Why Are These 10 Dividend Stocks Declining?

3. The Kraft Heinz Company (NASDAQ:KHC)

Annual dividend yield: 5.55%

Ex-Dividend Date: March 7, 2024

Number of Hedge Fund Holders: 38

Quarterly dividend amount:  $0.40

The stock price of The Kraft Heinz Company (NASDAQ:KHC) declined by over 4% in the last five trading days due to the expected fiscal year results announcement in the coming days. The company is expected to report its 2024 full-year results on Wednesday, February 12, 2025, and the analysts expect the company to announce adjusted earnings per share of $0.78. It is a $0.04 increase from the previous quarter. Additionally, The Kraft Heinz Company (NASDAQ:KHC) is in the midst of controversy as the firm faces legal issues regarding marketing “ultra-processed” foods to children.

A darling among dividend and value investors, the company consecutively paid dividends for over 11 years. Moreover, The Kraft Heinz Company (NASDAQ:KHC) maintains solid ground as it managed to beat the EPS estimates consecutively for over 4 quarters. However, the overall analyst ratings had turned to less bullish from strongly bullish over the past 3 months.