TiVo Corp (TIVO), Mondelez International Inc (MDLZ) & More: Billionaire George Soros’ Top Dividend Picks

In Kraft Heinz Co (NASDAQ:KHC), Soros’ fund also raised its stake by 48% to 684,733 shares worth $53.10 million. Kraft Heinz Co (NASDAQ:KHC)’s stock sports a dividend of 3.19%, which is one of the largest among major food producers. The company is considered among the best for dividend investors as it has a long history, great synergies that emerged from the 2015 merger of Kraft and Heinz and the management is committed to provide investors with a stable dividend growth. It owns a large portfolio of brands, including eight core brands with sales of at least $1.0 billion, such as Kraft, Heinz, Oscar Mayer, and Philadelphia. Even though, the company saw a slight decline in sales in 2016 and in the first two quarters of 2017, Kraft Heinz Co (NASDAQ:KHC) saw its earnings grow, as improved margins offset the decline in sales. At the end of September, 54 funds in our database held roughly 29% of Kraft Heinz Co (NASDAQ:KHC)’s outstanding stock.

Colgate-Palmolive Company (NYSE:CL), which has a dividend yield of 2.18%, saw Soros Fund Management acquire 291,500 shares during the third quarter. In this way, the fund held 431,500 shares worth $31.44 million at the end of September. Colgate-Palmolive Company (NYSE:CL) is a dividend king, a part of a elite group of 23 companies that have increased their dividends for at least 50 consecutive years. Earlier this year, Colgate-Palmolive Company (NYSE:CL)’s CEO Ian Cook suggested that he would accept a hypothetical buyout offer at $100 per share, which sparked discussions over the course of the following months regarding the potential buyer, with Unilever plc (ADR) (NYSE:UL), Kraft Heinz Co (NASDAQ:KHC), and Procter & Gamble Co (NYSE:PG) pitched potential suitors. Among the investors tracked by Insider Monkey, the number of funds long Colgate-Palmolive Company (NYSE:CL) inched down by one to 49 during the third quarter.

Last but not least, Soros Fund Management boosted its exposure to Crown Castle International Corp. (REIT) (NYSE:CCI) by 184,200 shares to 278,600 shares valued at $27.85 million. The operator of cell towers converted to a real estate investment trust in 2014 and the switch allowed it to distribute at least 90% of income as dividends; its dividend yield currently stands at 3.84%. Crown Castle International Corp. (REIT) (NYSE:CCI) is enjoying a strong demand for mobile data and is investing in additional infrastructure to improve the coverage of 4G networks. In addition, the company is preparing for the roll-out of 5G, which won’t require cell towers, but instead will rely on small cells. In July, Crown Castle International Corp. (REIT) (NYSE:CCI) completed the $7.1 billion acquisition of Lightower, which provided it with 32,000 miles of fiber, expanding its footprint to over 60,000 miles. The company argued that the acquisition allows it to improve the ability to deploy small cell sites for 5G networks. There were 34 funds in our database long Crown Castle International Corp. (REIT) (NYSE:CCI) at the end of September, compared to 35 funds a quarter earlier.

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