Kraft Heinz is the third largest food and beverage manufacturer in North America, deriving 76% of revenues from that market and 24% internationally. Additional brands include Oscar Meyer, Maxwell House, 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 large position in Berkshire Hathaway of 325 million shares, which is a stunning 26.6% of the company’s stock float.
Kraft Heinz stock comes with a 4.14% dividend. The BofA Securities team’s $48 price target compares with a $42.97 consensus target and Monday’s close at $38.61.
Pfizer
This top pharmaceutical stock was one of the winners in the COVID-19 vaccine race. Pfizer Inc. (NYSE: PFE) discovers, develops, manufactures, markets, distributes and sells biopharmaceutical products worldwide.
Pfizer offers medicines and vaccines in various therapeutic areas, including the following:
- Cardiovascular metabolic and women’s health under the Premarin family and Eliquis brands
- Biologics, small molecules, immunotherapies and biosimilars under the Ibrance, Xtandi, Sutent, Inlyta, Retacrit, Lorbrena and Braftovi brands
- Sterile injectable and anti-infective medicines and oral COVID-19 treatment under the Sulperazon, Medrol, Zavicefta, Zithromax, Vfend, Panzyga and Paxlovid brands
- Pneumococcal disease, meningococcal disease, tick-borne encephalitis and COVID-19 under the Comirnaty/BNT162b2, Nimenrix, FSME/IMMUN-TicoVac, Trumenba and the Prevnar family brands
- Biosimilars for chronic immune and inflammatory diseases under the Xeljanz, Enbrel, Inflectra, Eucrisa/Staquis and Cibinqo brands
- Amyloidosis, hemophilia and endocrine diseases under the Vyndaqel/Vyndamax, BeneFIX and Genotropin brands
Shareholders receive a 3.03% dividend. BofA Securities has a $70 price objective. The consensus target on Pfizer stock is $58.49. The shares ended Monday’s session trading at $52.89.
These six top companies have solid dividends and are in sectors that should continue to hold their own for the rest of 2022. Given that this week will start the second-quarter earnings reporting season, it makes sense to buy partial positions in these stocks and see how the results come in. While all should be solid, any company that misses estimates or gives lousy forward guidance (or both) will be met with some harsh selling, given the current bear market environment.
Originally posted at 24/7 Wall St.
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