KHC - Is Kraft Heinz the Perfect Warren Buffett Stock to Add to Your Portfolio?
2023-06-13 08:40:00 ET
Got some dry powder sitting on the sidelines that you'd rather not put into higher-risk assets because you're worried about another broad-market downturn? That's understandable. In these circumstances, you might even be tempted to put that money into Treasury bonds and settle for a risk-free return of 4% or 5% per year.
Yet you might have a nagging feeling that you can do better than T-bills. That's probably true. One possibility is Kraft Heinz (NASDAQ: KHC) , which has rewarded investors with returns that aren't exactly risk free, but have historically held up well during times of economic turbulence. So, let's see if there's a solid case in favor of a consumer staples stand-by that's favored by a certain investing luminary from Omaha.
If you're going to put your hard-earned capital on the chopping block, you might as well put it into an asset that will let you sleep soundly at night. Kraft Heinz stock fits the bill as it has a low five-year monthly beta of 0.69, which means that historically the stock has moved up and down significantly less vigorously than the S&P 500 (which has a benchmark beta of 1).
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Is Kraft Heinz the Perfect Warren Buffett Stock to Add to Your Portfolio?