Marriott International
Travel has returned to pre-pandemic levels and, with the summer vacation season right around the corner, this stock looks poised to move higher. Marriott International Inc. (NYSE: MAR) operates, franchises and licenses hotel, residential, timeshare and other lodging properties in 138 countries and territories.
Its 30 banners include JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St. Regis, Edition, Bvlgari, Renaissance, Le Méridien, Marriott, Sheraton, Westin, Four Points, Delta Hotels by Marriott, Autograph Collection, Tribute Portfolio, Marriott Hotels, Marriott Executive Apartments, Marriott Vacation Club, Gaylord Hotels, Design Hotels, Courtyard, Residence Inn, Fairfield, SpringHill Suites, TownePlace Suites, Protea Hotels, Aloft Hotels, AC Hotels by Marriott, Element Hotels, and Moxy Hotels.
Shareholders now receive a 0.95% yield, but the dividend is expected to increase by over 10%, from $0.40 per share to $0.45. Morgan Stanley’s Overweight rating is accompanied by a $197 target price. The consensus target is just $181.29, and Marriott International stock closed on Monday at $170.14.
PepsiCo
This top consumer staples company will be supplying the goods for summer parties and picnics. PepsiCo Inc. (NYSE: PEP) operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay’s and Ruffles potato chips; Doritos, Tostitos and Santitas tortilla chips; and Cheetos cheese-flavored snacks, branded dips and Fritos corn chips.
The Quaker Foods North America segment provides Quaker oatmeal, grits, rice cakes, natural granola and oat squares, as well as Pearl Milling mixes and syrups, Quaker Chewy granola bars, Cap’n Crunch cereal, Life cereal and Rice-A-Roni side dishes.
Its North America Beverages segment offers beverage concentrates, fountain syrups and finished goods under the Pepsi, Gatorade, Mountain Dew, Diet Pepsi, Aquafina, Tropicana Pure Premium, Sierra Mist and Mug brands, as well as ready-to-drink tea and coffee, and juices.
Investors in PepsiCo stock receive a 2.41% dividend. The company is expected to raise the dividend to $1.24 per share from $1.15. Morgan Stanley has an Overweight rating, and its $210 price target compares with a consensus target of $200.02 and Monday’s close at $191.68.
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