5 Dividend Paying Consumer Defensive Stocks

4. Dole plc (NYSE:DOLE)

Dividend Yield as of April 1: 2.52%

Number of Hedge Fund Holders: 16

Dole plc (NYSE:DOLE) is headquartered in Dublin, Ireland. The company supplies fresh fruits and vegetables to retailers and wholesalers worldwide. Dole plc (NYSE:DOLE)’s dividend yield on April 1 stood at 2.52%. 

Dole plc (NYSE:DOLE) posted its fourth quarter results on March 15, announcing earnings per share of $0.14, beating estimates by $0.04. Revenue for the period amounted to $2.24 billion, surpassing market consensus by $66.20 million. 

On March 8, Deutsche Bank analyst Christopher Barnes reiterated a Buy recommendation on Dole plc (NYSE:DOLE) but lowered the price target to $17 from $19. The company is unlikely to avoid feeling pressure from inflation, supply chain bottlenecks, and volatile supply/demand headwinds, the analyst told investors in a research note.

According to the fourth quarter database of Insider Monkey, 16 hedge funds held stakes worth $151 million in Dole plc (NYSE:DOLE). Ian Simm’s Impax Asset Management is the biggest shareholder of the company, with 3.4 million shares worth $45.7 million.