Should You Buy Kraft Heinz Stock Before Aug. 5?
Kraft reports its second-quarter earnings next week.
Overview
Kraft Heinz (NASDAQ: KHC) is a top food company whose business has been struggling in recent years. Its returns have been atrocious as its valuation has plummeted 35% in five years. But amid the decline, its yield has shot up to around 6.3%, potentially still making it an attractive option for dividend investors.
It's also been more stable of late, rising by 6% since the beginning of the year. And the business has abandoned controversial plans to break up under its new CEO. With earnings on deck next week, on Aug. 5, is now a good time to buy this troubled food stock, while its valuation remains low?
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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.