Shares of Kraft Heinz Co. KHC, -0.14% slipped 0.14% to $35.81 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.14% rising 0.14% to 4,793.06 and the Dow Jones Industrial Average DJIA, +0.25% rising 0.25% to 36,488.63. The stock’s fall snapped a four-day winning streak. Kraft Heinz Co. closed $9.14 below its 52-week high ($44.95), which the company reached on May 24th.
The stock underperformed when compared to some of its competitors Wednesday, as PepsiCo Inc. PEP, +0.35% rose 0.35% to $172.97, Mondelez International Inc. Cl A MDLZ, +0.55% rose 0.55% to $66.37, and General Mills Inc. GIS, +0.19% rose 0.19% to $67.02. Trading volume (2.8 M) remained 4.7 million below its 50-day average volume of 7.5 M.