KHC - Kraft Heinz: A 5% Yielding Consumer Staple That Could Reward Long-Term Investors
2024-07-11 09:30:00 ET
Summary
- Kraft Heinz has faced disappointing investment returns over the past decade, but recent earnings reports show potential for growth in the next 12-24 months.
- Management is guiding for modest earnings growth and volume growth in 2024, with an emphasis on technology and buybacks to drive future success.
- With an undervalued stock price, a 5% dividend yield, and potential for double-digit upside, Kraft Heinz presents a great buying opportunity for long-term investors.
- The dividend yield of 5% is also attractive for long-term investors, as KHC's dividend is well-covered by cash flows.
Introduction
I've been familiar and watched Kraft Heinz ( KHC ) from afar ever since I was aware of Warren Buffett holding a stake in the company. Of course, Buffett's investing strategy and net worth differs significantly from mine, but I've always wondered why he decided to invest in such a company....
Kraft Heinz: A 5% Yielding Consumer Staple That Could Reward Long-Term Investors