Billionaire Ken Griffin’s +3% Yielders Include Apple Inc. (AAPL)

Food companies have also been market favorites, particularly following Berkshire Hathaway’s recent purchase of Heinz, and so our next Citadel dividend pick- ConAgra Foods, Inc. (NYSE:CAG)– is valued at over 25 times trailing earnings. Wall Street analysts expect considerable improvement over the next year and a half, and so the forward P/E is only 13. With revenue in fact rising nicely last quarter compared to the first quarter of 2012, it might be worth looking into why the sell-side is so optimistic. Billionaire Israel Englander’s Millennium Management was buying shares of ConAgra Foods, Inc. (NYSE:CAG) between January and March (see Englander’s stock picks).

Lockheed Martin Corporation (NYSE:LMT) was another of Griffin’s picks with the filing disclosing ownership of 2.3 million shares of the aerospace and defense company. Lockheed Martin Corporation (NYSE:LMT)’s yield of 4.4% is high compared to its peers, and while we are concerned that cuts in U.S. military spending could have a negative effect on the business we’d note that the stock is priced close to value territory at trailing and forward P/Es of 12. Long-term income investors may want to consider it; also, over the long term there tends to be a weak relationship between defense firms and the broader economy.

Citadel nearly tripled its holdings of Maxim Integrated Products Inc. (NASDAQ:MXIM), a $7.9 billion market cap semiconductor company, to a total of 6.1 million shares. Maxim Integrated Products Inc. (NASDAQ:MXIM) currently makes quarterly dividend payments of 24 cents per share, which equates to an annual yield of 3.4%. The company’s revenue grew by 6% in its most recent quarter compared to the same period in the previous fiscal year, a rate which seems in line with the trailing P/E of 18. Renaissance Technologies, whose founder Jim Simons is now a billionaire, reported a position of 2.9 million shares at the end of Q1 (find Renaissance’s favorite stocks).

Disclosure: I own no shares of any stocks mentioned in this article.