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Nearly 10 Year-Increasing Snack Food Champion Reaffirmed in Best Dividend Growth Stocks Model Portfolio

To say the consumer staples sector is a bloodbath would be an understatement. With high inflationary pressures, consumers are starting to balk at spending money, while product producers are treading a fine line with raising prices to cover costs. It’s cutthroat to say the least. It takes a special kind of consumer products firm to get through the malaise. Luckily, our latest Best Dividend Growth Stocks Model Portfolio pick is such a firm!

Our pick is one of the largest producers of cookies, crackers, and snack foods on the planet. With some of the largest brands in the category under its umbrella, our pick has plenty of cash flows from its product portfolio. The key win for our pick is that this category of foods allows it to incrementally raise prices to cover its own costs and consumers seem OK with paying the extra fees.

Even better has been our pick’s ability to transition these billion brands into additional tangential products and offers. New flavors and snacks based on these brands provide easy revenue wins and additional growth for the firm. So much so that management recently upped its own earnings estimates for the entire year.

With plenty of potential and dividend growth ahead, our pick is great for investors of all stripes. Watch for when the stock goes ex-dividend on Thursday, June 30 (estimated date).

You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.

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