One can’t-miss winner with kids is Kraft Foods (NASDAQ:KRFT) and its Macaroni & Cheese, which has been delighting children — and, let’s face it, a lot of adults — since its debut in 1937.
Restaurants across the country have increasingly tried to put their own signature spins on mac and cheese, but when it comes to no-fuss home consumption, few dare to shun the “Blue Box.”
Kraft also looks good down the road. This, from Erin Lash, CFA, via Morningstar:
“Consumers continue to eat meals at home, and Kraft’s product set is well-positioned to benefit from this trend as its portfolio of beverages, convenient meals, and snacks are already found in 98% of U.S. households.”
Want some even better news? Kraft’s $244 million in cash and equivalents is expected to fund a $2-per-share annual dividend that today would yield roughly 4.5%.