In this article, we discuss the 10 dividend stock picks of Ira Unschuld’s Brant Point Investment based on Q3 holdings of the fund. If you want to skip our detailed analysis of Unschuld’s history, investment philosophy, and hedge fund performance, go directly to the 5 Dividend Stock Picks of Ira Unschuld’s Brant Point Investment.
Ira Unschuld is a Managing Member of Brant Point Investment, where he has worked since December 2002. He is a member of the New-York Historical Society’s board of directors. He was formerly employed at Schroders, Inc. as a Principal.
Brant Point Investment Management has a multi-disciplined investing strategy that employs fundamental and technical research to benefit from market opportunities. Thermo Fisher Scientific Inc. (NYSE:TMO), Zoetis Inc. (NYSE:ZTS), and Analog Devices, Inc. (NASDAQ:ADI) are among the most significant stocks in Ira Unschuld’s Brant Point Investment Q3 portfolio.
In Thermo Fisher Scientific Inc. (NYSE:TMO), Ira Unschuld owns 15,436 shares. The investment covers 0.76% of the fund’s portfolio. In November, Thermo Fisher Scientific Inc. (NYSE:TMO) declared a quarterly dividend of $0.26 per share, in line with the previous.
Another notable stock in Ira Unschuld’s portfolio is Zoetis Inc. (NYSE:ZTS). The investor owns a $4.01 million stake in the company. Morgan Stanley analyst Erin Wright initiated coverage of Zoetis Inc. (NYSE:ZTS) in November, giving the stock an “Overweight” rating and a $264 price target.
Based on the 13F holdings for the third quarter of 2021, Brant Point Investment owns 35,113 shares in Analog Devices, Inc. (NASDAQ:ADI) after increasing its holding in the company by 1% from the second quarter of 2021.
Photo by Nathan Dumlao on Unsplash
Let’s start our list of the 10 dividend stock picks of Ira Unschuld’s Brant Point Investment. We picked these dividend stocks from the Q3 portfolio of Unschuld’s hedge fund.
Dividend Stock Picks of Ira Unschuld’s Brant Point Investment
10. Equinix, Inc. (NASDAQ:EQIX)
Brant Point Investment Stake Value: $4,403,000
Percentage of Brant Point Investment’s 13F Portfolio: 0.38%
Number of Hedge Fund Holders: 31
Dividend Yield: 1.44%
Equinix, Inc. (NASDAQ:EQIX) is a data center solutions provider. Equinix (NASDAQ:EQIX) announced its expansion into Africa on December 7, announcing its intention to acquire MainOne, a West African data center, and connectivity solutions provider.
RBC Capital analyst Jonathan Atkin reduced his price objective on Equinix, Inc. (NASDAQ:EQIX) to $850 from $885 in November but maintained an “Outperform” rating on the stock. The analyst informs investors that Equinix’s reduced price target reflects a more gradual growth in EBITDA margins.
Equinix, Inc. (NASDAQ:EQIX) saw a decrease in hedge fund sentiment recently. The number of long hedge fund positions declined to 31 at the end of the third quarter compared to 33 positions in the previous quarter.
Thermo Fisher Scientific Inc. (NYSE:TMO), Zoetis Inc. (NYSE:ZTS), and Analog Devices, Inc. (NASDAQ:ADI) are some of the dividend stock picks of Ira Unschuld’s Brant Point Investment, alongside Equinix, Inc. (NASDAQ:EQIX).
In its second-quarter 2021 investor letter, Baron Funds mentioned Equinix, Inc. (NASDAQ:EQIX). Here is what the fund said:
“The shares of Equinix, Inc. gained 18% in the most recent quarter. Equinix is the premier global data center company in the world. We believe the company is exceptionally well positioned to continue to benefit from powerful secular demand trends including strong growth in information technology outsourcing, increased cloud computing adoption, multi-year increases in mobile data traffic, global internet traffic, and the number of connected devices.”
9. Fidelity National Information Services, Inc. (NYSE:FIS)
Brant Point Investment Stake Value: $3,760,000
Percentage of Brant Point Investment’s 13F Portfolio: 0.32%
Number of Hedge Fund Holders: 69
Dividend Yield: 1.49%
Fidelity National Information Services, Inc. (NYSE:FIS) is a technology, solutions, and services company that works with merchants, banks, and capital markets firms. Robert Joseph Caruso’s Select Equity Group is the biggest shareholder of Fidelity National Information Services, Inc. (NYSE:FIS), with 9.09 million shares worth $1.11 billion.
On December 7, Barclays analyst Ramsey El-Assal decreased his price target on Fidelity National Information Services, Inc. (NYSE:FIS) from $154 to $141 and kept an “Overweight” rating. The analyst lowered his forecasts to account for heightened risk from long-term pandemic effects, supply chain, and wage inflation dynamics.
Fidelity National Information Services, Inc. (NYSE:FIS) was in 69 hedge fund portfolios in the third quarter of 2021.
In its third-quarter 2021 investor letter, Weitz Investment Management mentioned Fidelity National Information Services, Inc. (NYSE:FIS). Here is what the fund said:
“Shares of Fidelity National Information Services (FIS) declined as its payments volume growth has lagged peers due in part to greater exposure to industries recovering more slowly (e.g., global travel) or geographies pursuing more substantive lockdowns (e.g., the United Kingdom). As these temporary headwinds calm and FIS continues to win new business, we believe investors will better appreciate the positive, longer-term outlook.”
8. Yum! Brands, Inc. (NYSE:YUM)
Brant Point Investment Stake Value: $6,730,000
Percentage of Brant Point Investment’s 13F Portfolio: 0.58%
Number of Hedge Fund Holders: 38
Dividend Yield: 1.50%
Yum! Brands, Inc. (NYSE:YUM), formerly known as Tricon Global Restaurants, Inc., is a Fortune 1000 corporation headquartered in the United States. In November, Yum! Brands, Inc. (NYSE:YUM) declared a quarterly dividend of $0.50 per share, in line with the previous.
On December 9, Atlantic Equities analyst Edward Lewis upgraded Yum! Brands, Inc. (NYSE:YUM) to “Overweight” from “Neutral” with a price target of $151. Brant Point Investment started building its position in Yum! Brands, Inc. (NYSE:YUM) in the fourth quarter of 2016 and currently holds 55,024 shares in the company, valued at $6.73 million.
Hedge funds are loading up on Yum! Brands, Inc. (NYSE:YUM), as Insider Monkey’s data shows that 38 hedge funds held stake in the company in the third quarter of 2021, compared to 35 funds in the preceding quarter.
7. Williams-Sonoma, Inc. (NYSE:WSM)
Brant Point Investment Stake Value: $4,447,000
Percentage of Brant Point Investment’s 13F Portfolio: 0.38%
Number of Hedge Fund Holders: 31
Dividend Yield: 1.57%
Williams-Sonoma, Inc. (NYSE:WSM) is a publicly listed consumer retail firm specializing in kitchenware and home furnishings in the United States. In November, RBC Capital analyst Steven Shemesh raised his price target on Williams-Sonoma, Inc. (NYSE:WSM) to $219 from $199 and kept a “Sector Perform” rating on the shares.
Brant Point Investment holds 25,080 Williams-Sonoma, Inc. (NYSE:WSM) shares representing 0.38% of its portfolio and worth $4.45 million.
6. Crane Co. (NYSE:CR)
Brant Point Investment Stake Value: $4,756,000
Percentage of Brant Point Investment’s 13F Portfolio: 0.41%
Number of Hedge Fund Holders: 20
Dividend Yield: 1.67%
Crane Co. (NYSE:CR) makes engineered industrial goods. On December 3, Morgan Stanley analyst Kristine Liwag initiated coverage of Crane Co. (NYSE:CR), rating the stock as “Equal Weight” and gave a price target of $111.
In the third quarter, Brant Point Investment trimmed its stake in Crane Co. (NYSE:CR) by 26%. As of Q3 2021, 20 hedge funds have positions in Crane Co. (NYSE:CR), compared with 25 in the previous quarter.
In addition to Thermo Fisher Scientific Inc. (NYSE:TMO), Zoetis Inc. (NYSE:ZTS), and Analog Devices, Inc. (NASDAQ:ADI), Crane Co. (NYSE:CR) is a notable dividend stock in Ira Unschuld’s Brant Point Investment Q3 portfolio.
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Disclosure: None. 10 Dividend Stock Picks of Ira Unschuld’s Brant Point Investment is originally published on Insider Monkey.
