Altria also owns over 10% of Anheuser-Busch InBev, the world’s largest brewer. In March 2008, it spun off its international cigarette business to shareholders. In December 2018, the company acquired 35% of Juul Labs, and it has purchased a 45% stake in cannabis company Cronus for $1.8 billion.
The company also is rolling out its own heated and vapor products, such as Marlboro HeatSticks and IQOS, both of which are slowly being expanded across the United States. The company has increased its dividend for 52 consecutive years.
Shareholders receive a 6.69% dividend. Jefferies has a $58 target on Altria stock, and the consensus target is $56.83. The stock closed Monday at $53.59.
Mondelez
This consumer staples giant also makes good sense for conservative investors. Mondelez International Inc. (NASDAQ: MDLZ) manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers and salted snacks; chocolates, and gums and candies; powdered beverages and coffee; and cheese and grocery products.
Its primary 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 2.24% dividend. The Jefferies analysts have set their price target at $76, while the consensus target for Mondelez stock is $73.13. The shares closed on Monday at $62.45.
Reinsurance Group of America
Insurance companies tend to do well, as premiums always have to be paid regardless of the economy. Reinsurance Group of America Inc. (NYSE: RGA) offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products. It also offers asset-intensive and financial reinsurance products and other capital-motivated solutions.
The company provides reinsurance for mortality, morbidity, lapse and investmentelated risk associated with products, as well as reinsurance for investmentelated risks. In addition, it develops and markets technology solutions, and it provides consulting and outsourcing solutions for the insurance and reinsurance industries. The company serves life insurance companies in North America, Europe, the Middle East and elsewhere.
Investors receive a 2.37% dividend. The $138 Jefferies price target is well above the $129.91 consensus target and the most recent close at $126.02.
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