5 Consumer Stocks that Pay Dividends

In this article, we discuss the 5 consumer stocks that pay dividends. In order to read our detailed analysis of these dividend stocks, go directly to 10 Consumer Stocks that Pay Dividends.

5. PepsiCo, Inc. (NYSE:PEP)

Number of Hedge Fund Holders: 60

Dividend Yield (as of March 8): 2.72%

PepsiCo, Inc. (NYSE:PEP) is a consumer staple company that sells beverages and convenience foods around the world, and is known as a dividend king, having grown its payout to shareholders for 49 consecutive years. As of March 8, PepsiCo, Inc. (NYSE:PEP) offers a dividend yield of 2.72%, and has seen its share price gain 19.61% in the last 12 months, and 1.75% in the last 6 months.

On February 14, Barclays analyst Lauren Lieberman lowered the firm’s price target on PepsiCo, Inc. (NYSE:PEP) to $180 from $186 and kept an ‘Overweight’ rating on the company shares. The analyst noted that the firm is guiding estimates towards the higher end of its long-term sales growth algorithm for 2022.

As of Q4 2021, 60 out of the 924 elite hedge funds tracked by Insider Monkey were long PepsiCo, Inc. (NYSE:PEP), with combined holdings worth $4.64 billion. This is down from 61 hedge funds in the previous quarter with combined positions worth $4.43 billion. Fundsmith LLP was the largest shareholder in PepsiCo, Inc. (NYSE:PEP) at the close of the fourth quarter, with 10.41 million shares valued at $1.80 billion, signaling a 4% increase in holding from the preceding quarter.

On March 7, PepsiCo, Inc. (NYSE:PEP) announced that it was suspending sales of its Pepsi-Cola, Miranda, 7Up and other beverages in Russia, after facing increasing international pressure to do so. The firm generated more than 2% of its total revenue from the Russian market, but now will only continue to supply essential products such as milk, dairy products, baby food and baby formula. It will also cease all capital investments and promotional activities in the country.