#6 - Kraft Heinz (NASDAQ:KHC)
Kraft Heinz Co. (NASDAQ: KHC) has been a better trade than an investment over the past three years. The stock has been trading in a defined range, and the price action in October 2024 confirms that investors continue to bounce between bullish or bearish convictions.
As part of the consumer staples sector, the company is facing the twin headwinds of a lack of pricing power and competition with house brands that are becoming more attractive to consumers.
KHC’s Q3 2024 earnings report did little to make analysts more optimistic. The company beat on the bottom line, but revenue came in lighter than analysts’ forecasts and down on a year-over-year basis.
However, the stock is trading at just 11x forward earnings and pays a dividend with a 4.75% yield. The company hasn’t increased the dividend since 2019 but has still managed to deliver a total return of 48.5% over that period.
About Kraft Heinz
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.
Read More - Current Price
- $32.82
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $37.25 (13.5% Upside)
