Kraft Heinz Trading At -6.18% Book And A 4.25% Dividend Yield Is An Opportunity
KHCKraft Heinz(KHC) Seeking Alpha·2024-01-15 23:49

PM Images It's been almost 5-years since Kraft Heinz Company (NASDAQ:KHC) announced they would be writing down the value of their Kraft and Oscar Mayer brands by 15billion.ThingsgotworseforshareholdersasKHCreducedthedividendby3615 billion. Things got worse for shareholders as KHC reduced the dividend by -36% and posted a 12.6 billion loss. Since the news broke about, the 15billionwritedownshareshavebeeninlimbo,tradingbetween15 billion write-down shares have been in limbo, trading between 25 - 45.Sincehittingapandemiclowofaround45. Since hitting a pandemic low of around 25, shares made a run in May of 2021 to around $45, only to lose their steam and trad ...