Is Kraft Heinz Stock a Buy?
Kraft Heinz (NASDAQ:KHC) has been a perennial underpeformer since the 2015 merger that created the company. Excessive cost-cutting, a lack of investments, and overvalued brands have all weighed on the stock over the last five years. But this year at least a few things are going right for the company.
Like other packaged food staples, Kraft Heinz has gotten a nice bump from the coronavirus pandemic. Organic sales have surged 7.4% in the second quarter as consumers have spent more time at home an…
