Kraft Heinz also offers a dividend yield of 4.5% which is near the high end of its peer group. Comparably, Conagra, General Mills, Kellanova, and Mondelez offer dividend yields of 4.7%, 3.3%, 2.8%, and 2.6%. In addition to trading at an attractive valuation multiple vs peers, Kraft Heinz is also trading at an attractive valuation relative to its own historical norm. The stock has traded at a median price to earnings ratio of 24x over the past decade and has traded at a median dividend yield of 4.28% over the past decade.