Coca-Cola
This stock not only offers safety but comes with an incredibly strong worldwide brand with 40% overseas sales. Coca-Cola Co. (NYSE: KO) is the world’s largest beverage company, refreshing consumers with more than 500 sparkling and still brands. It remains a top Buffet holding, as he owns a massive 400 million shares.
Led by Coca-Cola, one of America’s most trusted food and drink brands, the company’s portfolio features 20 billion-dollar brands including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Globally, it is the number one provider of sparkling beverages, ready-to-drink coffees and juices and juice drinks.
Through the world’s largest beverage distribution system, consumers in more than 200 countries enjoy Coca-Cola beverages at a rate of more than 1.9 billion servings a day. Also remember that the company also owns almost 17% of Monster Beverage, which continues to deliver big numbers.
Coca-Cola stock comes with a 3.02% dividend. The $71 J.P. Morgan target price compares with a $70.02 consensus target and Thursday’s close at $60.92.
Kraft Heinz
Even in bad times, everybody has to eat, and Kraft Heinz Co. (NASDAQ: KHC) always stands to benefit. The company was formed almost six years ago in the merger of H.J. Heinz and Kraft Foods. The company is a leading global food company, with $25 billion in annual revenues generated by such well-known brands as Kraft, Heinz, Oscar Meyer and Maxwell House. It is also one of America’s most trusted food and drink brands.
The company is the third largest food and beverage manufacturer in North America and derives 76% of revenues from that market and 24% from overseas. The company’s other brands include ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta.
Buffett holds a big position in Berkshire Hathaway: 325 million shares.
Shareholders enjoy a 4.64% dividend. BofA Securities team has named Kraft Heinz stock as one of its top dividend picks. Its $48 price target is well above the consensus target of $41.20 and Thursday’s close at $34.39.
Given Buffet’s proclivity for only owning the stock of companies that he understands inside and out, these make sense now for growth and income investors worried about the potential for a steep market decline in the fall. While these five top stocks could sell off in a large correction, they will hold on far better than most, and many of these stocks (with the exception of Apple) are offering the best entry points and dividends in some time.
Originally published at 24/7 Wall St.
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