Some praise by Warren Buffett’s potential successor as CEO of Berkshire Hathaway has investors eating up shares of Kraft Heinz (KHC).
Shares of the mac and cheese maker have surged to a 52-week high, according to Yahoo Finance Plus data. The stock is up a tasty 6% so far in May, outperforming the 2% drop for the S&P 500.
The gain is even more impressive considering packaged food stocks have traded sideways of late, pressured by the one-two punch of inflation fears and concerns about demand…
Source link
