The Kraft Heinz stock is underperforming the S&P 500 by 20 percentage points six months into 2024, prompting the question of whether it is a good time to invest in it.
The first half of 2024 was not kind to Kraft Heinz (NASDAQ: KHC) and its shareholders. The stock fell just shy of 13% compared to a 14.5% gain for the S&P 500 index and an over 6% advance for the…