Led by Coca-Cola, one of the world’s most valuable brands, the company’s portfolio features 20 billion-dollar brands including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Globally, it is the number one provider of sparkling beverages, ready-to-drink coffees and juices and juice drinks.
Through the world’s largest beverage distribution system, consumers in more than 200 countries enjoy Coca-Cola beverages at a rate of more than 1.9 billion servings a day. Also remember that the company also owns 16.7% of Monster Beverage, which continues to deliver big numbers.
Investors receive a 2.84% dividend. BofA Securities has set a $70 target price. The consensus target for Coca-Cola stock is $67.39, and the final trade on Thursday came in at $62.00 per share.
Kraft Heinz
Even in tough times, everyone has to eat, and this company stands to benefit. Kraft Heinz Co. (NASDAQ: KHC) was formed six years ago via the merger of H.J. Heinz and Kraft Foods. The company is a leading global food company, with $29 billion of annual revenues generated by such well-known brands. It is the third-largest food and beverage manufacturer in North America, deriving 76% of revenues from that market and 24% internationally.
The company’s brands include not only Kraft and Heinz but also Oscar Meyer, Maxwell House, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta.
Shareholders receive a 4.06% dividend. The Kraft Heinz price target at BofA Securities is $48. The consensus target is lower at $40.79, and shares closed most recently at $39.39.
That Warren Buffett has 40% of his legendary portfolio in one stock is staggering. But with that said, Apple has been on a torrid run recently, so Berkshire Hathaway shareholders have to be thrilled. At the margin, all these outstanding companies will remain at the top of their class in their respective sectors, and their stocks make especially good sense for nervous investors looking for long-term names to buy now.
Originally posted at 24/7 Wall St.
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