If I Could Only Buy 3 Consumer Staples Stocks in the Last Half of 2024, I'd Pick These

I prefer to use the term "frugal," but in reality I'm just cheap. That's a core aspect of my life and my investment philosophy. I just don't like overpaying for anything. That's why, if I could buy only three stocks as 2024 comes to a close, they'd be PepsiCo (NASDAQ: PEP), Hormel Foods (NYSE: HRL), and Hershey (NYSE: HSY). Here's a quick look at all three of these attractive dividend stocks.PepsiCo has increased its dividend annually for over five decades, making it a Dividend King. That's a highly elite group of companies that you don't join without having a very strong business. The company's dividend yield is currently around 3.4%, which is near the highest levels seen over the past 40 years or so. In other words, it looks like a fallen angel, which means it is a good company facing temporary challenges. I'm looking closely at the stock today.There are a lot of things to like here. For example, PepsiCo is the No. 2 non-alcoholic beverage company in the world after Coca-Cola. It's the No. 1 salty snack maker via its Frito-Lay brand. And it has a strong position in packaged foods with its Quaker Oats business. Its size, research and development abilities, and distribution reach make it a valued partner to retailers across the spectrum.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool