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Bristol Myers Squibb

This remains a solid pharmaceutical stock to own long term and offers among the best values now for investors. Bristol Myers Squibb Co. (NYSE: BMY) is a global pharmaceutical company focused on discovering, developing, licensing and marketing chemically synthesized drugs or small molecules and biologics in various therapeutic areas, including virology comprising human immunodeficiency virus infection (HIV), oncology, neuroscience, immunoscience and cardiovascular.

The company’s products include the following:

  • Opdivo for anti-cancer indications
  • Eliquis, an oral inhibitor targeted at stroke prevention in adult patients with non-valvular atrial fibrillation, and the prevention and treatment of venous thromboembolic disorders
  • Orencia for adult patients with active RA and prostate-specific antigen, as well as reducing signs and symptoms in pediatric patients with active polyarticular juvenile idiopathic arthritis.

Shareholders receive a 3.00% dividend. The BofA Securities price target is $78, while the consensus target is $75.63. Bristol Myers Squibb stock closed at $65.50 per share on Tuesday.

Kellogg

No matter how dicey things get, consumers will still have to eat, and this company is a leader. Kellogg Co. (NYSE: K) is the global leader in breakfast cereal, as well as a leader in categories such as cookies, crackers, cereal bars and toaster pastries. Kellogg is a focused organization with 82% of sales coming from three businesses: North American retail channel snacks (30%), International cereal (28%) and North American retail channel cereal (24%). Over 60% of total sales are in the United States, but the company has a growing presence in Europe, Latin America and the Asia/Pacific.

The company offers its products under the Kellogg’s, Cheez-It, Pringles, Austin, Parati, RXBAR, Kashi, Bear Naked, Eggo, Morningstar Farms, Choco Krispies, Crunchy Nut, Nutri-Grain, Special K, Squares, Zucaritas, Sucrilhos, Pop-Tarts, K-Time, Split Stix, Be Natural, LCMs, Coco Pops, Rice Krispies Squares, Kashi Go, Vector and Gardenburger brand names.

Shareholders receive a 3.51% dividend. The $76 BofA Securities price target is well above the $67.78 consensus target. Kellogg stock closed on Tuesday at $66.04.