Kraft Heinz Faces a $7.4 Billion Impairment Charge. Is the 6.2% Yielding Stock a Value Trap or a No-Brainer Buy in August?
Kraft Heinz hasn't performed well since the 2015 merger.
Overview
It's a big understatement to say that the Kraft Foods and H.J. Heinz merger has been disappointing. Since the combined company, Kraft Heinz (NASDAQ: KHC), began trading in July 2015, the shares have lost 43.4% through Aug. 14.
Including dividends, the stock returned just 2.3%. Those who invested passively in an S&P 500 index fund did much better, with the index returning 584.1% during this time.
Details
The board of directors hired Steve Cahillane as CEO, and he started on Jan. 1. Can he turn around the company and reignite sales growth?
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.