Billionaire Ken Fisher’s 5 New Stock Picks.

3. The Unilever Group (NYSE: UL)

Fisher Asset Management has initiated a position in The Unilever Group (NYSE: UL) during the fourth quarter. However, the hedge fund’s UL position underperformed since the beginning of this year. Its shares are down almost 9% year to date. On the positive side, the company offers big dividends to shareholders. It currently offers a dividend yield of 3.42%.

Lindsell Train, an investment management firm, highlighted few stocks including Unilever Group in an investor letter. Here is what Lindsell Train stated:

“One of the biggest holdings here includes Unilever. The way consumers have flocked to such brands in 2020, perhaps for reassurance, has been reassuring for the investors.

In Unilever’s most recent quarterly results the company reported its e-commerce revenues were up 76% year-on-year, up to 10% of the total. This does not mean that Unilever is turning into an Internet business, but it does give reassurance that its brands – from Ben & Jerry’s to Domestos – can remain relevant in an increasingly digital world. By the way – have you tried Unilever’s new Marmite-infused peanut butter? It’s divine.”