Kroger’s combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood and organic produce. Its multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products and toys.
The company’s marketplace stores offer full-service grocery, pharmacy, health and beauty care, and perishable goods, as well as general merchandise, including apparel, home goods, and toys. The price impact warehouse stores provide grocery and health and beauty care items, as well as meat, dairy, baked goods and fresh produce items.
Kroger also manufactures and processes food products for sale in its supermarkets and online, and it sells fuel through 1,613 fuel centers. As of January 29, 2022, the company operated 2,726 supermarkets under various banner names in 35 states and the District of Columbia.
The dividend yield here is 2.24%. Telsey Advisory has a $55 target price. The consensus target is $52.13, and Kroger stock ended Thursday trading at $45.95 a share.
Procter & Gamble
The company offers a very solid dividend and a host of recognizable products. Procter & Gamble Co. (NYSE: PG) is one of the world’s largest consumer products firms and one of the oldest companies in the Fortune 500. Its many brands include Pampers, Tide, Bounty, Charmin, Gillette, Oral B, Crest, Olay, Pantene, Head & Shoulders, Ariel, Gain, Always, Tampax, Downy and Dawn.
The company sells its products through mass merchandisers, e-commerce, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, baby stores, specialty beauty stores, high-frequency stores and pharmacies. The company has been very innovative in its product development process and uses that to help ensure future growth and cash flow. This should provide investors with years of steady growth and dividends.
Investors receive a 2.57% dividend. Procter & Gamble stock has a $180 price objective at UBS. The consensus target is $164.86. The shares closed Thursday at $148.46.
While the sell-side on Wall Street is always looking for the proverbial bright side, the reality is we could be on the precipice of a big move lower. So, safe stocks are the way to go now. These Buffett holdings are solid ideas for nervous investors who want to stay in the game but are leery of what the second half of 2023 has in store for their portfolios.
Originally published at 24/7 Wall St.
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