Diageo
This is one of the largest producers of alcoholic beverages in the world. Diageo PLC (NYSE: DEO) produces, markets and sells alcoholic beverages worldwide, including scotch whiskey, gin, vodka, rum, beer, Irish cream liqueurs, wine, Raki, tequila, Canadian and American whiskey, Cachaça and brandy, as well as adult beverages and ready to drink products. The company’s premium brands include Johnnie Walker, Smirnoff, Captain Morgan, Baileys, Tanqueray and Guinness.
Diageo’s reserve brands include Johnnie Walker Blue Label, Johnnie Walker Green Label, Johnnie Walker Gold Label 18-year-old, Johnnie Walker Gold Label Reserve, Johnnie Walker Platinum Label 18-year-old, John Walker & Sons Collection, Johnnie Walker The Gold Route, Johnnie Walker The Royal Route and other Johnnie Walker super-premium brands, as well as The Singleton, Cardhu, Talisker, Lagavulin and other malt brands.
Diageo stock comes with a 2.11% dividend. The BofA Securities price target is $196. The $184.01 consensus is closer to Monday’s $173.18 closing share price.
Jefferies Financial
This broker-dealer is a newer holding for Buffett and is a very solid idea for those looking for financials other than money center banks. Jefferies Financial Group Inc. (NYSE: JEF) engages in the investment banking and capital markets and in asset management businesses in the Americas, Europe, Asia and elsewhere.
The company operates via its Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate segments. It provides investment banking, advisory services with respect to mergers or acquisitions, restructurings or recapitalizations and private capital advisory transactions, as well as equity and debt underwriting and corporate lending.
Jefferies also offers financing, securities lending, and other prime brokerage services; equities research and finance; and wealth management services. It provides clients with sales and trading of investment-grade corporate bonds, U.S. and European government and agency securities, municipal bonds, mortgage-backed and asset-backed securities, leveraged loans, consumer loans, high-yield and distressed securities, emerging markets debt, interest rate, and credit derivative products, as well as foreign exchange trade execution and securitization. It manages, invests in and provides services to a diverse group of alternative asset management platforms across a spectrum of investment strategies and asset classes.
The dividend yield here is 3.43%. Oppenheimer has set its price objective at $45, and Jefferies Financial stock has a consensus target of $37.33. The shares closed on Monday at $34.97.
Kraft Heinz
Even in bad times, everybody has to eat, and Kraft Heinz Co. (NASDAQ: KHC) always stands to benefit. The company was formed almost six years ago in the merger of H.J. Heinz and Kraft Foods. The company is a leading global food company, with $25 billion in annual revenues generated by such well-known brands as Kraft, Heinz, Oscar Meyer and Maxwell House. It is also one of America’s most trusted food and drink brands.
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