|Bid||27.13 x 800|
|Ask||27.32 x 4000|
|Day's Range||26.97 - 27.32|
|52 Week Range||24.86 - 58.08|
|Beta (3Y Monthly)||1.23|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct. 31, 2019|
|Forward Dividend & Yield||1.60 (5.99%)|
|1y Target Est||28.65|
One community project will be voted the grand prize winner by Canadians at KraftHeinzProjectPlay.com TORONTO , Oct. 12, 2019 /CNW/ - Today, Kraft Heinz, TSN, and RDS announced the Top 4 finalists for the ...
Kraft Heinz (KHC) stock has turned out to be a lousy investment for its shareholders. The stock has fallen 37.4% on a YTD (year-to-date) basis as of today.
The Kraft Heinz Company (KHC) (“Kraft Heinz”) will release its third quarter financial results on Thursday, Oct. 31, 2019, before the market opens. Kraft Heinz will host a conference call at 8:30 a.m. Eastern Daylight Time that day to review and discuss the results, followed by a question-and-answer session with analysts. The earnings release and live audio webcast of Kraft Heinz’s earnings conference call can be accessed at ir.kraftheinzcompany.com.
This World Food Day, October 16, Kraft Heinz will hold a 24-hour global meal-packing relay race in partnership with Rise Against Hunger, an international hunger relief non-profit organization. Starting in Sydney and ending in Chicago, 15 Kraft Heinz offices and factories around the world will join together to pack over one million meals destined for children and families in need. Kraft Heinz CEO Miguel Patricio said, “As one of the largest food and beverage companies in the world, Kraft Heinz is committed to doing our part to end global hunger.
Smucker (SJM) gains from buyouts and partnerships. It is on track with cost-saving efforts. However, divestiture of its baking business is taking a toll on the top line.
Kraft Heinz stock rose 9% in September despite its second-largest investor reducing its stake. The stock will likely underperform in the short term.
P3 Portable Protein Pack® is giving athletes and fans alike a more interesting way to fuel their workouts by launching a new UFC Performance Institute co-branded snack as part of its existing line of products in partnership with UFC®, the world’s premier mixed martial arts organization. The newest P3 is the first of its kind to be co-developed with nutritionists from the UFC Performance Institute® and uses a 2-to-1 ratio of carbohydrates to protein for a better way to fuel workouts. Each pack contains 11 grams of protein and 25 grams of carbohydrates.
Wall Street has long favored Kraft Heinz (KHC) stock despite its dismal sales performance. Kraft Heinz has turned out to be a sour investment.
The Kraft Heinz Company announced today the pricing terms of the previously announced offer by its 100% owned operating subsidiary Kraft Heinz Foods Company to purchase for cash for any validly tendered notes up to a combined aggregate purchase price of $2.5 billion of its outstanding 3.500% senior notes due June 2022 , 3.500% senior notes due July 2022 , 4.000% senior notes due 2023 and 4.875% second ...
Kraft Heinz stock has fallen sharply this year. Previously, Warren Buffett admitted that Berkshire Hathaway paid too much for the stock.
The Tender Offer is being made on the terms and subject to the conditions set forth in the offer to purchase dated September 11, 2019, as amended by a supplement dated September 11, 2019 (together, the “Offer to Purchase”). Consummation of the Tender Offer and payment for the tendered Notes is subject to the satisfaction or waiver of certain conditions described in the Offer to Purchase, including the completion by the Issuer of a private offering (the “Offering”) of $1.0 billion aggregate principal amount of its 3.750% senior notes due 2030, $500 million aggregate principal amount of its 4.625% senior notes due 2039 and $1.5 billion aggregate principal amount of its 4.875% senior notes due 2049 that commenced and priced on September 11, 2019, on terms and subject to conditions reasonably satisfactory to Kraft Heinz, as well as other customary conditions.
Kraft Heinz stock has fallen 34.6% in 2019. The steep decline drove the dividend yield higher. As a result, the company's high dividend yield isn't attractive.
Partnership with Iconic BAILEYS® Brand Brings Indulgent Flavors in Cold Brew, Roasted and K-Cup Coffees
(Bloomberg) -- At consumer-goods companies across the developed world -- from Anheuser-Busch InBev NV to Kraft Heinz Co. -- established brands such as Budweiser beer and Oscar Mayer hot dogs are being pummeled by cooler upstarts. The same is happening in the spirits industry.Brands like Pernod Ricard SA’s Chivas Regal Scotch whisky and Diageo Plc’s Smirnoff vodka find it increasingly hard to compete for shelf space behind the bar or in trendy liquor stores. Drinkers now tend to favor small-batch alcohol, often promoted as locally made or less industrialized than mass-market products.Pernod Ricard’s strategy? If you can’t beat them, buy them -- especially U.S. whiskey brands.Chief Executive Officer Alexandre Ricard, grandson of the company’s founder, has made it one of the most acquisitive businesses in the industry since taking the helm four years ago. He announced his latest deal last month -- a $233 million tender offer for Castle Brands, owner of Jefferson’s bourbon -- and shows no signs of stopping there.“The acquisition strategy is leveraging booming categories and reinforcing must-win, key strategic markets like the U.S. -- and all the American whiskeys check both boxes,” said Ricard, 47, who worked on mergers and acquisitions during a previous career in banking at Morgan Stanley.Ricard’s focus on niche, high-end brands moves the company away from the decades-long, debt-fueled consolidation of Big Alcohol spearheaded by his predecessors -- the very strategy that led to the combination of Pernod and Ricard in 1970. The company has been a more regular buyer than others in the industry, including nearest rival Diageo, whose landmark deal of recent years was a $1 billion takeover of George Clooney’s Casamigos tequila in 2017.Bouncing BackBuying upstarts helped Paris-based Pernod Ricard bounce back from an unsuccessful bid two years ago for Utah-based High West Distillery. The French company saw High West as a way back into American whiskey after selling Wild Turkey to Davide Campari-Milano SpA in 2009. The companies failed to agree on a price, and High West was eventually sold to Constellation Brands Inc.Pernod Ricard then compensated with a series of bolt-on purchases -- Kentucky’s Rabbit Hole bourbon, TX whiskey in Texas and West Virginia’s Smooth Ambler. Ricard also can’t get enough small-batch gin: He’s acquired Monkey 47 in Germany, Amazzoni in Brazil, Ungava in Canada and Malfy in Italy. In Mexico, he bought Avion tequila and Del Maguey mezcal.To shine a spotlight on their performance, Pernod Ricard lumped the acquired businesses into a new division. Its revenue grew 12% last year, exceeding the 7% gain at Pernod Ricard’s mainstream arm that includes Jameson Irish whiskey, albeit from a much smaller base. Last year, the new unit accounted for 280 million euros ($310 million) in sales, or 0.5% of the company’s total.Pernod Ricard began the smaller-is-better takeover spree before Paul Singer’s Elliott Management Corp. bought a stake in the company late last year. Yet it goes some way toward addressing the hedge fund’s complaints about stagnating growth at brands such as Absolut in the U.S.Absolut StagnatesAbsolut has lagged since its 1980s heyday, when the vodka collaborated with artist Andy Warhol on campaigns. It sold $864 million worth of vodka in the U.S. last year, down from $1.1 billion in 2014, according to industry data tracker IWSR. Niche brands have a lot more runway. Monkey 47’s gin sales jumped 10-fold in the same period, to just under $10 million in 2018.Still, the newcomers haven’t yet shown they can convert their cachet into numbers that will move the needle at a company like Pernod Ricard, which has about 9 billion euros in annual sales. Some competitors prefer to buy brands that will drive big and immediate gains in revenue, an example being Campari’s $760 million deal to acquire Grand Marnier.Laurence Whyatt, an analyst at Barclays, asked Ricard on an August conference call whether the niche products were distracting management from bigger revenue streams, such as Havana Club rum or Martell cognac. The CEO told him not to worry, saying there was a “full focus” on the brands that drive most of the income.Pernod Ricard can afford to bet on small liquor brands. Last month, the company reported its strongest annual earnings growth in seven years, while its debt-to-profit ratio is the lowest in recent memory. It’s also sold off laggards including Domecq brandies and Paddy Irish whiskey to make way for promising newcomers. There may be more to come, with the wine assets said to be earmarked for sale.Small-scale acquisitions make sense strategically because Ricard is adding products to key growth categories, such as gin and North American whiskey, said Ed Mundy, an analyst at Jefferies.“There’s probably less impetus and opportunity for large-scale M&A than in the past,” Mundy said.To contact the reporter on this story: Thomas Buckley in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Eric Pfanner at email@example.com, Anne PollakFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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In a filing with the U.S. Securities and Exchange Commission on Monday, 3G Global Food Holdings disclosed that it sold 25.1 million shares at $28.44 per share, lower than Kraft Heinz's Monday's close of $29.62. The $712.95 million stock sale brings 3G Capital's stake down to 20.1% from 22.14%, and it continues to be the second largest shareholder behind Warren Buffett's Berkshire Hathaway Inc . "The sale was driven by periodic liquidity windows by 3G investors in the 3G fund that holds Kraft Heinz stock," said Kraft's spokesman, adding that the Brazilian private equity firm has no current plan or intention to sell any additional shares.