5 Best Quality Dividend Stocks To Invest In

4. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 65
Dividend Yield as of February 13: 3.00%

PepsiCo, Inc. (NASDAQ:PEP) is a New York-based multinational food and beverage corporation. It is one of the world’s leading companies in the food and beverage industry, with a diverse portfolio of products that includes beverages, snacks, and various other food items. On February 9, the company declared a 7.1% hike in its annual dividend to $5.42 per share. This was the company’s 52nd consecutive year of dividend growth, which makes PEP one of the best quality dividend stocks on our list. As of February 13, the stock has a dividend yield of 3.00%.

Of the 910 hedge funds tracked by Insider Monkey at the end of Q3 2023, 65 funds owned stakes in PepsiCo, Inc. (NASDAQ:PEP), compared with 68 in the preceding quarter. These stakes have a collective value of more than $4.3 billion.