The company is a premier supplier of avionics, power and control systems for the aerospace industry. Honeywell’s operations are organized under four business groups: Aerospace, Home & Building Technologies, Safety & Productivity Solutions, and Performance Materials & Technologies.
Shareholders receive a 2.02% yield. The price target on Honeywell International stock at Goldman Sachs is $220. The consensus target is $225, and Wednesday’s close was at $193.87.
PepsiCo
This top consumer staples provider soon will be supplying the goods for summer picnics, and the stock also resides on the Conviction List at Goldman Sachs. PepsiCo Inc. (NYSE: PEP) operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay’s and Ruffles potato chips; Doritos, Tostitos and Santitas tortilla chips; and Cheetos cheese-flavored snacks, branded dips and Fritos corn chips.
The Quaker Foods North America segment provides Quaker oatmeal, grits, rice cakes, natural granola and oat squares, as well as the recently name-changed Aunt Jemima mixes and syrups, and Quaker Chewy granola bars, Cap’n Crunch cereal, Life cereal and Rice-A-Roni side dishes.
PepsiCo’s North America Beverages segment offers beverage concentrates, fountain syrups and finished goods under the Pepsi, Gatorade, Mountain Dew, Diet Pepsi, Aquafina, Tropicana Pure Premium, Sierra Mist and Mug brands, as well as ready-to-drink tea and coffee, and juices.
Shareholders receive a 2.81% dividend. Goldman Sachs has set its price target at $187. The consensus target is $183.44. PepsiCo stock closed down 6% on Wednesday at $163.65.
These six top companies are all leaders in their specific silos, and they are Goldman Sachs picks that pay dependable and seemingly secure dividends. While a recession could bring some damage, it certainly seems these top picks are all well positioned now for a downturn in the economy, which as we noted, we could be in already.
Originally posted at 24/7 Wall St.
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