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.
Investors receive a 2.58% dividend. Mondelez International stock has a price target of $79 at Bernstein. The $73.06 consensus target is also well above Thursday’s close at $59.80.
Procter & Gamble
The company offers a very solid dividend as well as a host of recognizable products. 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 years of steady growth and dividends.
The dividend yield is 2.59%. Wells Fargo has set its price objective at $160. The consensus target is $155.51. Procter & Gamble stock closed on Thursday at $136.21.
These seven top consumer staples stocks for worried investors, while not invincible, will surely hold up better for the rest of 2022 and into next year than technology and some other more volatile sectors. As noted, 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.
To prove how well these consumer staples stocks fare in a bear market, note that six of them, with the lone exception of Kraft Heinz, traded higher on Thursday when all the major indexes close lower.
Originally posted at 24/7 Wall St.
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