Kraft Heinz Costs Less Than $22 a Share. Here's Why I'd Still Not Buy One.

Kraft Heinz stock has declined 40% over five years and trades below $22 per share. While the company offers an attractive 7.2% dividend yield, the author recommends passing on the investment due to declining organic sales (-1.3% in Q2), failure to keep pace with changing consumer preferences, high debt levels ($19B vs $2.6B cash), and better growth opportunities elsewhere. The company previously cut its dividend by 36% in 2019.