5 Dividend Stocks to Buy According to Jacob Mitchell’s Antipodes Partners

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In this article, we discuss 5 dividend stocks to buy according to Jacob Mitchell’s Antipodes Partners. If you want to read our detailed analysis of the hedge fund’s performance and its investment strategy, go directly to read 9 Dividend Stocks to Buy According to Jacob Mitchell’s Antipodes Partners.

5. The Coca-Cola Company (NYSE:KO)

Dividend Yield as of August 8: 2.79%
Antipodes Partners’ Stake Value: $105,727,000

The Coca-Cola Company (NYSE:KO) holds one of the strongest dividend growth track records, raising its payouts consistently for the past 60 years. The company pays a quarterly dividend of $0.44 per share, with a dividend yield of 2.79%, as of August 8.

Antipodes Partners opened its position in The Coca-Cola Company (NYSE:KO) during the third quarter of 2019, purchasing shares worth over $56.6 million. In Q1 2022, the hedge fund raised its position in the company by 2%, taking its total stake worth over $105.7 million. The company represented 3.74% of Jacob Mitchell’s portfolio.

In July, JPMorgan set a $70 price target on The Coca-Cola Company (NYSE:KO) with an Overweight rating on the shares, calling the stock one of the best defensive names in the sector.

Warren Buffett’s Berkshire Hathaway owned 400 million shares in The Coca-Cola Company (NYSE:KO), worth $24.8 billion, becoming the company’s leading stakeholder in Q1. Overall, 64 hedge funds in Insider Monkey’s database owned stakes in the Georgia-based company, with a total value of over $29 billion.

ClearBridge Investments mentioned The Coca-Cola Company (NYSE:KO) in its Q4 2021 investor letter. Here is what the firm had to say:

“Over the last year, we have repositioned our portfolio to navigate the course we see ahead. We added to more defensive areas of the portfolio like consumer staples (Coca-Cola). While the next month or two will likely prove choppy on account of the Omicron variant, we believe that Omicron, like Delta, represents a speed bump on the way to recovery rather than a true change in course. We see strong economic momentum continuing in 2022 and we expect interest rates to rise. After a decade of remarkably low rates, we would not be surprised if this change in direction is accompanied by some fits and starts in the markets. With our emphasis on pricing power, purposeful sector exposure, valuation discipline, and a strong dividend profile, we believe we are well-positioned for the year ahead.”


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