Shares of Kraft Heinz Company (KHC) have fallen to multi-year lows, now trading near the covid 2020 pivot low of $20 per share. While most investors are shying away from Kraft Heinz, smart money is beginning to accumulate. Why?
The pivot low from March 2020 (covid) represents a double bottom. In technical analysis, this usually signals a bounce. In addition, KHC is tagging a descending trendline that starts in June 2025 and connects through the low of January 2026. Every time this trendline has been tagged, a bounce has followed.
Lastly and to many investors most importantly, Kraft Heinz pays a 7.54% dividend yield. This is epic. Not only are investors that are buying between $20-$21 getting the stock at a multi-year low into technical support, but they will get paid an additional 7.54% to hold.
While KHC is not an exciting AI play, I would argue it is the best, considering the low P/E, high dividend yield and chart, in an otherwise bearish market for technology.
Source: https://www.fxstreet.com/news/kraft-heinz-khc-at-technical-support-with-bonus-payout-202603241319