Kroger’s marketplace stores offer full-service grocery, pharmacy, health and beauty care, and perishable goods, as well as general merchandise, including apparel, home goods, and toys. The price impact warehouse stores provide grocery and health and beauty care items, as well as meat, dairy, baked goods and fresh produce items.
The company also manufactures and processes food products for sale in its supermarkets and online, and it sells fuel through 1,613 fuel centers. As of January 29, 2022, it operated 2,726 supermarkets under various banner names in 35 states and the District of Columbia.
The dividend yield here is 2.54%. Kroger stock has a $65 target price at BofA Securities. The consensus target is just $50.37, and on Monday the shares closed at $45.71.
Mondelez
This consumer sector giant makes good sense for conservative investors. Mondelez International Inc. (NASDAQ: MDLZ) manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers and salted snacks; chocolates, and gums and candies; powdered beverages and coffee; and cheese and other grocery products.
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.
The company 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.
Shareholders receive a 2.41% dividend. The HSBC Securities price target of $84 is higher than the $83.33 consensus target. Mondelez stock closed and $69.71 on Monday.
Procter & Gamble
This company offers a very solid dividend and a host of recognizable products. Procter & Gamble Co. (NYSE: PG) is one of the world’s largest consumer products firms and one of the oldest companies 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 with years of steady growth and dividends.
Investors receive a 2.47% dividend. HSBC Securities recently started coverage on Procter & Gamble stock. The firm’s $179 price objective is well above the consensus target of $156.29 and the most recent close at $150.66 a share.
The market is teetering, as much of the incoming data is negative. With tens of thousands of layoffs, the potential for earnings blow-ups are rattling investors, and the possibility for more downside is very strong. While the sell-side on Wall Street is always looking for the proverbial bright side, the reality is we could be on the precipice of a big move lower, and safe stocks are the way to go now.
Originally published at 24/7 Wall St.
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