#3 - Altria Group (NYSE:MO)
Sin stocks like Altria Group (NYSE:MO) may not be the choice of some investors. However, if you’re looking at risk off stocks that have a defensive upside, MO stock looks like a solid choice. The last five years have been disappointing for shareholders. But the stock does look like it found a bottom at the onset of the Covid-19 pandemic. And since hitting a low of $34.28 in March 2020, MO stock has generated a 46.8% return for investors.
As with the other consumers staples products in this presentation, Altria has been able to pass along a higher cost to consumers. You could say cynically that this is a result of the addictive quality of the company’s products. But facts are stubborn things. And for now that’s working in the favor of Altria Group.
And don’t overlook the fact that the company is attempting to pivot away from cigarettes. The company’s “Moving Beyond Smoking” initiative is putting its emphasis on oral tobacco and e-vapor products.
About Altria Group
Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.
Read More - Current Price
- $56.06
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 3 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $51.33 (8.4% Downside)
