Pittsburgh, Pennsylvania-based The Kraft Heinz Company (KHC) manufactures and markets food and beverage products around the globe. With a market cap of $33.8 billion, the company has a portfolio of eight consumer-driven product platforms: Taste Elevation, Easy Ready Meals, Hydration, Meats, Cheeses, Substantial Snacking, Desserts, Coffee, and other grocery products.
Shares of the food and beverage company have significantly underperformed the broader market over the past 52 weeks. KHC has dropped 21.4% over this time frame, while the broader S&P 500 Index ($SPX) has gained 10.2%. Moreover, shares of KHC are down 6.9% on a YTD basis, compared to SPX’s 3.9% decline.
