5 Best Food Stocks with Highest Dividends

3. The Kraft Heinz Company (NASDAQ:KHC)

Dividend Yield as of April 24: 7.28%

On April 23, Morgan Stanley lowered its price recommendation on The Kraft Heinz Company (NASDAQ:KHC) to $22 from $23. It reiterated an Underweight rating on the shares. The firm is adjusting estimates across its packaged foods coverage to reflect recent trends. The analyst pointed to a more challenging forward commodity outlook, especially after the recent rise in oil.

On April 9, BNP Paribas lowered its price goal on KHC to $18 from $19. It maintained an Underperform rating on the shares. The firm said US packaged food valuations “look cheap relative to history,” but believes they are “cheap for a reason.” It lowered targets across the group to reflect volume growth that “looks to be muted at best” and pricing power that “could be somewhat illusory.”

The Kraft Heinz Company (NASDAQ:KHC) manufactures and markets food and beverage products globally. Its portfolio is organized across eight consumer-driven platforms: Taste Elevation, Easy Ready Meals, Substantial Snacking, Desserts, Hydration, Cheese, Coffee, Meats, and other grocery products. The company reports two segments by geography: North America and International Developed Markets.