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.
Mondelez stock comes with a 2.31% dividend. The Jefferies price target of $75 is higher than the $71.59 consensus target and Monday’s $66.15 close.
Walmart
This giant retailer posted solid third-quarter results as higher grocery sales beat estimates, and it is a top idea for investors looking for retail winners during this year’s holiday shopping season. Walmart Inc. (NYSE: WMT) is the world’s largest retailer, operating retail stores under the formats of Walmart Stores, Supercenters, Neighborhood Markets and Sam’s Club locations in the United States, as well as a growing e-commerce business. Internationally Walmart also operates locations in several countries, including Argentina, Brazil, Canada, China, Japan, Mexico and the United Kingdom.
Each week, nearly 260 million customers and members visit the company’s 11,535 stores under 72 banners in 28 countries and e-commerce websites in 11 countries. It had fiscal 2021 revenue of nearly $560 billion, and Walmart employs approximately 2.2 million associates worldwide.
Investors receive a 1.46% dividend. Walmart stock has a $175 target price at Jefferies. The consensus target is $160.27. Shares were last seen trading at $153.51 apiece.
These six top consumer stocks have reasonable upside to the Jefferies targets, and they all come with very dependable dividends. With even moderate appreciation in their share prices, investors should be looking at double-digit total return potential. In addition, the squeeze put on pocketbooks makes them attractive in the consumer arena, as they should easily ride out the storm until prices stabilize.
Originally published at 24/7 Wall St.
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