The stock market has done incredibly well over the past 12 months. The same can't be said for consumer food brands like PepsiCo (NASDAQ: PEP). The S&P 500 has posted a 24% total return in the past year, but PepsiCo stock is slightly down as investors worry about declining volumes and the effects of weight-loss drugs on future customer demand.

Despite these fears, PepsiCo just raised its dividend yet again -- marking 52 straight years of dividend increases -- putting its forward dividend yield above 3% for the first time since the March 2020 low. Does that make the stock a good buy for long-term investors?

Continue reading

Source Fool.com