5 Best Passive Income Stocks To Buy According to Hedge Funds

2. Merck & Co., Inc. (NYSE:MRK)

Number of Hedge Fund Holders: 98

Merck & Co., Inc. (NYSE:MRK) is a leading pharmaceutical company with a diverse portfolio of healthcare products, ranging from prescription drugs to vaccines to consumer health items. The company’s quarterly dividend comes in at $0.77 per share with a dividend yield of 2.49%, as of March 20. It has been rewarding shareholders with growing dividends for the past 13 consecutive years.

At the end of Q4 2023, 98 hedge funds, growing significantly from 85 in the previous quarter, held stakes in Merck & Co., Inc. (NYSE:MRK), as per Insider Monkey’s database. These stakes are worth over $7.1 billion in total. Fisher Asset Management was the company’s leading stakeholder in Q4.

Follow Merck & Co. Inc. (NYSE:MRK)