The primary Mondelez brand portfolio includes LU, Nabisco and Oreo biscuits; Cadbury, Cadbury Dairy Milk and Milka chocolates; Trident gum; Jacobs Kaffee; and Tang powdered beverages.
Mondelez sells its products to supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores and other retail food outlets through direct store delivery, company-owned and satellite warehouses, distribution centers and other facilities, as well as through independent sales offices and agents.
The dividend yield here is 2.79%. The Bernstein analysts have set a $79 price target. The consensus target is $72.63, and Mondelez International stock closed on Friday at $55.26.
Procter & Gamble
The company offers a very solid dividend as well as a host of recognizable products. Procter & Gamble Co. (NYSE: PG) is one of the world’s largest consumer products companies and one of the oldest 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 years of steady growth and dividends.
Procter & Gamble stock investors receive a 2.94% dividend. Morgan Stanley’s price objective is $160. The $153.51 consensus also compares with Friday’s close at $124.27.
For worried investors, these seven top Buffett holdings, while not invincible, surely will hold up better for the rest of 2022 and into next year than technology and some other more volatile sectors. The fact is the stock market has some big downside potential from here. playing it safe just makes sense until the Federal Reserve is done raising interest rates, which may not be until the first quarter of 2023.
Originally posted at 24/7 Wall St.
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