KHC - Two Recession-Proof Dividend Stocks: Which Is the Better Buy?
With inflation soaring and consumers spending less, the pandemic-inspired preference for cooking at home has persisted. That's good for packaged food companies. The $1.03 trillion U.S. packaged food market is projected to grow at an annual rate of nearly 5% through 2030.
But it's not all smooth sailing. To cushion margins from increased labor and transportation costs, packaged food suppliers have been steadily raising prices. The risk is that consumers can quickly change behavior based on price hikes. Let's take a look at two packaged food titans and where each is headed.
The Kraft Heinz Company (NASDAQ: KHC) operates the third-largest food and beverage company in North America and the fifth-largest in the world. With 2021 net sales of approximately $26 billion, Kraft comprises more than 200 brands loved by grocery shoppers around the world, including Oscar Mayer, Ore-Ida, Kool-Aid, Velveeta, and Philadelphia Cream Cheese.
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Two Recession-Proof Dividend Stocks: Which Is the Better Buy?