5 Best Dividend Stocks For Steady Growth

3. Sysco Corporation (NYSE:SYY)

Number of Hedge Fund Holders: 40  

Consecutive Years of Dividend Growth: 51    

Forward Dividend Yield: 2.31% 

Sysco Corporation (NYSE:SYY) is a food distributor with solid fundamentals. It beat market predictions on earnings per share and revenue in the fourth fiscal quarter results. The share price of the firm has soared since the results were announced since the company has positioned itself well for inflation fears, striking a positive tone on the subject that has buoyed investor interest in the stock. 

On July 29, investment advisory UBS initiated coverage of Sysco Corporation (NYSE:SYY) stock with a Buy rating and a price target of $89. Analyst Mark Carden touted the balance sheet strength and the strategic initiatives of the firm as some of the reasons behind the bullish view. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Trian Partners is a leading shareholder in Sysco Corporation (NYSE:SYY) with 17.8 million shares worth more than $1.3 billion.