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 2.57% dividend. The Mondelez International price target at Bernstein is $79. The consensus target is lower at $73.16, and shares closed on Wednesday at $60.24.
Procter & Gamble
The company offers a very solid dividend as well as a host of recognizable products. Procter & Gamble Co. (NYSE: PG) is one of the world’s largest consumer products companies and one of the oldest in the Fortune 500. Its many brands include Pampers, Tide, Bounty, Charmin, Gillette, Oral B, Crest, Olay, Pantene, Head & Shoulders, Ariel, Gain, Always, Tampax, Downy and Dawn.
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.
Investors receive a 2.59% dividend. Wells Fargo’s $160 price objective is higher than the $156.08 consensus target. Wednesday’s closing share price for Procter & Gamble stock was $138.51.
It should be noted that investors like Burry and Jeremy Grantham (who also sees massive market downside) are perpetually bearish, but the saying “don’t fight the Federal Reserve” works in both directions. Interest rates are headed higher, with another big increase coming next week. All these Berkshire Hathaway holdings likely would trade lower in a big market move down, but they should hold their ground better than most.
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