In this article, we will be taking a look at the 5 best dividend aristocrats with over 3% yield. If you wish to see our detailed analysis of dividend investing, you can go directly to see the 11 Best Dividend Aristocrats with over 3% Yield.
5. Kellogg Company (NYSE:K)
Number of Hedge Fund Holders: 32
Dividend Yield: 3.68%
Kellogg Company (NYSE:K) is a multinational plant-based food manufacturing company based in Michigan. Specializing in ready-to-eat cereals, among other breakfast staples, the company ranks fifth on our list of the 11 best dividend aristocrats with over 3% yield.
For the second quarter of 2021, Kellogg Company (NYSE:K) reported earnings per share at $1.14, beating the forecast estimates by $0.11. The company’s revenue for the quarter was $3.56 billion, beating market estimates by $123.56 million.
On September 21, Morgan Stanley analyst Pamela Kaufman assumed coverage of Kellogg Company (NYSE:K) with an Equal Weight rating alongside a price target of $64 on its shares.
By the end of the second quarter of 2021, 32 hedge funds out of the 873 tracked by Insider Monkey held stakes in Kellogg Company (NYSE:K) worth roughly $482.8 million. The number of hedge funds that held stakes within the company remained unchanged through the first and second quarters of 2021.
Out of the hedge funds being tracked by Insider Monkey, the Boston-based investment firm, Arrowstreet Capital, is among the leading shareholders in Kellogg Company (NYSE:K) with 1.76 million share worth $113.5 million.
4. Cardinal Health, Inc. (NYSE:CAH)
Number of Hedge Fund Holders: 40
Dividend Yield: 4.03%
Cardinal Health, Inc. (NYSE:CAH) is a multinational Healthcare services company that provides pharmaceutical products and medical services to pharmacies and hospitals. Headquartered in Ohio, the Healthcare company comes in at fourth on our list of the 11 best dividend aristocrats with over 3% yield.
In August of 2021, Deutsche Bank kept a Hold rating on shares of Cardinal Health, Inc. (NYSE:CAH), alongside a price target of $51.
The company last released its quarterly earnings report on August 5, with reported earnings per share of $0.77, missing estimates by $0.43. The company’s revenue came in at $42.59 billion, surpassing the estimated revenue by $2.37 billion.
By the end of the second quarter of 2021, 40 hedge funds out of the 873 tracked by Insider Monkey held stakes in Cardinal Health, Inc. (NYSE: CAH) worth roughly $897 million. This is compared to 39 hedge funds in the previous quarter with a total stake value of approximately $967 million.
3. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)
Number of Hedge Fund Holders: 41
Dividend Yield: 4.09%
Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is a holding company that owns and operates the retail pharmacy chains named Walgreens and Boots, among other pharmaceutical manufacturing companies. Ranked third on our list of the 11 best dividend aristocrats with over 3% yield, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) has a market capitalization of $40.27 billion.
This August, Barclays analyst Steve Valiquette held a $53 price target on Walgreens Boots Alliance, Inc. (NASDAQ:WBA) alongside an Equal Weight rating on the shares of the company.
By the end of the second quarter of 2021, 41 hedge funds out of the 873 tracked by Insider Monkey held stakes in Walgreens Boots Alliance, Inc. (NASDAQ: WBA) worth roughly $1.1 billion. This is compared to 41 hedge funds in the previous quarter with a total stake value of approximately $1.1 billion.
On July 1, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) issued its quarterly earnings report, declaring its EPS at $1.38, beating estimates by $0.23, while the company’s revenue was reported to be $34.03 billion, crossing estimates by $526.6 million.
2. Newmont Corporation (NYSE:NEM)
Number of Hedge Fund Holders: 55
Dividend Yield: 4.13%
Newmont Corporation (NYSE:NEM) is a Colorado-based materials company involved in the production and exploration of precious metals and minerals, including gold, silver and zinc, among others. The company ranks second on our list of the 11 best dividend aristocrats with over 3% yield.
In the second quarter of 2021, Newmont Corporation (NYSE: NEM) had an EPS of $0.83, beating estimates by $0.06. The company’s revenue was $3.06 billion, an increase of over 29.6% on a year-over-year basis, although missing the predicted revenues by $47.30 million.
By the end of the second quarter of 2021, 55 hedge funds out of the 873 tracked by Insider Monkey held stakes in Newmont Corporation (NYSE:NEM) worth roughly $1.3 billion. This is compared to 43 hedge funds in the previous quarter with a total stake value of approximately $994 million.
This September, KeyBanc analyst Adam Josephson initiated coverage of Newmont Corporation (NYSE:NEM) with a Sector Weight rating on its shares.
Out of the hedge funds being tracked by Insider Monkey, New York-based First Eagle Investment Management is a leading shareholder in Newmont Corporation (NYSE:NEM) with 18.4 million share worth $1.16 billion.
1. The Kraft Heinz Company (NASDAQ:KHC)
Number of Hedge Fund Holders: 33
Dividend Yield: 4.31%
The Kraft Heinz Company (NASDAQ:KHC), more commonly known simply as Kraft Heinz, is one of the world’s leading food and beverage companies. The Illinoi-based company ranks first on our list of the 11 best dividend aristocrats with over 3% yield.
By the end of the second quarter of 2021, 33 hedge funds out of the 873 tracked by Insider Monkey held stakes in The Kraft Heinz Company (NASDAQ:KHC) worth roughly $13.57 billion. The number of hedge funds that held stakes within the company remained the same for the first and second quarter of 2021.
On September 21, Morgan Stanley analyst Pamela Kaufman initiated coverage of The Kraft Heinz Company (NASDAQ:KHC) with an Equal Weight rating alongside a price target of $37 on its shares.
On August 4, the company issued its quarterly earnings report for the second quarter of 2021, with earnings per share at $0.78, crossing market estimates by $0.06. Additionally, the revenue for the quarter came in at $6.62 billion, surpassing the predicted revenue by $65.74 million.
Out of the hedge funds being tracked by Insider Monkey, Warren Buffett’s Berkshire Hathaway is a leading shareholder in The Kraft Heinz Company (NASDAQ:KHC) with 325.6 million shares worth over $13.2 billion.
You can also take a look at 10 Best Undervalued Stocks to Buy Now According to Reddit and 10 Best Undervalued Dividend Stocks to Buy Now.
