Which are 4 NZX consumer stocks to be explored this year?

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Which are 4 NZX consumer stocks to be explored this year?

consumer stocks
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Highlights

  • Consumer stocks reveal the habits and lifestyles of the consumers and are necessary for their existence.
  • My Food Bag Group appoints a new Chief Supply Chain Officer.
  • Fonterra Co-operative Group, the dairy giant revises its milk collection forecasts.

Generally speaking, consumer stocks refer to those companies which produce consumer-oriented products and fulfil the needs of the consumers.

These stocks cover food, pharmaceuticals, beverages and heaps more.

That said, let us quickly glance at the four NZX-listed consumer stocks worth considering this year.

NZX consumer stocks- MFB, FCG, CVT, MWE

Source: © 2022 Kalkine Media® data source- Refinitiv

My Food Bag Group Limited (NZX:MFB)

The online meal-kit provider has inducted Paul Kelly on its Board. He would assume the role of Chief Supply Chain Officer and would commence work w.e.f. 14 March onwards.

Meanwhile, Fred Britton will continue to head MFB’s supply chain department until Paul’s arrival.

On 14 January, at the closing bell, My Food Bag Group was down by 0.89% at NZ$1.110.

Related Read: Which 2 NZX food stocks can be considered amid inflation?

Fonterra Co-operative Group Limited (NZX:FCG)

Fonterra Co-operative Group Limited has recently revised the forecasts of milk collections for the season pertaining to 2021/22.

Owing to the challenging growing conditions across the country, FCG witnessed a fall in its actual milk collections during the last season.

Hence, it has revised its forecast for 2021/22, with a decline of 1.6% to 1,500 million kgMS, instead of the earlier given forecast of 1,525 million kgMS.

On 14 January, at the closing bell, Fonterra Co-operative Group climbed by 0.34% at NZ$2.980.

Comvita Limited (NZX:CVT)

Comvita Limited has recently disclosed its plans to take up to 300,000 of its shares with reference to its proposed employees’ share scheme arrangements.

The offer will be made until 31 March, and the said equity shares would be acquired during the stipulated time.

On 14 January, at the closing bell, Comvita was flat at NZ$3.670.

Interesting Read: Will Comvita (NZX:CVT) achieve 50% digital sales by 2025?

Marlborough Wine Estates Group Limited (NZX:MWE)

Marlborough Wine Estates Group Limited had conducted its online ASM last month, wherein a resolution was passed to re-elect Min (James) Jia as a director of the company.

A Quick Read: Would these 3 NZX wine stocks make waves this year?

Further, BDO has been reappointed MWE's auditor, and that directors have been authorized to fix its remuneration.

On 14 January, at the closing bell, Marlborough Wine Estates Group gained by 2.08% at NZ$0.245.

Bottom Line

As the income increases, people tend to spend more on consumer stocks, which forms an important part of their routine lifestyle.

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