The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy, meals, meats and seafood, frozen and chilled foods, packaged drinking pouches, appetizers, nuts and salted snacks, refreshment beverages, coffee, infant and nutrition products, and other grocery products, as well as desserts, dressings, toppings, and baking. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Velveeta, Lunchables, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, ABC, Master, Golden Circle, Quero, Plasmon, Wattie's, Pudliszki, Classico, TGI Fridays, and Taco Bell Home Originals brand names. It sells its products through its own sales organizations, as well as through independent brokers, agents, and distributors to chain, wholesale, cooperative and independent grocery accounts, convenience stores, drug stores, value stores, bakeries, pharmacies, mass merchants, club stores, foodservice distributors and institutions, including hotels, restaurants, hospitals, health care facilities, and government agencies; and online through e-commerce platforms and retailers. The company was formerly known as H.J. Heinz Holding Corporation and changed its name to The Kraft Heinz Company in July 2015. The Kraft Heinz Company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.
IPO Year:
Exchange: NASDAQ
Website: kraftheinzcompany.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/24/2025 | $29.00 | Underweight | Morgan Stanley |
| 2/13/2025 | $36.00 → $30.00 | Buy → Underperform | BofA Securities |
| 2/13/2025 | $34.00 → $28.00 | Buy → Neutral | Citigroup |
| 2/10/2025 | $38.00 → $31.00 | Outperform → Neutral | Mizuho |
| 1/7/2025 | $38.00 → $35.00 | Outperform → In-line | Evercore ISI |
| 11/19/2024 | $40.00 → $35.00 | Overweight → Neutral | Piper Sandler |
| 10/31/2024 | $39.00 → $35.00 | Buy → Hold | Deutsche Bank |
| 10/25/2024 | $40.00 → $38.00 | Buy → Hold | Stifel |
| 8/12/2024 | $34.00 | Sell | Goldman |
| 5/22/2024 | $42.00 | Neutral → Overweight | Piper Sandler |
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Morgan Stanley initiated coverage of Kraft Heinz with a rating of Underweight and set a new price target of $29.00
Citigroup downgraded Kraft Heinz from Buy to Neutral and set a new price target of $28.00 from $34.00 previously
BofA Securities downgraded Kraft Heinz from Buy to Underperform and set a new price target of $30.00 from $36.00 previously
Mizuho downgraded Kraft Heinz from Outperform to Neutral and set a new price target of $31.00 from $38.00 previously
Evercore ISI downgraded Kraft Heinz from Outperform to In-line and set a new price target of $35.00 from $38.00 previously
Piper Sandler downgraded Kraft Heinz from Overweight to Neutral and set a new price target of $35.00 from $40.00 previously
Deutsche Bank downgraded Kraft Heinz from Buy to Hold and set a new price target of $35.00 from $39.00 previously
Stifel downgraded Kraft Heinz from Buy to Hold and set a new price target of $38.00 from $40.00 previously
Goldman initiated coverage of Kraft Heinz with a rating of Sell and set a new price target of $34.00
Piper Sandler upgraded Kraft Heinz from Neutral to Overweight and set a new price target of $42.00
The Kraft Heinz Company (NASDAQ:KHC) announced today that the Company's Board of Directors declared a regular quarterly dividend of $0.40 per share of common stock payable on March 28, 2025, to stockholders of record as of March 7, 2025. ABOUT THE KRAFT HEINZ COMPANY We are driving transformation at The Kraft Heinz Company (NASDAQ:KHC), inspired by our Purpose, Let's Make Life Delicious. Consumers are at the center of everything we do. With 2024 net sales of approximately $26 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of eight consum
The Kraft Heinz Company (NASDAQ:KHC) ("Kraft Heinz") will release its fourth quarter and full year 2024 financial results on Wednesday, Feb. 12, 2025. A press release and supplemental materials, including a pre-recorded management discussion, will be issued before the market opens. Kraft Heinz management will then host a live question-and-answer session with analysts beginning at 9:00 a.m. Eastern Standard Time. The earnings release, supplemental materials, and audio of Kraft Heinz's question-and-answer session can be accessed at ir.kraftheinzcompany.com. A replay will be available following the event through the same website. ABOUT THE KRAFT HEINZ COMPANY We are driving transformatio
The Kraft Heinz Company (NASDAQ:KHC) announced today that the Company's Board of Directors declared a regular quarterly dividend of $0.40 per share of common stock payable on Dec. 27, 2024, to stockholders of record as of Nov. 29, 2024. ABOUT THE KRAFT HEINZ COMPANY We are driving transformation at The Kraft Heinz Company (NASDAQ:KHC), inspired by our Purpose, Let's Make Life Delicious. Consumers are at the center of everything we do. With 2023 net sales of approximately $27 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of eight consumer-
The Kraft Heinz Company (NASDAQ:KHC) ("Kraft Heinz") will release its third quarter 2024 financial results on Wednesday, Oct. 30, 2024. A press release and supplemental materials, including a pre-recorded management discussion, will be issued before the market opens. Kraft Heinz management will then host a live question-and-answer session with analysts beginning at 9:00 a.m. Eastern Daylight Time. The earnings release, supplemental materials, and audio of Kraft Heinz's question-and-answer session can be accessed at ir.kraftheinzcompany.com. A replay will be available following the event through the same website. ABOUT THE KRAFT HEINZ COMPANY We are driving transformation at The Kraft Hei
The Kraft Heinz Company (NASDAQ:KHC) announced today that the Company's Board of Directors declared a regular quarterly dividend of $0.40 per share of common stock payable on Sept. 27, 2024, to stockholders of record as of Aug. 30, 2024. ABOUT THE KRAFT HEINZ COMPANY We are driving transformation at The Kraft Heinz Company (NASDAQ:KHC), inspired by our Purpose, Let's Make Life Delicious. Consumers are at the center of everything we do. With 2023 net sales of approximately $27 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of eight consum
Lowers Full Year Outlook for Organic Net Sales(1)(2) and Adjusted Operating Income(1)(2) Reaffirms Full Year Outlook for Adjusted EPS(1)(2) Second Quarter Highlights Net sales decreased 3.6%; Organic Net Sales(1) decreased 2.4% Gross profit margin increased 180 basis points to 35.4%; Adjusted Gross Profit Margin(1) increased 210 basis points to 35.5% Operating income decreased 62.1%; Adjusted Operating Income(1) increased 2.0% Diluted EPS was $0.08, down 90.1%; Adjusted EPS(1) was $0.78, down 1.3% Year-to-date net cash provided by operating activities was $1.7 billion, up 8.1%; Free Cash Flow(1) was $1.2 billion, up 8.7% Year-to-date return of capital to stockhold
The Kraft Heinz Company (NASDAQ:KHC) ("Kraft Heinz") will release its second quarter 2024 financial results on Wednesday, July 31, 2024. A press release and supplemental materials, including a pre-recorded management discussion, will be issued before the market opens. Kraft Heinz management will then host a live question-and-answer session with analysts beginning at 9:00 a.m. Eastern Daylight Time. The earnings release, supplemental materials, and audio of Kraft Heinz's question-and-answer session can be accessed at ir.kraftheinzcompany.com. A replay will be available following the event through the same website. ABOUT THE KRAFT HEINZ COMPANY We are driving transformation at The Kraft
Two decades after the world watched Randy crush Napoleon's Tater Tots, Ore-Ida is offering a one-of-a-kind solution to this ‘tot-tastrophe' In 2004, the world first met one of the 2000s' most iconic characters, Napoleon Dynamite, known for his love of Tater Tots. Fans watched as Napoleon snuck Tater Tots into class, only to have the school bully, Randy, yell the unforgettable line, "GIMME SOME OF YOUR TOTS," and kick Napoleon's pocket – crushing the crispy and fluffy snack. Now, 20 years later, the Ore-Ida brand – the inventor of Tater Tots – comes to Napoleon's rescue with a first-of-its-kind solution: pants specifically designed to protect Tater Tots. Created in partnership with the fil
The Kraft Heinz Company (NASDAQ:KHC) announced today that the Company's Board of Directors declared a regular quarterly dividend of $0.40 per share of common stock payable on June 28, 2024, to stockholders of record as of June 6, 2024. ABOUT THE KRAFT HEINZ COMPANY We are driving transformation at The Kraft Heinz Company (NASDAQ:KHC), inspired by our Purpose, Let's Make Life Delicious. Consumers are at the center of everything we do. With 2023 net sales of approximately $27 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of eight consumer
Reaffirms Full Year Outlook First Quarter Highlights Net sales decreased 1.2%; Organic Net Sales(1) decreased 0.5% Gross profit margin increased 240 basis points to 35.0%; Adjusted Gross Profit Margin(1) increased 170 basis points to 34.5% Operating Income increased 4.7%; Adjusted Operating Income(1) increased 1.7% Diluted EPS was $0.66, down 2.9%; Adjusted EPS(1) was $0.69, up 1.5% The Kraft Heinz Company (NASDAQ:KHC) ("Kraft Heinz" or the "Company") today reported financial results for the first quarter of 2024. "I'm pleased that our strategic focus on unlocking end-to-end efficiencies and reinvesting in the business to drive sales growth continues to pay off," said Kra
Brand is testing new wide-mouth jar offering as portfolio addition because if it's a potato, it has to be HEINZ From fries to hashbrowns, HEINZ Ketchup and fried potatoes have always gone hand in hand. But for some reason, potato chips and HEINZ don't always receive the same warm reaction. Today, the brand is settling the matter with a new, limited-edition offering: HEINZ Chip Dip – same unmistakable ketchup, but now with a wide-mouth jar, perfect for dipping potato chips. Rolling out in time for National Potato Chip Day on Friday, March 14, the limited run will serve as a test and learn as the brand considers adding the jar offering to its permanent portfolio. This press release features
America's No. 1 kids' drink unveils glow-in-the-dark pouches ahead of Total Lunar Eclipse – first available by scanning the moon Today, Capri Sun enters a new phase with the launch of Moon Punch – the brand's first glow-in-the-dark pouch ahead of the Total Lunar Eclipse. For the first time, Capri Sun is turning the moon itself into a scannable code through Snapchat, inviting fans to take part of the lunar phenomenon for a chance to unlock an exclusive first taste of Moon Punch. From March 13 to March 14, fans can open their cameras through Snapchat, snap the moon and follow the lunar link for a chance to receive a free carton of Moon Punch and a flashlight to help light up the night sky. T
After teasing the product last year, the iconic pickle brand is bringing the fan-demanded concept to life, providing the Ultimate Mixer and Next-Day Electrolytes to pickle fans Last October, a viral social media video mixing diet cola with pickle juice racked up more than 12 million views, sparking thousands of comments. Claussen quickly jumped into the conversation teasing a product called "Just The Brine" – promising to make it a reality if fans showed enough love. After thousands of requests and less than six months later, Claussen is now delivering on that promise. Just in time for St. Patrick's Day celebrations, Claussen is launching Just The Brine – giving pickle lovers the ultimate
NEW YORK, March 7, 2025 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 100 are more representative of the mega-cap market space. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P
As the category leader for over 40 years, Crystal Light delivers the lowest-calorie vodka refresher on the market Nearly one-in-five Crystal Light fans use the product as a mixer for their cocktails 1, proving it's no secret that the signature zero-sugar refreshment has been a trusted mixer for decades. As demand for lighter, lower-calorie cocktails continues to grow, the beloved powdered beverage brand is now doing the mixing for you with the launch of Crystal Light Vodka Refreshers. Delivering the crisp flavor the brand is known for, Crystal Light Vodka Refreshers are the lowest-calorie ready-to-drink cocktail on the market, offering a refreshing alternative to hard seltzers and traditio
The Kraft Heinz Company (NASDAQ:KHC) ("Kraft Heinz") will present at the Consumer Analyst Group of New York (CAGNY) Conference at 11:00 a.m. Eastern Standard Time on Tuesday, Feb. 18, 2025. At that time, the webcast presentation will be accessible at ir.kraftheinzcompany.com. A replay of the webcast will be available following the event through the same website. ABOUT THE KRAFT HEINZ COMPANY We are driving transformation at The Kraft Heinz Company (NASDAQ:KHC), inspired by our Purpose, Let's Make Life Delicious. Consumers are at the center of everything we do. With 2024 net sales of approximately $26 billion, we are committed to growing our iconic and emerging food and beverage brands o
The Kraft Heinz Company (NASDAQ:KHC) announced today that the Company's Board of Directors declared a regular quarterly dividend of $0.40 per share of common stock payable on March 28, 2025, to stockholders of record as of March 7, 2025. ABOUT THE KRAFT HEINZ COMPANY We are driving transformation at The Kraft Heinz Company (NASDAQ:KHC), inspired by our Purpose, Let's Make Life Delicious. Consumers are at the center of everything we do. With 2024 net sales of approximately $26 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of eight consum
The brand enters convenience stores with resealable bottles that offer fans a new way to enjoy Capri Sun on the go For the first time in more than 20 years, America's favorite kids' drink is now available in a resealable bottle. Capri Sun Bottles offer a convenient new way for fans of all ages to enjoy the same iconic taste on the go; a reflection of the brand's commitment to meeting the evolving needs of today's families. Joining Capri Sun's portfolio of products, including the iconic pouch, which sells over six million pouches a day, the bottles feature 12 ounces of juice – the equivalent of two pouches – in the brand's most popular flavors: Fruit Punch, Pacific Cooler, and Strawberry K
Partnership kicks off with the first-ever co-created HEINZ product, mixed by Mustard himself Real ones know there are only two legendary mustards – ahem, MUSTAAAAAAAAAARRRDs – out there. Last night, during the biggest night in music, HEINZ and award-winning producer, Mustard, officially dropped the Mustard x Mustard collab. The announcement teased a year of surprises, including an all-new, limited-edition HEINZ product, mixed by Mustard himself. As the new Chief Mustard Officer, Mustard's upcoming flavor marks the first time the iconic condiment brand has ever co-created a new sauce in the United States and will be the first new HEINZ Mustard offering in nearly a decade. This press rele
Marking the first single-serve offering from the brand, Vel2Go enables fans to add VELVEETA cheese to anything – anytime, anywhere VELVEETA, known for its cheesy, melty goodness is giving fans a new way to indulge by launching Vel2Go: single-serve, limited-edition packets of Velveeta cheese. While fans have long-enjoyed the ultimate cheesy pleasure that only VELVEETA can deliver, they have been unable to do so on-the-go. Vel2Go is the brand's first single-serve offering that launches VELVEETA into a new category and allows cheese lovers to enjoy the deliciousness of VELVEETA cheese on everything and anything – anytime and anywhere. This press release features multimedia. View the full re
NEW YORK, March 7, 2025 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 100 are more representative of the mega-cap market space. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P
CPG Veteran to Join Executive Leadership Team, Reporting to CEO Carlos Abrams-Rivera The Kraft Heinz Company (NASDAQ:KHC) today announced the appointment of Marcel Regis as President, West and East Emerging Markets, effective February 3, 2025. Marcel will be based in Brazil and will lead the Kraft Heinz business in Latin America, Eastern Europe, the Middle East, and Africa, which is one of the business Zones created in 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250115768456/en/Marcel Regis will join Kraft Heinz on February 3, 2025. (Photo: Business Wire) Marcel joins Kraft Heinz from Loft, a technology company servin
Recent college graduates are invited to join the 38th class of Hotdoggers and be a part of the brand's "bunderful" Wienermobile program Today, Oscar Mayer announced the opening of Hotdogger applications, inviting recent college graduates to apply for a one-year, full-time gig behind the wheel of the iconic Wienermobile. Open now through January 31, the relished position offers fans the opportunity to become official spokespeople of the brand while living out its mission of sparking smiles. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241217656987/en/Now through January 31, Oscar Mayer invites fans to apply for a one-year, fu
New Independent Director, Debby Soo, is the CEO of OpenTable, Inc., and brings significant expertise in technology transformation, public company leadership, and global business management The Kraft Heinz Company (NASDAQ:KHC) ("Kraft Heinz" or the "Company") announced today that Debby Soo, CEO of OpenTable, Inc., has been appointed to the Board of Directors ("Board"), effective October 24, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241028614040/en/Debby Soo (Photo: Business Wire) "We are thrilled to welcome Debby to our Board," said Miguel Patricio, Chair of the Board of Kraft Heinz. "Debby brings extensive experience
Angel to Join Executive Leadership Team, reporting to CEO Carlos-Abrams Rivera The Kraft Heinz Company (NASDAQ:KHC) today announced the appointment of Angel Shelton Willis as Executive Vice President, Global General Counsel and Corporate Affairs Officer, effective November 18. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241024604225/en/Angel Shelton Willis (Photo: Business Wire) Willis is currently Vice President, General Counsel & Secretary at Sealed Air Corporation, where she leads the global legal, ethics and compliance, regulatory and corporate affairs functions, and serves as its corporate secretary. "Welcoming Angel to
Carlos Abrams-Rivera, Executive Vice President and President of the North America Zone, to become Chief Executive Officer effective January 1, 2024 Current Chief Executive Officer, Miguel Patricio, to become Non-Executive Chair of the Board on January 1, 2024 The Kraft Heinz Company (NASDAQ:KHC) (the "Company" or "Kraft Heinz") today announced that the Company's Board of Directors (the "Board") has appointed Carlos Abrams-Rivera as Chief Executive Officer and a member of the Board, effective January 1, 2024. Until then, Abrams-Rivera will continue in his role as President of the North America Zone with the added responsibilities of becoming President of Kraft Heinz, effective immediatel
WESTPORT, Conn., July 17, 2023 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE:CODI) ("CODI" or the "Company"), an owner of leading middle market businesses, today announced that Geoffrey Feil has been named CEO of its subsidiary The Sterno Group Companies, LLC ("Sterno" or "The Sterno Group"), a manufacturer and marketer of portable food warming systems, creative indoor and outdoor lighting, and home fragrance solutions for the foodservice industry and consumer markets. Concurrent with Mr. Feil's appointment, Craig Carnes assumed the new role of Chief Customer Officer. Mr. Feil has over 20 years of business leadership and management experience, holding previous roles in brand management,
Branded CPG International Regions to be Operated Collectively Under New Leadership Nigel Willerton, Founder of Wholesome Sweeteners, Named as President and COO of Branded CPG North America Region Rajnish Ohri, Formerly VP and MD of Branded CPG IMEA Region, Named as President and COO of Branded CPG International Region Jeffrey Robinson will continue to serve as President and COO of Flavors & Ingredients Bernardo Fiaux, Former CFO of Kraft Heinz Meals, Condiments, and Foodservice Division in North America, Named as Chief Financial Officer Announces Amendment to Credit Agreement, Increases Leverage Covenant to Provide Near-term Flexibility Reaffirms Full Year 2023 Guidance CHICAGO, Apri
Loftus brings strong industry experience to the new role, will focus on accelerating execution of the company's strategy and driving efficiencies for growth Sun-Maid Growers of California is pleased to announce the appointment of Steve Loftus as President and Chief Operating Officer, reporting to Harry Overly, Executive Chairman of the Board. In this newly created role, all functional areas within Sun-Maid will report directly to Loftus as he will be accountable to the daily operations of the business. A 15-year industry veteran, Loftus is recognized for his ability to build and align cross functional partners around common objectives, delivering short and long term financial and strategic
The Kraft Heinz Company (NASDAQ:KHC) ("Kraft Heinz") announced today the appointment of Janelle Orozco to the role of Chief Procurement Officer, North America. In this role, Orozco will shape the overall vision of North America Procurement and direct its continued transformation to become a best-in-class Procurement organization. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221117006133/en/The Kraft Heinz Company announced today the appointment of Janelle Orozco to the role of Chief Procurement Officer, North America. In this role, Orozco will shape the overall vision of North America Procurement and direct its continued transf