Food Company Pledges to Achieve Net Zero Greenhouse Gas Emissions

Kraft Heinz commits to reducing their carbon emission

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The Kraft Heinz Company (NASDAQ:KHC) is an American multinational food company. KHC is the third-largest food and beverage company in North America and the fifth largest in the world. The food company's brands include the following: Kraft, Heinz, Grey Poupon, Oscar Mayer, and many more. This afternoon, KHC was last seen up 2.8% at $35.88. 

On Dec. 15, The Kraft Heinz Company announced a corporate pledge to achieve net zero greenhouse gas (GHG) emissions across its operational footprint and entire global supply chain by 2050. The key focus areas of Kraft Heinz’s net zero program include promoting regenerative and sustainable practices across the company’s agricultural supply chain, transitioning to more circular and recyclable consumer packaging, procuring most of the company’s electricity from renewable sources by 2025, and continuing to transition key on-site manufacturing facilities to renewable energy sources.

Kraft Heinz stock has added 4% year-over-year and has tacked on 13.5% since bottoming at a 52-week low of $31.60 in January. As recently as the start of December, investors could see Kraft Heinz stock flirt with clocking a new annual low. Additionally, shares of KHC have grown 3% year-to-date and shed 20% from the stock's two-year high of $44.95, hit in May.

Furthermore, The Kraft Heinz Company offers a forward dividend of $1.60, which translates into a strong dividend yield of 4.59%. Kraft Heinz stock also has a solid valuation, making KHC an ideal option for dividend investors looking for a safe and substantial return on their investment.

There also looks to be plenty of room for upgrades, per the seven of 10 covering brokerages that sport at tepid "hold" recommendation. Plus, options are looking attractive, with the stock's Schaeffer's Volatility Index (SVI) of 23% ranking in the low 24th annual percentile. 

Kraft Heinz stock currently trades at price-earnings ratio of 19.31. However, what make KHC’s valuation so attractive is its price-sales ratio of 1.61 and its forward price-sales ratio of 13.09. Overall, Kraft Heinz stock is amongst the best dividend plays available on the market for long-term investors.

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