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Is Kraft Heinz Stock a Buy?

TheMotleyFool

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Earlier this year the future looked bleak for Kraft Heinz (NASDAQ: KHC). The packaged foods giant was struggling with decelerating sales growth, contracting margins, big writedowns on its top brands, a dividend cut, and an SEC probe regarding its accounting methods.

Kraft's high debt levels and constrained cash flows also didn't leave much room for the company's new CEO, Miguel Patricio, to launch aggressive turnaround efforts. The outlook was so dim that 3G Capital, the company's second-largest shareholder, dumped 25 million shares last September to reduce its stake to about 20%.

Image source: Getty Images.

Source Fool.com

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