In this article, we will look at 5 stocks that Jim Cramer is talking about in September. If you want to explore more stocks that Jim Cramer is talking about in September, you can also read Jim Cramer is Talking About These 10 Stocks in September.
5. Deere & Company (NYSE:DE)
Number of Hedge Fund Holders: 54
Jim Cramer recently mentioned Deere & Company (NYSE:DE) on one of his “lightning rounds”. Deere & Company is a leading global agriculture and farming equipment manufacturer. The company has four business divisions: Production & Precision Agriculture, Small Agriculture & Turf, Construction & Forestry, and Financial Services. On August 31, Deere & Company (NYSE:DE) declared a quarterly cash dividend of $1.13 per share. The dividend is payable on November 8 to shareholders of record on September 30. As of September 9, the stock is offering a forward dividend yield of 1.24% which the company supports with free cash flows of $639 million.
On August 19, Deere & Company (NYSE:DE) announced earnings for the third quarter of fiscal 2022. The company reported earnings per share of $6.16 and generated a revenue of $13 billion, up 25% year over year, and ahead of Wall Street consensus by $157.8 million. As of September 9, the stock has gained 6.54% year to date.
On August 24, Argus analyst John Eade raised his price target on Deere & Company (NYSE:DE) to $420 from $390 and reiterated a Buy rating on the shares
At the close of Q2 2022, 54 hedge funds were bullish on Deere & Company (NYSE:DE) and held stakes worth $1.58 billion in the company. Of those, First Eagle Investment Management is the largest shareholder with stakes worth $294.7 million.
Here is what ClearBridge Investments had to say about Deere & Company (NYSE:DE) in its second-quarter 2022 investor letter:
“In the industrials sector, farm equipment manufacturer Deere (NYSE:DE) was down on cyclical concerns, with higher interest rates potentially impacting farmers’ purchase decisions. A selloff in agricultural commodities, albeit off their recent highs, along with ongoing supply chain disruption and overall inflationary pressures may present potential headwinds for agricultural equipment demand. We continue to like the business and Deere’s competitive position; its leadership position in precision agriculture brings benefits to both farmer profitability and the environment.”
4. Pioneer Natural Resources Company (NYSE:PXD)
Number of Hedge Fund Holders: 56
Cramer named Pioneer Natural Resources Company (NYSE:PXD) in one of his “lightning rounds”. Cramer is bullish on Pioneer Natural Resources Company (NYSE:PXD) because, according to him, the stock is offering the highest dividend yield among the S&P 500 companies, and he likes the company’s management. As of September 9, Pioneer Natural Resources Company (NYSE:PXD) is offering a forward dividend yield of 8.70% and has free cash flows of $6.2 billion.
On August 18, Truist analyst Neal Dingmann adjusted his price target on Pioneer Natural Resources Company (NYSE:PXD) to $240 from $247 and maintained a Hold rating on the shares. Dingmann noted that the company has one of the strongest payouts and supports solid buybacks with a hefty dividend yield.
Pioneer Natural Resources Company (NYSE:PXD) is gaining and is also trading at a discount to its earnings. As of September 9, the stock has returned 55.70% to investors over the past twelve months and is trading at a PE ratio of 9.58.
At the close of Q2 2022, 56 hedge funds were bullish on Pioneer Natural Resources Company (NYSE:PXD). This is compared to 54 positions in Q1 2022. These hedge funds held stakes worth $696 million in the company.
As of June 30, Abrams Bison Investments is the largest investor in Pioneer Natural Resources Company (NYSE:PXD) with stakes worth $133.4 million.
3. The Coca-Cola Company (NYSE:KO)
Number of Hedge Fund Holders: 60
Cramer mentioned The Coca-Cola Company (NYSE:KO) among his 10 favorite dividend aristocrats to own for the rest of 2022. Jim Cramer said The Coca-Cola Company (NYSE:KO) is a “textbook defensive stock” and he noted that it is one of his top recession picks. Cramer thinks the company’s strong dividend yield can help protect investors’ portfolios in an economic downturn. As of September 9, The Coca-Cola Company (NYSE:KO) is offering a forward dividend yield of 2.84% and has free cash flows of $10.2 billion.
Wall Street sees upside to The Coca-Cola Company (NYSE:KO). On September 6, HSBC analyst Carlos Laboy raised his price target on The Coca-Cola Company (NYSE:KO) to $76 from $72 and reiterated a Buy rating on the shares. On July 27, Deutsche Bank analyst Steve Powers raised his price target on The Coca-Cola Company (NYSE:KO) to $65 from $64 and maintained a Hold rating on the shares.
As of September 9, The Coca-Cola Company (NYSE:KO) has surged 4.76% year to date.
At the end of Q2, 60 hedge funds were long The Coca-Cola Company (NYSE:KO) and held stakes worth $28.3 billion in the company. Of those, Berkshire Hathaway was the most prominent shareholder with stakes worth $25 billion.
2. CVS Health Corporation (NYSE:CVS)
Number of Hedge Fund Holders: 65
Jim Cramer mentioned CVS Health Corporation (NYSE:CVS) on one of his “lightning rounds” this September and said that the stock is a “buy”. As of September 9, CVS Health Corporation (NYSE:CVS) has gained 19.6% over the past twelve months and is offering a forward dividend yield of 2.2%, which the company backs with free cash flows of $15.8 billion.
On September 5, CVS Health Corporation (NYSE:CVS) announced that it will be acquiring Signify Health Inc. (NYSE:SGFY) for $30.50 per share, in an all-cash transaction valued at $8 billion. The deal is expected to close in the first half of 2023.
On September 7, Evercore ISI analyst Elizabeth Anderson raised her price target on CVS Health Corporation (NYSE:CVS) to $125 from $120 and reiterated a buy-side Outperform rating on the shares.
At the end of Q2 2022, 65 hedge funds held stakes in CVS Health Corporation (NYSE:CVS) worth $2.03 billion. This is compared to 72 positions in the previous quarter with stakes worth $1.56 billion.
As of June 30, AQR Capital Management owns more than 3.3 million shares of CVS Health Corporation (NYSE:CVS) and is the most prominent shareholder in the company. The fund’s stakes are valued at $312.6 million.
1. Cheniere Energy, Inc. (NYSE:LNG)
Number of Hedge Fund Holders: 65
Cheniere Energy, Inc. (NYSE:LNG) is one of Jim Cramer’s top pure-play LNG stocks. Cramer noted that Cheniere Energy, Inc. (NYSE:LNG) is a pioneer in the LNG space and its first facility was operational in 2016. Cramer thinks Cheniere Energy, Inc. (NYSE:LNG) is on the path to report earnings per share of $8.62 in 2022, and double its net income in 2023, reporting an EPS of $16. Cramer also thinks Cheniere Energy, Inc. (NYSE:LNG) is currently undervalued even after gaining at a rapid pace in 2022. As of September 8, the stock has surged 57% year to date.
On August 4, Cheniere Energy, Inc. (NYSE:LNG) reported earnings for the second quarter of fiscal 2022. The company reported earnings per share of $2.90 and generated a revenue of $8 billion, up 165.4% year over year, and beating Wall Street expectations by $1.59 billion.
On August 16, Barclays analyst Marc Solecitto raised his price target on Cheniere Energy, Inc. (NYSE:LNG) to $186 from $160 and maintained a buy-side Overweight rating on the shares.
At the end of Q2 2022, 65 hedge funds were bullish on Cheniere Energy, Inc. (NYSE:LNG) and held stakes worth $2.39 billion in the company. Of those, Icahn Capital LP was the most prominent investor with stakes worth $746.5 million.
You can also take a look at Jim Cramer Stock Portfolio: 10 Recent Additions and Jim Cramer’s Top 10 Stock Picks for 2022.
