Despite the effect of the COVID-19 to the global economy, consumer staples sector companies are seem to be less sensitive to economic cycles. These companies are providing daily services to their clients - manufacturers and distributors of food, hypermarket, beverages and producers of non-durable household goods and personal products. Walmart, Monster Beverage and McCormick in this regard are an expected growth stocks.
Walmart Inc, NYSE: WMT, is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Walmart Inc has originally founded in 1962, nowadays, having more than 11,000 branches in 27 countries. Moreover, Walmart Inc providing many other services to their customers such as apparel, housewares, small appliances, electronics, musical instruments, books, home improvement, shoes, jewelry, toddler, games, household essentials, pets, pharmaceutical products, party supplies, and automotive tools. WMT has a market cap of $373.85 billion. Walmart is considered as one of the top companies by revenue, with $534.66 billion of revenue for twelve months ending April 30, 2020. Walmart Inc closes at $132.20 with profit gain of $0.20 (+0.15%). The 12 months analysis expected to have a gain improvement for WMT, the highest predictable goal is $150, the lowest $100, with an average propose price of $138.
Monster Beverage Corp, NASDAQ: MNST, is a holding company, providing a diffident kind of energy drink. The company has been introduced to the market since 2002. Monster Beverage Corp having a market cap of $38.239 billion, with revenue (TTM) of $4.32 billion. MNST gain profit of $0.43 (+0.60%) and close at $72.62. Based on 14 months analyst, Monster Beverage Corp forecast shows an enlarge expectation for 12-month analysis, with a median price of $73. The high price target for MNST is $80 and a lower estimate of $52. For the long-term investment of 5 years, the Monster Beverage Corp is expected to target a price of $90.076.
McCormick & Company, NYSE: MKC, is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The McCormick & Company founded in 1889. McCormick & Company has a market cap of $25.22 billion with revenue (TTM) of $ 5.43 billion. McCormick & Company close at $189.72, with gain of $0.52 (+0.27%). The 11 analysts offering 12-month price forecasts for MKC, the highest estimated price is $200, the lower price of $121. The median expected target of McCormick & Company is $195. The target of 5 years investment is $1025.467.
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