Kraft Heinz Co. (NYSE: KHC) was formed almost three years ago via the merger of H.J. Heinz and Kraft Foods. The company is the leading global food company, with $29 billion of annual revenues generated by well-known brands such as Kraft, Heinz, Oscar Meyer and Maxwell House.
The company is the third largest food and beverage manufacturer in North America, and it derives 76% of revenues from that market and 24% from International. The company’s many brands also include ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta.
Shareholders are paid a 3.95% dividend. Merrill Lynch has an $85 price target, and the consensus target was last seen at $67.59. The stock was trading at $63.00 per share.
Simon Property Group Inc. (NYSE: SPG) invests in the real estate markets across the globe. It engages in investment, ownership, management and development of properties. It primarily invests in regional malls, premium outlets and community/lifestyle centers to create its portfolio.
Through its subsidiary partnership, it owns or has an interest in about 230 properties in the United States and Asia. The company also has a 28.9% interest in Klepierre, a European REIT with over 260 shopping centers in 13 countries.
One key driver of growth will include the more than $1.0 billion in development/redevelopment planned over the next few years. Merrill Lynch also feels that the company’s high-quality portfolio is weathering the retail storm better than most.
Shareholders are paid a 4.4% distribution. The $190 Merrill Lynch price target compares with a $184.86 consensus target. The shares were trading at $170.85.
The stock of this top telecommunications company offers tremendous value and is still down almost 15% from highs posted back in February. Verizon Communications Inc. (NYSE: VZ) is a global leader in delivering the digital world.
Verizon Wireless operates America’s self-described most reliable wireless network, with 109.5 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and it delivers integrated business solutions to customers worldwide.
The company reported better-than-expected first-quarter results, as the wireless carrier lost fewer monthly phone subscribers than feared, and the company’s chief financial officer said it was continuing to explore a new video service. Total operating revenue rose to $31.77 billion from $29.81 billion a year earlier.
Verizon investors are paid an outstanding 4.76% dividend. Merrill Lynch has set a $58 price target. The posted consensus target is $55.88, and the stock traded at $49.49.
These five top companies are liquid, pay big dividends and look like safe havens as the market volatility continues to churn. Needless to say, a massive market sell-off will take everybody down, but these five will weather the storm better than tech momentum darlings.