PEP Stock News: PepsiCo Raises Quarterly Dividend for 52nd Consecutive Year

PepsiCo Inc., the multinational food and beverage company, announced that it has increased its quarterly dividend for the 52nd consecutive year. The company's strong financial performance and commitment to shareholder returns have allowed it to continue this impressive streak. This decision reflects PepsiCo's confidence in its ability to generate solid cash flow and deliver sustainable long-term growth. As a result, many hedge funds have identified PepsiCo as a top food stock pick. It is recommended to seek professional advice from Stocks Prognosis to get a forecast on the movement of PepsiCo's stock.