Kraft Heinz: A 5% Yielding Consumer Staple That Could Reward Long-Term Investors

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.