How To Earn $500 A Month From Kraft Heinz Stock Ahead Of Q4 Earnings Results
Portfolio Pulse from Avi Kapoor
Kraft Heinz (NASDAQ:KHC) is set to release its Q4 earnings on Feb. 14, 2024, with expected earnings of 77 cents per share and revenue of $6.9 billion, down from the previous year. Citigroup initiated coverage with a Buy rating and a $43 price target. The company has a $3 billion share repurchase program and offers a 4.40% dividend yield. To earn $500 monthly from dividends, an investment of approximately $136,350 is needed.
February 13, 2024 | 1:55 pm
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Kraft Heinz is expected to report a decrease in earnings and revenue for Q4. Citigroup initiated coverage with a Buy rating and a $43 price target. The company has a $3 billion share repurchase program and offers a 4.40% dividend yield.
The expected decrease in earnings and revenue could initially concern investors, but the Buy rating from Citigroup, the significant share repurchase program, and the attractive dividend yield are likely to have a positive short-term impact on KHC's stock price. The detailed analysis of how to earn from dividends further highlights the stock's appeal to income-focused investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100