5 Best Dividend Stocks to Buy According to Crispin Odey’s Hedge Fund

In this article, we discuss the 5 best dividend stocks to buy according to Crispin Odey’s hedge fund. If you want to read our detailed analysis of Crispin Odey’s history, and hedge fund performance, go directly to the 10 Best Dividend Stocks to Buy According to Crispin Odey’s Hedge Fund.

5. The Procter & Gamble Company (NYSE: PG)

Odey’s Stake Value: $3,827,000
Percentage of Crispin Odey’s 13F Portfolio: 1.07%
Dividend Yield: 2.59%
Number of Hedge Fund Holders: 70

The Procter & Gamble Company (NYSE: PG) supplies branded consumer packaged goods to its customers. The company was incorporated in 1837 and stands fifth on the list of 10 best dividend stocks to buy according to Crispin Odey’s hedge fund. The Procter & Gamble stock has offered investors returns of 13.17% over the course of the past twelve months.

On June 23, UBS analyst Peter Grom initiated coverage on Procter & Gamble (NYSE: PG) with a “Neutral” rating and a price target of $138.00. On April 20, Procter & Gamble declared revenue for the first quarter of 2021. The company declared a revenue of $18.11 billion, up 5.2% YoY, beating the estimates by $150 million. On April 13, Procter & Gamble declared a quarterly dividend of $0.8698 per share, which was 10% more than the prior dividend of $0.7907. 

Odey Asset Management Group holds 28,258 shares in the company worth $3.83 million, representing 1.07% of their portfolio. Odey has trimmed stakes in the firm by 8% in the past few months. Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Trian Partners is a leading shareholder in Procter & Gamble with 8.88 million shares worth $1.20 billion, representing 14.22% of their portfolio.