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Kraft Heinz Debt Is Now Junk

TheMotleyFool

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The Kraft Heinz Company's (NASDAQ: KHC) stock got rocked for a 7.5% loss after it reported disappointing Q4 earnings. Kraft instituted price hikes in the quarter, yet despite charging more money, the company brought in less receipts, as organic sales declined more than 2%.

Now, the stock is down a further 4% in afternoon trading Friday, the result of a debt rating cut to "junk" status.

Image source: Getty Images.

Source Fool.com

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