The beverage company earlier in 2021 increased its quarterly dividend by 7%. Pepsi has paid consecutive quarterly cash dividends since 1965. Last year, it announced 48th straight annual dividend increase. One of the leading hedge funds having stakes in the company is  Donald Yacktman’s Yacktman Asset Management. The fund has a $481 million stake in the company, as of the end of December 2020.

JPMorgan in January downgraded PEP stock.