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Food Producer Stocks No Longer ‘Defensive’

Recent price volatility is an indication the sector is undergoing profound change

Much ado was made about Kraft Heinz Co.’s (NASDAQ:KHC) recent dismal results that included a dividend cut as well as a massive and unprecedented write down of its once inviolable Oscar Mayer and Kraft trademark brands to the tune of $15.4 billion dollars. The steep downward trajectory of the lines in the chart below paints a bleak picture. However, Kraft Heinz isn’t the only company in distress; the entire packaged food products sector has

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