Constellation Brands
If any company has products that stay in style, it is this one, and it has only 7% foreign sales. Constellation Brands Inc. (NYSE: STZ) is a leading global producer and marketer of beverage alcohol. Its wideanging portfolio spans wine, spirits and imported beer.
Constellation Brands is one the world’s largest wine companies overall and is the largest global premium wine company. Key brands include Robert Mondavi, Clos du Bois, Blackstone, Arbor Mist, Black Velvet and SVEDKA vodka. It also owns 100% of the rights to brew, market and sell Modelo’s Mexican beers in the United States.
Constellation Brands made a gigantic $3.8 billion investment in cannabis company Canopy Growth in 2018 to increase its holdings in the company. The record investment reflects a world in which marijuana has become ubiquitous as its counterculture stigma fades and more states legalize use.
Investors receive a 1.24% dividend. The Jefferies price target on Constellation Brands stock is $305. The consensus target is $275.40, and t final trade for Monday was reported at $254.81 a share.
MetLife
Typically, insurance companies are among the most resistant to inflation and recession. MetLife Inc. (NYSE: MET), a financial services company, provides insurance, annuities, employee benefits and asset management services worldwide.
The company offers life, dental, group short-and long-term disability, individual disability, pet, accidental death and dismemberment, vision and accident and health coverage. It also offers prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.
MetLife provides pension risk transfers, institutional income annuities, structured settlements and capital markets investment products. Its other products and services include life insurance products and funding agreements for funding postretirement benefits, as well as company, bank or trust-owned life insurance used to finance nonqualified benefit programs for executives.
In addition, the company provides fixed, indexed-linked and variable annuities; pension products; regular savings products; whole and term life, endowments, universal and variable life and group life products; longevity reinsurance solutions; and credit insurance products.
MetLife stock comes with a 2.91% dividend. Jefferies has set its target price at $74, less than the $76.80 consensus target. Monday’s closing share price was $65.91.
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