Molson Coors Brewing
With people getting back out and holding backyard barbeques, as well as going out to bars and restaurants, and a host of other reasons, beer is always in demand. Molson Coors Brewing 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 company recently provided a fiscal 2021 financial outlook that implies a significant step up in marketing spending that should help support sales growth. With summer right around the corner, the stock could be poised for a strong move higher.
Jefferies has set a $57 price target, with an upside target of $69. The posted consensus target is $55.18, but Molson Coors Brewing stock closed most recently at $57.15.
This is a top real estate pick across Wall Street in the net lease group, and it is an ideal stock for investors who are more conservative. VICI Properties Inc. (NYSE: VICI) is a triple net lease real estate investment trust (REIT) that was spun out of Caesars Entertainment post-bankruptcy.
The company has 23 mixed-use gaming, lodging and entertainment properties in its portfolio, and a subsidiary that owns four championship golf courses. VICI also owns roughly 34 acres of undeveloped land in Las Vegas, which it leases to Caesars.
Much of the focus across Wall Street for VICI was on its recent deal to acquire the real estate of the Venetian Resort in Las Vegas, with Apollo as a new tenant. In addition, many analysts are positive on VICI’s growth pipeline with Caesars Entertainment including a put/call on the Centaur properties in Indiana and a right of first refusal on a Strip asset sale for Caesars.
Investors receive a 4.26% distribution. The Jefferies price target for VICI Properties stock is $37. The consensus target is just $33.47, and shares closed at $30.99 on Friday.
These five stocks are reasonably priced, come with dependable dividends and could gain some momentum as more money rotates away from the sectors and stocks that are falling out of favor on Wall Street. Each is quite suitable for growth investors looking for a dividend kicker.