Kraft Heinz down 4%; falls to lowest price in almost three years
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Kraft Heinz (NASDAQ:KHC) is down 4% in Thursday morning trading, with the stock price reaching its lowest level since November 2020 earlier in the session.
The culprit appears to be inflation causing a rise in food prices. The Bureau of Transportation Statistics earlier Thursday said that food prices increased 3.7% year-over-year in September.

The food and beverage giant has had a rough 2023 and is down ~24% year to date.
Despite Kraft Heinz's (KHC) struggles, the Street has an average rating of buy based on 22 analysts.


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