12 Best Consumer Goods Stocks Billionaires Are Quietly Buying

1. Philip Morris International Inc. (NYSE:PM)

One-year Return as of July 3: 76.38%

Number of Billionaire Investors: 22

Philip Morris International Inc. (NYSE:PM) is one of the 12 best consumer goods stocks billionaires are quietly buying. On June 30, analysts at Stifel reiterated a ‘Buy’ rating on the stock and a $186 price target. The bullish stance comes as the stock has registered an impressive 46% year-to-date gain while maintaining an industry-leading gross profit margin of 65.68%.

Analysts at Stifel expect an increased focus on the European market to contribute approximately one-third of the company’s smoke-free growth through 2026. They also expect the company to benefit from the momentum of IQOS and the development of a multi-category strategy, including VEEV e-vapor and ZYN pouches.

Stifel maintains a positive bias towards Philip Morris due to its multi-category approach, which focuses on smoke-free products. It expects the strategy to allow the company to capture and drive incremental consumer shifts beyond heated tobacco.

Philip Morris International Inc. (NYSE:PM) is a leading international tobacco company that is transitioning to a smoke-free future. While it still produces and sells cigarettes, PMI is heavily investing in and promoting smoke-free alternatives like heated tobacco, e-vapor, and oral smokeless products.

While we acknowledge the potential of Philip Morris International Inc. (NYSE:PM) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PM and that has 100x upside potential, check out our report about this cheapest AI stock.

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