This is the ultimate consumer staples type play for worried investors. Tyson Foods Inc. (NYSE: TSN) operates as a food company worldwide. It processes live-fed cattle and live-market hogs; fabricates dressed beef and pork carcasses into primal and subprimal meat cuts, as well as case-ready beef and pork and fully cooked meats; raises and processes chickens into fresh, frozen and value-added chicken products; and supplies poultry breeding stock. It also sells specialty products, such as hides and meats.
Tyson also manufactures and markets frozen and refrigerated food products, including ready-to-eat sandwiches, flame-grilled hamburgers, Philly steaks, pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, flour and corn tortilla products, appetizers, snacks, prepared meals, ethnic foods, side dishes, meat dishes, breadsticks and processed meats under the Jimmy Dean, Hillshire Farm, Ball Park, Wright, State Fair, Aidells and Gallo Salame brands.
Shareholders receive a 2.11% dividend. The price target on Tyson Foods stock at Stephens is $115. That compares with a $101.18 consensus target and the most recent close at $86.58.
A potential increase in new home sales would be a big positive for this company. Whirlpool Corp. (NYSE: WHR) manufactures and markets home appliances and related products. Its principal products include refrigerators, freezers, ice makers and refrigerator water filters; laundry appliances and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.
Whirlpool markets and distributes its products primarily under the Whirlpool, Maytag, KitchenAid, JennAir, Amana, Roper, Admiral, Affresh, Gladiator, Speed Queen, Hotpoint, Bauknecht, Indesit, Ignis, Laden, Privileg, KIC, Consul, Brastemp, Acros, Ariston, Diqua and Royalstar brands.
Investors receive a 3.59% dividend. J.P. Morgan’s price target of $261 is higher than the $248.00 consensus target. The final Whirlpool stock trade on Monday hit the tape at $186.80, or down over 4% on the day.
Jefferies feels these eight top companies have “rock solid” dividends that will not be cut or lowered. With stocks that cover all parts of the risk spectrum, from large-cap technology to health care and consumer staples, there is something for everybody in this group of blue-chip leaders.
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