Kraft Heinz is the third-largest food and beverage manufacturer in North America, deriving 76% of revenues from that market and 24% internationally. Additional brands include Oscar Meyer, Maxwell House, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta.
Shareholders receive a 4.32% dividend. Kraft Heinz stock has a $43 price target at Goldman Sachs. The consensus target is at $41.78, and shares closed on Wednesday at $36.91.
Pioneer Natural Resources
Many Wall Street analysts love this stock as a pure crude oil play and, the company also employs a variable dividend strategy. Pioneer Natural Resources Co. (NYSE: PXD) operates as an independent oil and gas exploration and production company in the United States.
The company explores for, develops and produces oil, natural gas liquids (NGLs) and natural gas. It has operations in the Midland Basin in West Texas. As of December 31, 2021, the company had proved undeveloped reserves and proved developed non-producing reserves of 130 million barrels of oil, 92 million barrels of NGLs and 462 billion cubic feet of gas, and it owned interests in 11 gas processing plants.
Pioneer production services are supported by 100 well-servicing rigs, more than 100 cased-hole, open-hole and offshore wireline units, and a range of advanced coiled tubing units.
Pioneer is a huge player in the Permian basin and the Eagle Ford in Texas, and the company owns more than 20,000 locations in the world’s second-largest oil reservoir in the Midland Basin. With a stellar balance sheet, the company is poised to remain a top player in the Permian, as it expects to deliver solid production growth going forward.
Investors receive a 7.70% dividend, which may vary from quarter to quarter. Piper Sandler’s $339 target price compares with a $282.22 consensus target. The final trade for Pioneer Natural Resources stock on Wednesday was at $265.49.
These seven large-cap blue chips offer a degree of safety and some very big dividends, that can really help with the total return potential. The important aspect for nervous investors is that all these companies have been around for decades and are not going anywhere. With third-quarter earnings still in full swing, not all these companies have reported, so it may make sense to buy partial positions now and pick up the balance down the road.
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