The 3 Most Undervalued Consumer Stocks to Buy in July 2024

分组1: British American Tobacco (BTI) - British American Tobacco has taken a significant writedown on the value of its cigarette brands, but growth in its alternative nicotine products is ahead of schedule, indicating a successful long-term business model evolution [3] - BTI shares are currently trading over 50% below their 2017 peak, selling for less than seven times forward earnings and offering an attractive 11.5% dividend yield [6] - The company is aggressively transitioning away from traditional cigarettes, investing heavily in alternatives such as vaping and heated not-burned delivery systems [15] 分组2: Kraft Heinz (KHC) - Kraft Heinz has faced challenges since its merger in 2015, struggling with revenue growth and a significant debt load, leading to dividend cuts and cost reductions [8] - Despite negative sentiment, KHC may be undervalued, with a current stock price of $32 compared to a fair value estimate of $57 per share [10] - The company could be well-positioned for a recession, as consumers tend to trade down to budget-friendly grocery products [19] 分组3: Molson Coors (TAP) - Molson Coors has seen its stock decline by 25% over the past year, but the beer market remains resilient during economic downturns [21] - The stock is currently trading for less than 10 times forward earnings, while Morningstar estimates a fair value of $70 per share [12] - Economic challenges may lead consumers to shift from premium products to more affordable options offered by Molson Coors [22]