Altria Group: A Top Counter-Inflation Pick
13 Dezember 2021 - 04:01PM
TipRanks
Altria Group (MO) is a consumer staples goliath, boasting a market
cap of $82.8 billion. It is known for the Marlboro cigarette brand
in the U.S. and several other non-smokable brands, including Skoal,
Copenhagen, and the Ste. Michelle brand of wine. The company
also has a 10% equity stake in global beer giant Anheuser Busch
Inbev, a significant stake in Juul, the manufacturer and
distributor of a vaping product, and a stake in the cannabis
company Cronos Group (CRON). Due to the risks surrounding
tobacco stocks, including declining investor interest which can
result in a valuation compression and hence affect total returns, I
am neutral on the stock.
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Altria (NYSE:MO)
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