Bill Ackman may have dumped Netflix, but here are 3 dividend-paying stocks Pershing Square still owns

As the second quarter of the year passes, Pershing Square Capital has been mostly quiet and hasn’t added any new positions.

However, the hedge fund managed to completely sell its stake in Netflix Inc. NFLX of 3,109,965 shares in the second quarter of 2022.

After analyzing the 13F SEC filings, we can assume that Pershing Square Capital is taking a bearish stance in the market as the fund fell from eight positions at the start of the year to seven, while rebalancing its top positions in Q2 2022 .

Here are three dividend-paying stocks that Pershing Square Capital continues to hold since the first quarter of 2022.

International restaurant brands

Restaurant Marques International Inc RSQ offers a dividend yield of 3.65% or $2.16 per share per year paying quarterly, with a strong track record of increasing its dividends for seven consecutive years. Restaurant Brands International is one of the largest restaurant companies in the world, with a footprint that spans over 28,000 restaurants and 100 countries, with its branded restaurants such as Burger King (19,250 units), Tim Hortons (5,300 units) and Popeyes Louisiana. Kitchen (3,700 units).

Pershing Square Capital reduced its position in Restaurant Brands from 41,990 shares to 23,822,641 shares in the second quarter of 2022.

Lowe’s Companies

Lowe’s Companies Inc. DOWN offers a dividend yield of 1.99% or $4.20 per share per year using quarterly payments, with an incredible track record of increasing its dividends over 48 years. Lowe’s is the second largest home improvement retailer in the world, behind Home Depot Inc. HDoperating 1,971 stores and serving 230 dealer-owned stores in the United States and Canada.

hedge fund manager Bill Acman has maintained the fund’s position in Lowe’s at 10,207,306 shares since the first quarter of 2022.

Also Read: Warren Buffett Bets Big on Occidental Petroleum, But Analyst Sees ‘Better Options Elsewhere’

Dominos Pizza

Domino’s Pizza Inc. DPZ offers a dividend yield of 1.09% or $4.40 per share per year through quarterly payments, with a notable history of increasing its dividends over the past 10 years. Domino’s Pizza is the largest player in the global pizza market, ahead of Pizza Hut, Papa John’s and Little Caesars, with nearly 19,000 stores globally in more than 90 international markets by the end of 2021.

Ackman’s Pershing Square Capital sold 6,719 shares of Domino’s Pizza after the first quarter of 2022 and now owns 2,061,312 shares.

Photo: Courtesy of commons.wikimedia.org