Could Kraft Heinz Be a Millionaire Maker Stock?
Kraft Heinz (NASDAQ: KHC) was once considered a good defensive stock. The combined company, born from the merger of Kraft and Heinz in 2015, owned a diverse portfolio of well-known brands and paid steady dividends.
Unfortunately, a consumer shift toward healthier and private-label brands, exacerbated by the management team's focus on cutting costs instead of innovating and marketing new products, caused Kraft's growth to stall out.
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Source Fool.com
