5 NASDAQ Stocks with Highest Dividends

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1. The Kraft Heinz Company (NASDAQ:KHC)

Dividend Yield as of April 12: 6.94%

On April 9, BNP Paribas lowered the firm’s price recommendation on The Kraft Heinz Company (NASDAQ: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 added they are “cheap for a reason.” It lowered targets across several companies in the group, pointing to volume growth that “looks to be muted at best” and pricing power that “could be somewhat illusory.”

On April 7, UBS analyst Peter Grom lowered the firm’s price target on KHC to $23 from $25 and kept a Neutral rating. The firm expects Q1 results across much of the consumer staples group to be “okay,” with some improvement and stabilization in organic revenue growth. It noted that the bigger focus will be on forward-looking commentary, as inflation could pose a greater risk to earnings in the second half of the year and possibly beyond.

The Kraft Heinz Company (NASDAQ:KHC) produces and markets food and beverage products worldwide. Its portfolio is organized across several consumer-focused platforms, including Taste Elevation, Easy Ready Meals, Substantial Snacking, Desserts, Hydration, Cheese, Coffee, Meats, and other grocery categories.

While we acknowledge the potential of KHC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than KHC and that has 100x upside potential, check out our report about the cheapest AI stock.

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