5 Best Stocks to Buy According to Nelson Peltz’s Trian Partners

4. Sysco Corporation (NYSE:SYY)

Trian Partners’ Stake Value: $1,009,679,000

Percentage of Trian Partners’ 13F Portfolio: 13.53%

Number of Hedge Fund Holders: 25

Nelson Peltz’s Trian Partners trimmed its Sysco Corporation (NYSE:SYY) stake by 4% in Q4 2021, holding a position worth over $1 billion. The stock accounts for 13.53% of the total investments for the fourth quarter. Sysco Corporation (NYSE:SYY) is a Texas-based multinational corporation that distributes food products and kitchen equipment to restaurants, hospitals, educational institutes, hotels, and industrial caterers. 

On April 28, Sysco Corporation (NYSE:SYY) declared a $0.49 per share quarterly dividend, a 4.3% increase from its prior dividend of $0.47. The dividend is payable on July 22, to shareholders of record on July 1. The stock delivers a dividend yield of 2.13% as of April 28. The company has paid a quarterly dividend regularly since it went public in 1970, and it is a reliable dividend aristocrat.

Barclays analyst Jeffrey Bernstein raised the price target on Sysco Corporation (NYSE:SYY) to $100 from $90 and maintained an Overweight rating on the shares on April 25. The analyst believes restaurants are well positioned in a slowing economy. He expects consistent outperformance from more defensive franchise names.

Donald Yacktman’s Yacktman Asset Management held a notable stake in Sysco Corporation (NYSE:SYY), with 4.7 million shares worth $376.3 million. Overall, 25 hedge funds were bullish on the stock at the end of the fourth quarter of 2021.