by Fred Fuld III
It’s almost that time again to get stuffed! A time when you get to talk turkey to all your relatives, and maybe even getting a dressing down from one of them.
OK, enough with the puns. Time to make a little gravy with some Thanksgiving stocks.
Thanksgiving is November 22. There are several companies that will benefit from the Thanksgiving holiday. Here are some examples:
Tyson Foods (TSN) sells Hillshire Brands turkeys. The stock has a trailing price to earnings ratio of 7 and a forward P/E of 10. It pays a yield of 1.95%.
Campbell Soup (CPB) sells Pepperidge Farm stuffing. Campbell has a forward P/E of 15 and has a yield of 3.8%.
ConAgra, Inc. (CAG) sells Marie Callender’s pumpkin pie. The stock trades at 16 times forward earnings and yields 2.4%.
Kraft Heinz (KHC) sells Heinz Gravy and Stove Top Stuffing. It has a forward P/E of 13.5 and pays a generous yield of 4.9%.
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.
Happy Thanksgiving!