Charity Portfolio: LVMH, VICI Properties or Zoetis? The Second Community Vote

Round two in the community charity portfolio: after the razor-thin McDonald's win in the first vote, you get to vote again on which stock is bought next for at least €1,000. Up for the vote this time are LVMH, VICI Properties and Zoetis – the three stocks you suggested most often under the last video: VICI got three mentions, LVMH and Zoetis two each.

As always up front: this is not investment advice and not a buy recommendation. I only show my personal opinion and my personal investments. I'm responsible for my money, you're responsible for yours – always make your own decision.

A quick look at the portfolio

There's not much to see in the portfolio itself yet: so far there's only the McDonald's position from the first purchase, about 1.85% in profit at the time of the video. The first dividend arrives in September, and from McDonald's alone just under €35 is already in the dividend calendar for next year – as discussed, we'll donate quarterly at first, once meaningful amounts accumulate. The entire portfolio is, as always, shared live via Parqet*: finlen.de/spenden-depot.

The three candidates compared

All three companies are genuine quality stocks and strong dividend payers – and I've long held all three in my main portfolio myself, so for me it would be an add-on purchase in any case. Let's look at them in detail.

LVMH: the luxury world leader on sale

• The company: Louis Vuitton Moët Hennessy – the world's largest luxury group with over 211,000 employees. Its brand portfolio includes Louis Vuitton, Dior, Celine, Loewe, Tiffany & Co., Bulgari, TAG Heuer and Hublot – fashion, jewellery, spirits and cosmetics under one roof
• Dividend: around 2.8% yield, paid out twice a year as a French company. The dividend hasn't been cut for 32 years, and rose by a strong 14.47% per year on a 10-year average
• Growth: over 10 years earnings grew by 11.36% annually – over 5 years, however, there's a minus of 1.87%, as the entire luxury sector has been battling headwinds for a few years
• Valuation: P/E currently 21.1 versus 25.7 on a 10-year average – just under 18% undervalued. Analyst price target: +22.4%

VICI Properties: the casino REIT with a 6.8% dividend yield

• The company: probably the least known of the three candidates – a US real estate REIT specialising in commercial property in the gambling and entertainment sector. Its most famous property: Caesars Palace in Las Vegas. Casinos and even golf courses are leased via long-term triple-net lease contracts – a wonderfully simple business model
• Dividend: at around 6.8% the highest yield in the trio, paid out quarterly. The dividend has been raised every year for 7 years – practically since it began – most recently by an average of 6.08% per year. The payout ratio of 74% is even rather low for a REIT
• Growth: +6.64% earnings growth per year on a 5-year average – stable and predictable
• Valuation: as a REIT, adjusted FFO counts: currently 10.9 versus 14.3 on a 10-year average – around 24% undervalued. Analyst price target: +23.9%

Zoetis: the animal health giant in extreme undervaluation

• The company: one of the world's largest animal medicine companies, spun off from Pfizer's animal health division. Zoetis develops medicines, vaccines, diagnostics and genetic tests for farm and pet animals
• Dividend: around 2.8% yield with a quarterly payout – and raised every year for 12 years, with an impressive 19.65% increase per year on a 10-year average, the clear dividend-growth champion in the comparison
• Growth: +13.59% earnings growth per year over 10 years, +7.77% over 5 years
• Valuation: this is where it gets extreme: the P/E averaged 29.8 over 10 years – after the heavy price slide of recent months, the stock trades a good 60% below its historical valuation. Analyst price target: +25%. In my main portfolio Zoetis is currently among the biggest losers – which makes the price all the more exciting for an entry

How to vote

As last time, the vote runs on two tracks:

• On YouTube: under the video you'll find a separate comment from me for each of the three stocks. A like = one vote. If you like two stocks, you can like both – liking all three logically doesn't help much. The vote runs two to three days
• On Instagram: a 24-hour poll runs in parallel in the story on @FinanzLennard

The votes from both platforms are added up, and the winning stock is bought straight away. And so it continues month after month – as soon as the first dividends trickle in, we start donating.

Update: VICI Properties won

The vote is now decided – this time VICI Properties came out on top. The purchase is already done: on 17 August 2026, 50 shares for €1,145 went into the portfolio. That now puts a good €2,300 in the charity portfolio, split almost exactly 50/50 between McDonald's and VICI – and with the casino REIT, a decent dividend contributor is directly on board: at a 6.8% yield, the position will contribute noticeably more to the donation pot in future than the previous McDonald's position.

You'll find all articles in the series in the Charity Portfolio category – from the concept through the first vote to the update with the first purchase. See you at the next vote!