“Kraft Heinz Posts Huge Loss…” by Jackie Wattles

Discuss “Kraft Heinz posts a huge loss, slashes dividend and reveals SEC investigation” by Jackie Wattles.

Comment on the news in the context of how this affects you, the consumer. How does it affect you if you were an investor? Point out some terms or concepts within the context of the article. Also, explain what the word materiality means in the context of this statement:

“Kraft said it launched an independent counsel review of its procurement practices after it received the SEC subpoena. The company said it “recorded a $25 million increase to costs of products” as a result of that investigation but that they “were immaterial to the fourth quarter of 2018.” The SEC declined to comment.”