Consumer Products

5 Stocks to Buy Now as Market Has Become Massively Overbought

The company’s Grocery & Snacks segment primarily offers shelf-stable food products in various retail channels in the United States. The Refrigerated & Frozen segment provides temperature-controlled food products in various retail channels in the United States. The International reporting segment offers food products in various temperature states in retail and foodservice channels outside of the United States.

The Foodservice segment offers food products, including meals, entrees, sauces and various custom-manufactured culinary products packaged for sale, to restaurants and other foodservice establishments in the United States.


The analysts noted this earlier this fall:

As one of North America’s leading branded food companies, our Buy rating is predicated on advantaged portfolio/channel/geographic positioning amid an elevated food-at-home consumption backdrop, margin expansion potential driven by transactional synergies and mix margin positive innovation, and attractive valuation relative to the food peer group. Net-net, we believe positive consensus profit and earnings revisions should continue over the next 12-18 months.

Investors receive a 3.10% dividend. The Jefferies price objective is $41, and the consensus target price is $37.74. Congra Brands stock closed at $35.49 on Friday.

Constellation Brands

If there is any company with 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 wide-ranging portfolio spans wine, spirits and imported beer.

The company 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.

The company made a gigantic $3.8 billion investment in cannabis company Canopy Growth last year 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 in Constellation Brands stock receive a 1.63% dividend. The lofty $238 Jefferies price target is well above the $218.68 consensus target. Shares were last seen trading at $213.79.

Mondelez

This consumer sector giant also makes good sense for conservative accounts. 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.