Morningstar identifies Kraft Heinz, Clorox, and Hershey as undervalued consumer staples
HSY Hershey Company
$162.74 +0.12%
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- 1Morningstar said mainstream and packaged goods appear to be undervalued.
- 2Clorox is trading at a 45% discount to Morningstar's fair value estimate of $154.
- 3Kraft Heinz is trading at a 40% discount to Morningstar's fair value estimate of $41.
So what's the key point?
Morningstar said companies that make products like Kraft Heinz and Clorox are trading at prices lower than their actual value. Based on a metric that measures how expensive a stock is relative to its earnings, these companies are currently inexpensive.
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