In this article, we will be taking a look at 5 consumer defensive dividend stocks with over 2% yield. To see our detailed analysis of consumer defensive stocks, you can go directly to the 10 Consumer Defensive Dividend Stocks with Over 2% Yield.
5. SpartanNash Company (NASDAQ: SPTN)
Number of Hedge Fund Holders: 11
Dividend Yield: 4.1%
SpartanNash Company (NASDAQ: SPTN), a distributor and retailer of grocery products, ranks 5th on our list of consumer defensive stocks with over 2% yield. The company operates through its Food Distribution, Military, and Retail segments.
Jefferies analyst Matt Fishbein has a Hold rating on shares of SpartanNash Company (NASDAQ: SPTN), alongside a $20 price target.
In the first quarter of 2021, SpartanNash Company (NASDAQ: SPTN) had an EPS of $0.56, beating estimates by $0.02. The company’s revenue was $2.66 billion, beating the previous quarter’s revenue of $2.25 billion. SpartanNash Company (NASDAQ: SPTN) has gained 3.86% in the past 6 months and 8.88% year to date.
By the end of the first quarter of 2021, 11 hedge funds out of the 866 tracked by Insider Monkey held stakes in SpartanNash Company (NASDAQ: SPTN) worth roughly $42.4 million. This is compared to 13 hedge funds in the previous quarter with a total stake value of approximately $39.3 million.
4. Village Super Market, Inc. (NASDAQ: VLGEA)
Number of Hedge Fund Holders: 7
Dividend Yield: 4.4%
Village Super Market, Inc. (NASDAQ: VLGEA) is the owner and operator of a supermarket chain in the US. The company’s stores provide a range of products through their specialty departments like the on-site bakery, prepared foods, and pharmacy departments. It ranks 4th on our list of consumer defensive stocks with over 2% yield.
This March, Village Super Market, Inc. (NASDAQ: VLGEA) announced that its sales improved in light of the Fairway acquisition closed in May 2020.
In the fiscal third quarter of 2021, Village Super Market, Inc. (NASDAQ: VLGEA) had an EPS of $0.18. The company’s revenue was $481.09 million, up 5.87% year over year. Village Super Market, Inc. (NASDAQ: VLGEA) has gained 0.09% in the past 6 months and 1.22% year to date.
By the end of the first quarter of 2021, 7 hedge funds out of the 866 tracked by Insider Monkey held stakes in Village Super Market, Inc. (NASDAQ: VLGEA) worth roughly $30.3 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $28.1 million.
3. Vector Group Ltd. (NYSE: VGR)
Number of Hedge Fund Holders: 14
Dividend Yield: 5.6%
Vector Group Ltd. (NYSE: VGR) is a manufacturer and seller of cigarettes in the US and operates through its Tobacco and Real Estate segments. The company ranks 3rd on our list of consumer defensive dividend stocks with over 2% yield.
In the second quarter of 2021, Vector Group Ltd. (NYSE: VGR) had an EPS of $0.63, beating estimates by $0.38. The company’s revenue was $729.53 million, up 63.66% year over year and also beating estimates by $170.23 million. Vector Group Ltd. (NYSE: VGR) has gained 2.79% in the past 6 months and 26.57% year to date.
By the end of the first quarter of 2021, 14 hedge funds out of the 866 tracked by Insider Monkey held stakes in Vector Group Ltd. (NYSE: VGR) worth roughly $150 million. This is compared to 14 hedge funds in the previous quarter with a total stake value of approximately $143 million.
2. Universal Corporation (NYSE: UVV)
Number of Hedge Fund Holders: 10
Dividend Yield: 6.2%
Universal Corporation (NYSE: UVV) is a processor and supplier of leaf tobacco and plant-based ingredients across the globe. The company operates through its Tobacco Operations and Ingredients Operations segments. It ranks 2nd on our list of consumer defensive dividend stocks with over 2% yield.
This May, Universal Corporation (NYSE: UVV) announced that it would be increasing its annual dividend to $3.12 per common share.
In the fiscal first quarter of 2022, Universal Corporation (NYSE: UVV) had an EPS of $0.30. The company’s revenue was $350.03 million, up 10.8% year over year. Universal Corporation (NYSE: UVV) has gained % in the past 6 months and % year to date.
By the end of the first quarter of 2021, 10 hedge funds out of the 866 tracked by Insider Monkey held stakes in Universal Corporation (NYSE: UVV) worth roughly $92.9 million. This is compared to 9 hedge funds in the previous quarter with a total stake value of approximately $89.6 million.
1. B&G Foods, Inc. (NYSE: BGS)
Number of Hedge Fund Holders: 10
Dividend Yield: 6.4%
B&G Foods, Inc. (NYSE: BGS) manufactures and distributed shelf-stable and frozen foods alongside household products, for sale in the US, Canada, and Puerto Rico. The company ranks 1st on our list of consumer defensive dividend stocks with over 2% yield.
RBC Capital’s Nik Modi as of this March holds a Sector Perform rating on shares of B&G Foods, Inc. (NYSE: BGS). The analyst also has a $29 price target on the stock.
In the second quarter of 2021, B&G Foods, Inc. (NYSE: BGS) had an EPS of $0.41, missing estimates by $0.07. The company’s revenue was $464.38 million, beating estimates by $24.37 million. B&G Foods, Inc. (NYSE: BGS) has gained 10.07% year to date and 3.92% in the past year.
By the end of the first quarter of 2021, 10 hedge funds out of the 866 tracked by Insider Monkey held stakes in B&G Foods, Inc. (NYSE: BGS) worth roughly $23.2 million. This is compared to 15 hedge funds in the previous quarter with a total stake value of approximately $57.2 million.
You can also take a peek at 15 Best Consumer Discretionary Stocks to Buy Now and 15 Biggest Wholesale Companies In The World.
