Buy Campbell for its stay-at-home advantage

Article Excerpt

The COVID outbreak has prompted consumers to stock up on non-perishable foods. That has helped push up the stock prices of both these food producers. Even so, Campbell Soup is a better choice for your new buying, as it gets most of its sales from consumers instead of currently closed restaurants, movie theatres and sports stadiums. PEPSICO INC. $133 remains a high-quality hold for your portfolio. The company (Nasdaq symbol PEP; Conservative-Growth Payer Portfolio, Consumer sector; Shares outstanding: 1.4 billion; Market cap: $186.2 billion; Dividend yield: 3.1%; Dividend Sustainability Rating: Above Average; www.pepsico.com) is the world’s second-largest soft-drink maker after Coca-Cola. Its other brands include Frito-Lay snack foods, Gatorade sports drinks, Tropicana fruit juices and Quaker Oats cereals. PepsiCo owns 22 brands that each generate more than $1 billion in annual retail sales. Starting with its June 2020 payment, PepsiCo will raise its quarterly dividend by 7.1%, to $1.0225 a share from $0.955. Your new annual rate of $4.09 yields 3.1%. The company has now increased that…