Yes, I get it: Kraft-Heinz (NYSE:KHC) stock has printed a series of lower highs for several years, and analysts hate this company right now. Guggenheim analyst Laurent Grandet is typical: He recently downgraded KHC from neutral to sell and slashed cut his price objective from $29 to $25. Bank of America analyst Bryan Spillane similarly lambasted Kraft-Heinz, calling the management's decision to withdraw full-year guidance "harsh," while Nancy Tengler, chief investment strategist at Tengler Asset Management, declared that investors rushing to buy KHC stock now are both "early" and "wrong" in doing so.

The mainstream financial press, always prepared to pile on a stock when it's ailing, naturally has put Kraft-Heinz in its crosshairs; Warren Buffett's pick has become the media's whipping boy:

Courtesy: CNBC

Buffett's company Berkshire Hathaway has taken a $5 billion haircut due to its KHC holdings, which consist of 325 million shares of Kraft-Heinz stock, representing 26.7% of the company. Buffett himself has been forced to eat crow, conceding that he “made a mistake in the Kraft purchase in terms of paying too much."

The price pressure is chiefly the result of an uncommon and unlikely convergence of multiple unfavorable events:

• a $15.4 billion "impairment charge" (write-down) related to the valuation of a number of businesses, including the Kraft and Oscar Meyer brands
• a delay in filing the company's quarterly Form 10-Q report for the second quarter ended June 29
• a dividend cut of 36%
• deep underperformance compared to analysts' EPS and revenue projections.

A convergence of this many adverse events seldom befalls a blue-chip stock, and it's unlikely to happen again to Kraft-Heinz or any other company of its size this year. For Credit Suisse to put a $26 price target on KHC is, in my admittedly unpopular view, irrational and overreactive. If you believe that markets are efficient, then you should understand that all of the bullet points above have been priced into the shares already.

This isn't some fly-by-night company; it's Kraft-Heinz, for goodness' sake. Jell-O, Kool-Aid, Velveeta, and Oscar Mayer hot dogs. As long as Americans continue to eat unhealthy food, KHC will continue to pay a healthy dividend. Currently it's 5%, which is more than I can say for the majority of large-cap stocks.

Look, no company trades at a deep discount when people feel great about its prospects. If you dare to call yourself a value investor, then pass the ketchup and take a serious look at Kraft-Heinz right now.