PepsiCo Remains a Popular Choice for Dividend Investors

We just covered the 10 Most Undervalued Dividend Growth Stocks According to Hedge Funds and PepsiCo (PEP) ranks 10th on this list.

Insider Monkey tracks more than 1000 hedge funds and 68 of these funds had a bullish long position in PEP stock. Being a popular stock among hedge funds isn’t the only reason why PEP made our list. PEP is also among the select group of companies that consistently increased their dividends for more than 30 years.

PepsiCo, Inc. (NASDAQ:PEP) pays dividends quarterly...