S&P 500 Dividend Aristocrats List: Top 10 Picks by Hedge Funds

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9. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 70

PepsiCo, Inc. (NASDAQ:PEP) is a multinational food, beverage, and snack company, headquartered in New York. In May 2023, the company hiked its dividend for the 51st consecutive year, which makes it one of the best dividend aristocrat stocks on our list. It currently pays a quarterly dividend of $1.265 per share and offers a dividend yield of 2.76%, as of May 29.

The number of hedge funds tracked by Insider Monkey owning stakes in PepsiCo, Inc. (NASDAQ:PEP) stood at 70 in Q1 2023, the same as in the previous quarter. The total value of these stakes is over $4 billion.

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