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Consumer Staples Stocks Under Pressure Amid Investor Pessimism
Investors have adopted a negative outlook on consumer staples stocks, citing various headwinds. Despite these challenges, experts suggest that long-term dividend investors can still find opportunities in this sector.
Key Stocks to Watch
PepsiCo (NASDAQ: PEP) has a dividend yield of 3.9%, marking a historic high, and has increased its dividend for over 50 consecutive years. The company remains a leading player in beverages, salty snacks, and packaged foods.
Clorox (NYSE: CLX) offers a dividend yield of approximately 3.7%, having increased its dividend annually for 48 consecutive years. The company, known for its diverse cleaning products and other household goods, faces profit margin pressure due to inflation and pandemic-related challenges.
Hershey (NYSE: HSY) has a dividend yield of 3% and, while not a Dividend King, continues to increase its dividend over time. Current challenges include soaring cocoa prices affecting profit margins.
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