[ad_1]
What happened
<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Actions of Kraft Heinz (NASDAQ: KHC) traded down more than 5% Tuesday afternoon, hitting a new record low. It was a bad day on Wall Street for many consumer goods, but Kraft Heinz continues to stand out for all the wrong reasons. "Data-reactid =" 12 "> Kraft Heinz (NASDAQ: KHC) traded down more than 5% Tuesday afternoon, hitting a new record low. It was a bad day on Wall Street for many consumer goods, but Kraft Heinz continues to stand out for all the wrong reasons.
So what
<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Kraft Heinz has not released any news specific to Tuesday, but seemed to be caught in a downward trend that also saw shares of Mondelez International, J. M. Smucker, Kellogg, and Campbell Soup data-reactid = "14"> Kraft Heinz has not published company-specific news on Tuesday, but appears to have been caught in a downward trend that has also seen Mondelez International, J. M. Smucker, Kellogg, and Campbell Soup all lower trade.
Oscar Mayer wienermobile
Oscar Mayer is one of the many brands of Kraft Heinz that need to be sorted out. Source of the image: Kraft Heinz.
<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Request packaged food brands sold by all Kraft Heinz has also been trapped in the global economic crisis. snafus accountant and other problems that led to a management review. "data-reactid =" 27 "> The demand for packaged food brands sold by all these companies has declined in recent years and Kraft Heinz has also been caught in the trap of accounting and other problems that have leads to a revision management.
<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The new CEO, Miguel Patricio, has his job cut to him while he's trying to create growth and prune the wallet, while managing $ 30 billion in debt resulting from Heinz's takeover of 3G Capital and Berkshire Hathaway."Data-reactid =" 28 "> The new CEO, Miguel Patricio, has his work cut out as he tries to generate growth and reduce the portfolio, while managing a debt of 30 billion dollars resulting from the takeover of Heinz in 2013 3G Capital and Berkshire Hathaway.
Now what
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Kraft Heinz is a good reminder of the fact that As said my fool Leo Sun, the former employer of Patricio Anheuser-Busch InBev cut his dividend to reduce debt, a strategy the CEO could consider in his new job since Kraft Heinz spent more than 100% of its free cash flow on dividends. "data-reactid =" 30 "> Kraft Heinz reminds us that the mere fact that an action falls does not mean that it is a bargain, as noted by my compatriot Leo Sun, the former employer from Patricio Anheuser-Busch InBev to reduce its dividend to repay its debt, a strategy that the CEO could consider in his new job since Kraft Heinz has dedicated more than 100% of its free cash flow to dividends.
It's hard to say how long he will stay at Kraft Heinz. But given the challenges the company faces, it seems unlikely that the stock will outperform in the near future.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " More from The Motley Fool "data-reactid =" 32 "> More from The Motley Fool
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Lou Whiteman owns shares, and The Motley Fool owns shares and recommends Berkshire Hathaway (B shares). Motley Fool recommends Anheuser-Busch InBev NV. The Motley Fool has a disclosure policy."data-reactid =" 40 ">Lou Whiteman owns shares and Motley Fool owns shares and recommends Berkshire Hathaway (B shares). Motley Fool recommends Anheuser-Busch InBev NV. Motley Fool has a disclosure policy.
[ad_2]
Source link