High-yield dividend stocks are returning to the spotlight as interest rates descend from record highs following the Federal Reserve's recent 50-basis-point rate cut. With analysts increasingly bullish on certain large-cap names, there's a compelling case for investors to consider adding these income-generating stocks to their portfolios.
Below, let's take a closer look at three large-cap stocks that boast attractive dividend yields, positive analyst sentiment, and potential upside.
Kraft Heinz
Kraft Heinz Co. (NASDAQ: KHC), a global food and beverage giant, is known for its iconic brands like Heinz, Kraft, Oscar Mayer, and Planters. Along with its well-established history of producing household staples, Kraft Heinz has long been a favorite among income investors due to its substantial dividend yield. Currently, the stock offers a 4.55% yield, paired with a relatively low price-to-earnings (P/E) ratio of 15.3, making it appealing to both income and value investors.
While the stock is down 4.8% year-to-date (YTD), it's currently in a bullish consolidation pattern, with its moving averages converging. This technical setup suggests that bullish momentum could accelerate if Kraft Heinz breaks above its downtrend resistance at around $36.
Analysts are cautiously optimistic, with ...