Kroger’s food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood and organic produce. Its multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products and toys.
The company’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.
Kroger 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, the company operated 2,726 supermarkets under various banner names in 35 states and the District of Columbia.
Shareholders receive a 2.08% dividend. BofA Securities has set its target price at $75, well above the $52.16 consensus target. Kroger stock closed on Tuesday at $49.46.
Procter & Gamble
The company offers a very solid dividend and consumer staples that are always in demand. 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 with years of steady growth and dividends.
Procter & Gamble stock investors receive a 2.44% dividend. The Raymond James price objective is $170. The consensus target is $154.76, and the shares ended Tuesday trading at $150.23.
The market is teetering, as much of the incoming data is turning negative, there have been tens of thousands of layoffs, the potential for earnings blow-ups are rattling investors, and the possibility for more downside is quite 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. With first-quarter earnings reports rolling in a big way next week, take profits and move to safety.
Originally published at 24/7 Wall St.
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