by Fred Fuld III
Thanksgiving is November 28, less than a week away. There are a few stocks that can benefit from Thanksgiving. Here are several examples:
If you are looking for a turkey company (I don’t mean that in a negative way, I mean it in a food way), Tyson Foods (TSN) sells Hillshire Brands turkeys. The stock has a trailing price to earnings ratio of 16 and pays a dividend yield of 1.9%. The annual dividend payout was recently increased by 12%.
Campbell Soup (CPB) sells Pepperidge Farm stuffing. Campbell has a trailing P/E of 67 and a forward P/E of 18 and has a yield of 3.0%.
ConAgra, Inc. (CAG) sells Marie Callender’s pumpkin pie. The stock trades at 20 times trailing earnings and 12 times forward earnings and yields 3.0%.
Kraft Heinz (KHC) sells Heinz Gravy and Stove Top Stuffing. It has a forward P/E of 12 and pays a generous yield of 5.15%.
Other Thanksgiving stocks include Hormel (HRL) which sells the Jennie-O brand of turkeys, Constellation Brands (STZ) which produces Mondavi wine and many other wines, and Lifetime Brands (LCUT) which makes KitchenAid utensils.
So now it’s time to get stuffed and you get to talk turkey to all your relatives, and maybe even getting a dressing down from some of them. Time to make a little gravy with some Thanksgiving stocks.
Hoping you all have a Happy Thanksgiving!
Disclosure: Author didn’t own any of the above at the time the article was written.
Americans are expected to spend over $1 billion on turkeys for this Thanksgiving on Thursday, November 24, according to new research by personal finance comparison website