In the closing of the recent trading day, Kraft Heinz (KHC) stood at $30.77, denoting a +0.2% change from the preceding trading day.
For Kraft Heinz (KHC 1.15%) shareholders, 2024 was likely a year to forget. Weak growth and disappointing earnings from the packaged foods giant pressured the stock, down about 16% over the past year and deeply underperforming stock market benchmarks like the S&P 500 index.
Kraft Heinz (KHC 1.15%) is a top food company in the world, but the business hasn't been doing well in recent years. It has struggled to grow, and investors have been unloading the stock, with Kraft's share price falling by 18% over the past 12 months.
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In the closing of the recent trading day, Kraft Heinz (KHC) stood at $30.68, denoting a +0.43% change from the preceding trading day.
The latest trading day saw Kraft Heinz (KHC) settling at $30.55, representing a -0.29% change from its previous close.
Kraft Heinz shares dropped 17% in 2024, underperforming the S&P500's 26% gain, but a 5.2% dividend yield makes it attractive for dividend investors. The company's sales are primarily driven by condiments and sauces (34%), with cheese and dairy (14%) and other categories supported by over 200 brands. Declining organic revenue and volumes have negatively impacted KHC's stock performance, but the company can still bring decent returns for shareholders looking for a solid investment opportunity.
Kraft Heinz struggles due to weak consumer demand and inflation, despite efforts in pricing, efficiency and innovation.
Kraft Heinz (KHC) reachead $30.10 at the closing of the latest trading day, reflecting a -0.66% change compared to its last close.
In September 2020, we suggested KHC was nearing a buy-zone but wasn't particularly attractive at $31.95. The company has improved by leaps and bounds since then, but the price has remained static. We tell you why we added it to our portfolio, despite the perceived risks from the new administration.
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