No matter how bad the economic downturn and the recession is, people still need to eat. Which makes food stocks pretty much recession-proof. Now to boost sales, food companies are looking at innovative ways of increasing sales. For example, H. J. Heinz Company (HNZ), known for its famous Heinz Ketchup, has now turned to Facebook to market its special edition ketchup which utilizes balsamic vinegar instead of white vinegar.
Heinz is one of the high yielders that appears on the free list of food stocks at WallStreetNewsNetwork.com, as it pays a generous 3.6%. The stock trades at 15 times forward earnings. Revenues for the latest quarter ending July 27 were up 14.9%, however, earnings dropped 6%.
Kraft Foods Inc. (KFT), the third largest food and beverage company by revenues, is another high yielding food company, which offers its shareholders a decent yield, paying 3.3%. Company brands include Cadbury, Kraft, Maxwell House, Nabisco, Oscar Mayer, Philadelphia, Trident, Tang. The stock has a forward price to earnings ratio of 14. Earnings for the last quarter were up 4.2% on a 13.3% rise in revenues. The company reports latest quater earnings on November 2.
To see the entire free list of food stocks, which can be downloaded and sorted, go to WallStreetNewsNetwork.com.
Disclosure: Author didn't own any of the above at the time the article was written.