Is The Kraft Heinz Company (KHC) One of the 15 Blue Chip Stocks with Highest Dividends?

The Kraft Heinz Company (NASDAQ:KHC) is included among the 15 Blue Chip Stocks with Highest Dividends.

On April 7, UBS analyst Peter Grom lowered the firm’s price target on The Kraft Heinz Company (NASDAQ:KHC) to $23 from $25 and kept a Neutral rating on the shares. The firm expects that Q1 results across much of the consumer staples group would be “okay,” with organic revenue growth starting to stabilize and show some improvement. The bigger focus, though, is on forward guidance. Inflation is still expected to weigh more on earnings in the second half and possibly beyond, the analyst said in a preview note.

On March 30, Deutsche Bank also lowered its price target on Kraft Heinz to $20 from $23 and maintained a Hold rating. The firm pointed to “legitimate and widespread pressures building” across the consumer packaged goods industry, tied to the conflict in the Middle East. It noted that stocks in the group underperformed in March, reflecting concerns around rising costs, potential demand trade-down, and unfavorable currency movements.

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

READ NEXT: 15 Best Low Volatility Blue Chip Stocks to Buy Now and 13 Bank Stocks with Highest Dividends

Disclosure: None. Follow Insider Monkey on Google News.