Kraft Heinz (NASDAQ:KHC) currently offers what not every $40 billion-plus-market-cap business can: a relatively low valuation, a positive earnings profile, and (like it or not) a willingness to protect its margins by practically any means necessary. Compared to the miscellaneous food industry's trailing 12-month P/E ratio around 21 -- which itself isn't horrendous -- Kraft Heinz, at roughly 11.8, should make the shareholders feel like they're shoplifting. For a few months in 2016, Kraft Heinz rode high and mighty, trading at 34 times the company's earnings.
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