5 U.S. 4th of July stocks to buy now for year-round gains and big dividends – 24/7 Wall St.
If there is one holiday celebrated in the United States that is among the favorites of all citizens, it is Independence Day. It transcends all walks of life, and the secular nature of the celebration makes it a celebration for all Americans. The 4th of July honors a day that is perhaps the most important in the history of the country. From the biggest cities to the smallest rural communities, pride and participation from little children to the elderly mark this truly special day.
At 24/7 Wall St., we thought it was a good time to look at the top companies that are usually big winners. They may be even bigger this year as the celebration falls on a Monday, so many may be ready for a long weekend. With parades, barbecues, boating, bands and more, many Americans will be heading to the store to stock up on the big day or before heading out on a fun-filled vacation.
We scoured our 24/7 research database on Wall St. and found five top stocks that could kick off the third quarter well due to the holidays. Although all are rated Buy, it is important to remember that no single analyst report should be used as the sole basis for any buy or sell decision.
It remains one of Warren Buffet’s top holdings, as he owns a massive 400 million shares. Coca-Cola Co. (NYSE: KO) is the world’s largest beverage company, refreshing consumers with more than 500 fizzy and still brands that will be in Fourth of July coolers. And it has an incredibly strong global brand, with 40% overseas sales.
Led by Coca-Cola, one of the world’s most valuable brands, the company’s portfolio includes 20 billion-dollar brands, including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Globally, it is the leading supplier of sparkling beverages, ready-to-drink coffees, juices and juice drinks.
Through the world’s largest beverage distribution system, consumers in more than 200 countries enjoy Coca-Cola beverages with more than 1.9 billion servings a day. Also, don’t forget that the company also owns 16.7% of Monster Beverage, which continues to deliver big numbers.
Coca-Cola stock investors receive a 2.80% dividend. Truist Financial has a target price of $75 on the stock, and the consensus target is $69.84. Thursday’s final trade was $62.91 per share.
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Even in tough times, everyone has to eat, and this business always benefits, especially when grilling hot dogs and cheeseburgers is on the 4th of July menu. Kraft Heinz Co. (NASDAQ: KHC) was formed by the merger of HJ Heinz and Kraft Foods. The company is a leading global food company, with $29 billion in annual revenue generated by well-known brands such as Kraft, Heinz, Oscar Meyer and Maxwell House.