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.
Shareholders receive a 2.29% dividend. Mondelez stock has an $82 price target at Barclays. The $75.85 consensus target is nearer to Thursday’s close at $75.29 a share.
Procter & Gamble
The 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 2.41% dividend. Wells Fargo’s price objective is $170. The consensus target is $166.03. Procter & Gamble stock was last seen on Thursday trading at $157.00.
These are seven sensible ideas for investors concerned that we could be ready to hit a rough patch in the 2023 rally. While none of these top companies are likely to explode higher like AI semiconductor stocks, all have been around forever and will still be standing tall after a market sell-off. Bear market rallies can come in staggering size, and it will be interesting to see if the move higher this year turns out to be one.
Originally published at 24/7 Wall St.
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