Kraft Heinz Trading At -6.18% Book And A 4.25% Dividend Yield Is An Opportunity
Kraft 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 $15 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 $15 billion write-down shares have been in limbo, trading between $25 - $45. 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 ...