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.
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.
Kroger stock investors receive a 2.49% dividend. The BofA Securities $65 target price compares with a consensus target of $50.92 and Wednesday’s close was at $47.17.
Procter & Gamble
The company offers a tempting 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.
Shareholders receive a 2.53% dividend. Procter & Gamble stock has a $180 price objective at UBS. The consensus target is $164.86. The shares closed at $149.99 on Wednesday.
These are six top Warren Buffett holdings for investors looking for yield and a modicum of growth. While not invincible, they will surely hold up better for the rest of 2023 and into next year than technology and some other more volatile sectors that are very overbought now. The stock market has some big downside potential from where we are now, and playing it safe just makes sense until the Federal Reserve is done raising interest rates, which may not be until the first quarter of 2024.
Originally published at 24/7 Wall St.
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