Note that Warren Buffett holds a huge position in Kraft Heinz stock at Berkshire Hathaway.
Shareholders receive a 3.75% dividend. The BofA Securities price target is $48. The consensus target is $40.79, and Kraft Heinz stock closed at $41.98 on Monday.
Walgreens
This huge drugstore chain operator is a safe retail play for investors looking to add health care now. Walgreens Boots Alliance Inc. (NASDAQ: WBA) operates as a pharmacy-led health and beauty retail company. It operates through three segments.
The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores. It also provides specialty pharmacy services and mail services; this segment operates nearly 10,000 retail stores under the Walgreens and Duane Reade brands in the United States; and six specialty pharmacies.
The Retail Pharmacy International segment sells prescription drugs and health and wellness, beauty, personal care and other consumer products through its pharmacy-led health and beauty stores and optical practices, as well as online and an integrated mobile application. This segment operated 4,428 retail stores under the Boots, Benavides and Ahumada in the United Kingdom, Thailand, Norway, the Netherlands, Mexico and elsewhere, and 550 optical practices, including 165 on a franchise basis.
The Pharmaceutical Wholesale segment engages in the wholesale and distribution of specialty and generic pharmaceuticals, health and beauty products, and home health care supplies and equipment, as well as provides related services to pharmacies and other health care providers.
Despite the solid first-quarter results, and efforts to sell the Boots pharmacies in Europe, where bids are reported to be in the $9.3 billion area, not one Wall Street firm has a Buy rating on the shares. That in itself is a contrarian reason to own the company at levels not seen since January of 2021. The sale of the Boots chain could have analysts flooding the stock with upgrades.
Investors are paid a big 4.50% dividend. The Hold rating on Walgreens Boots Alliance stock at Mizuho comes with a $56 target price. The consensus target is lower at $53.55, and shares ended Monday at $42.52.
Shares of these great companies have been hit during the ongoing 2022 sell-off, and all five are offering patient investors with a long-term horizon some of the best entry points in years. All are among the best companies in their respective sectors, and all have serious upside potential from current trading levels.
Originally posted at 24/7 Wall St.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
