6 Months Into 2024 and Kraft Heinz Stock Is Trailing the S&P 500 by 20 Percentage Points: Time to Buy?
KHCKraft Heinz(KHC) The Motley Fool·2024-07-08 06:00

Kraft Heinz fell nearly 13% in the first half, pushing the yield up around 5%. Is it a buy or do its problems run too deep? The first half of 2024 was not kind to Kraft Heinz (KHC) and its shareholders. The stock fell just shy of 13% compared to a 14.5% gain for the S&P 500 index and an over 6% advance for the average consumer staples stock, using the Consumer Staples Select Sector SPDR ETF as a proxy. What's going on, and is this laggard performance actually an opportunity to add a high-yield stock like Kr ...