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 2.13% dividend. The Jefferies price target is $64. The posted consensus target is $64 as well, and Mondelez International stock closed Friday at $59.03.
Procter & Gamble
The company offers a very dependable dividend, which was raised to $0.79 back in the spring. Procter & Gamble Co. (NYSE: PG) is one of the world’s largest consumer products companies. Its many brands include Pampers, Tide, Bounty, Charmin, Gillette, Oral B, Crest, Olay, Pantene, Head & Shoulders, Ariel, Gain, Always, Tampax, Downy and Dawn. Some of these are among the most valuable brands in the world.
The company sells its products through mass merchandisers, e-commerce, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, baby stores, specialty beauty stores, high-frequency stores and pharmacies. The company has been very innovative in its product development process and uses that to help ensure future growth and cash flow. This should provide investors years of steady growth and dividends.
The analysts noted this earlier this fall:
While the macro remains volatile, Procter & Gamble’s market share momentum is building across geographies/categories, the co.’s “productivity muscle” is enabling substantial investment, China (2nd largest market) is in recovery post challenging first quarter, and P&G should see sustainably higher demand from “mega trends” during/post the 2019 recession driving high EPS visibility (i.e., health/ wellness, work-from-home, shift to e-com, retailer focus on core SKUs).
Shareholders receive a 2.30% dividend. Jefferies has set a $166 price target. The consensus target is $150.31, and Procter & Gamble stock closed most recently at $137.47.
The prospects for 2021 are indeed very promising, with COVID-19 vaccines coming, improving travel and spending, plus economic growth as the Federal Reserve continues to keep rates low. However, the CNN Fear & Greed Index is highlighting an extreme in optimism that will be hard to top in coming months. When investors are this optimistic, it usually portends a sizable downturn.
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