Based in Pittsburgh, Pennsylvania, The Kraft Heinz Company (KHC) manufactures and markets food and beverage products in North America and internationally, with eight $1 billion+ brands. Valued at $43.71 billion by market cap, it is one of the world's largest food and beverage companies. Its products include condiments and sauces, cheese and dairy products, refreshment beverages, coffee, and other groceries.
Shares of this food and beverage giant have underperformed the broader market considerably over the past year. KHC has declined 7.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27%. In 2024, KHC stock is down 2.5%, while the SPX is up 11.6% on a YTD basis.
