Colgate-Palmolive
This top dividend payer is a very safe play for investors. Colgate-Palmolive Co. (NYSE: CL) manufactures and sells consumer products worldwide. The company operates through two segments.
The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners and other related items. It markets and sells its products under various brands, including Colgate, Darlie, Sorriso, Tom’s of Maine, Irish Spring, Palmolive, Softsoap, Lady Speed Stick, Speed Stick, EltaMD, Filorga, Ajax, Axion, Fabuloso, Murphy, Suavitel, Soupline and Cuddly, to a range of traditional and e-commerce retailers, wholesalers and distributors. It also includes pharmaceutical products for dentists and other oral health professionals.
The Pet Nutrition segment offers pet nutrition products for everyday nutritional needs under the Hill’s Science Diet brand, as well as a range of therapeutic products to manage disease conditions in dogs and cats under the Hill’s Prescription Diet brand. This segment markets and sells its products through pet supply retailers, veterinarians and e-commerce retailers.
Colgate-Palmolive stock investors receive a 2.62% dividend. The Deutsche Bank price target is $91, well above the consensus target of $84.41 and Wednesday’s close at $72.32.
J.M. Smucker
Anybody who has ever had a peanut butter and jelly sandwich has likely used one of this company’s products. J.M. Smucker Co. (NYSE: SJM) manufactures and markets branded food and beverage products worldwide.
The company offers mainstream roast, ground, single-serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, shortening and oils and frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.
J.M. Smucker also provides its products under the Meow Mix, 9Lives, Kibbles n Bits, Milk-Bone, Pup-Peroni, Rachael Ray Nutrish and Nature’s Recipe, Folgers, Café Bustelo, Dunkin’, Café Bustelo, 1850, Jif, Smucker’s, Smucker’s Uncrustables, Robin Hood and Five Roses brands.
The company sells its products through direct sales and brokers to food retailers, club stores, discount and dollar stores, online retailers, pet specialty stores, natural foods stores and distributors, drug stores, military commissaries and mass merchandisers.
Shareholders receive a 2.98% dividend. BofA Securities has set a $170 target price, and J.M. Smucker stock has a $151.55 consensus target. Wednesday’s closing print was $141.13.
Health Care
Abbott Laboratories
This is a top pharmaceutical and med-tech stock with very solid growth potential. Abbott Laboratories (NYSE: ABT) manufactures and sells health care products worldwide.
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