Molson Coors
This iconic American beer company did merge with a Canadian beer giant, but it is still based in Denver. Molson Coors Beverage Co. (NYSE: TAP) is one of the world’s largest brewers (more than a 3% global share) with core brands Coors Light, Miller Lite, Carling, Molson Canadian and Staropramen.
Molson and Coors merged in February 2005 and added StarBev in 2012, and it serves markets including the United States, Canada, Eastern Europe and the United Kingdom and Ireland, with exposure to other markets through its Molson Coors International division. It acquired the remainder (58%) of the U.S. joint venture (MillerCoors) in mid-October 2016.
The Coors light brand remains a huge favorite with Generation X and baby boomers, who were all around when the light beer revolution started. In addition, a marketing gaffe by InBev, the owner of Bud Light, has paved the way for some disgruntled customers to change their beer-drinking loyalty to the company’s products.
The dividend yield here is 2.48%. The $75 Jefferies price target compares with a $65.44 consensus target. Molson Coors Beverage stock closed at $67.75 on Tuesday.
Ross Stores
This discount retailer continues to be a favorite with cost-conscious consumers. Ross Stores Inc. (NASDAQ: ROST) operates off-price retail apparel and home fashion stores that primarily offer apparel, accessories, footwear and home fashions. About 75% to 80% of the company’s customers are women shopping for themselves or family members.
The company’s Ross Dress for Less stores sell its products at department and specialty stores primarily to middle-income households. Its dd’s Discounts stores sell its products at department and discount stores regular prices to customers from households with moderate income. As of February 10, 2022, it operated approximately 1,900 off-price apparel and home fashion stores in 40 states, the District of Columbia and Guam.
Investors receive a 1.26% dividend. Ross Stores stock has a $124 target price at J.P. Morgan. That compares with a $119.42 consensus target and Tuesday’s closing print of $106.43.
The inflation issue is not over, but the long struggle is likely much closer to the end than the beginning. These five top companies should do very well in a falling inflation environment, and their stocks make sense for long-term investors looking to stay long the market but wanting to avoid chasing technology, which has led the market rally this year.
Originally published at 24/7 Wall St.
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