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 |
---|---|---|---|
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 |
2/1/2024 | $43.00 | Buy | Citigroup |
12/11/2023 | $40.00 → $42.00 | In-line → Outperform | Evercore ISI |
11/14/2023 | $40.00 | Mkt Perform → Outperform | Bernstein |
9/22/2023 | $38.00 | Hold | HSBC Securities |
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4 - Kraft Heinz Co (0001637459) (Issuer)
4 - Kraft Heinz Co (0001637459) (Issuer)
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
Citigroup initiated coverage of Kraft Heinz with a rating of Buy and set a new price target of $43.00
Evercore ISI upgraded Kraft Heinz from In-line to Outperform and set a new price target of $42.00 from $40.00 previously
Bernstein upgraded Kraft Heinz from Mkt Perform to Outperform and set a new price target of $40.00
HSBC Securities initiated coverage of Kraft Heinz with a rating of Hold and set a new price target of $38.00
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 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
The Kraft Heinz Company (NASDAQ:KHC) ("Kraft Heinz") will release its first quarter 2024 financial results on Wednesday, May 1, 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 He
The Kraft Heinz Company (NASDAQ:KHC) ("Kraft Heinz" or the "Company") will present today at the 2024 Consumer Analyst Group of New York (CAGNY) Conference. CEO Carlos Abrams-Rivera and Global Chief Financial Officer Andre Maciel will discuss how the Company plans to deliver on its goal to generate consistent top-tier stockholder returns by being the leader in elevating and creating food that makes you feel good. The Company plans to deliver its long-term growth through its three Growth Pillars: North America Retail, Global Away From Home, and Emerging Markets. The Company expects to fuel its top-line growth through its "Enablers of Growth," which include investments in marketing, research
8-K - Kraft Heinz Co (0001637459) (Filer)
10-Q - Kraft Heinz Co (0001637459) (Filer)
8-K - Kraft Heinz Co (0001637459) (Filer)
8-K - Kraft Heinz Co (0001637459) (Filer)
8-K - Kraft Heinz Co (0001637459) (Filer)
8-K - Kraft Heinz Co (0001637459) (Filer)
10-Q - Kraft Heinz Co (0001637459) (Filer)
8-K - Kraft Heinz Co (0001637459) (Filer)
11-K - Kraft Heinz Co (0001637459) (Filer)
11-K - Kraft Heinz Co (0001637459) (Filer)
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
Former IBM CHRO and Harvard Business School Senior Lecturer to Join Board and Compensation Committee The Kraft Heinz Company (NASDAQ:KHC) ("Kraft Heinz") announced today that the Board of Directors (the "Board") has appointed Diane Gherson as a director, effective November 3, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221107005797/en/Diane Gherson (Photo: Business Wire) "The Board is delighted to appoint Diane Gherson, former Chief Human Resources Officer at IBM, to join the Kraft Heinz Board," said Miguel Patricio, Chief Executive Officer and Chair of the Board of Directors of The Kraft Heinz Company. "With her 18 yea
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
Celebrating its 19th year, the program invites Canadian communities to nominate their local arena for the chance to win $250,000 and host an NHL® pre-season game TORONTO, Jan. 6, 2025 /CNW/ - Kraft Heinz, in partnership with the National Hockey League (NHL®) and the National Hockey League Players' Association (NHLPA) has announced that nominations are now open for Kraft Hockeyville 2025. Nominations will close Sunday, March 2, 2025, at 11:59 p.m. ET. Since launching 19 years ago, Kraft Hockeyville has awarded over $5.1 million to 101 communities to address the growing costs a
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
In celebration of the iconic "The Bologna song," Oscar Mayer unites generations and rewards those who sing along In 1974, Oscar Mayer aired "The Bologna song" commercial for the first time, capturing the American zeitgeist and teaching people coast to coast how to spell B-O-L-O-G-N-A. Now, 50 years later, Oscar Mayer re-introduces the world to the iconic ad, the longest running jingle in advertising history, all while rewarding fans who sing along. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241202749095/en/Oscar Mayer celebrates 50 years of the Bologna Song – the iconic jingle that captured the American zeitgeist. (Graphic
As the winning flavor from the brand's "Fan Flavorites" program, KRAFT will release an ultra-limited run exclusively on Walmart.com Nearly half of Americans customize their mac & cheese by adding extra seasonings and ingredients, affectionately known as "mac hacks."1 Today, KRAFT Mac & Cheese announces the ultimate mac hack – blending a cult-favorite seasoning and the brand's signature cheese sauce together in a crave-worthy fusion. Introducing: KRAFT Mac & Cheese Everything Bagel flavor. The winning submission from KRAFT's recent "Fan Flavorites" program, KRAFT Mac & Cheese Everything Bagel flavor will be available exclusively at Walmart.com, while supplies last. Nationwide pre-sale will
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-
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
New quesadillas leverage Kraft Heinz's innovative technology, 360CRISP™, to deliver restaurant-quality crispiness straight from the microwave Today, the Delimex brand expands beyond taquitos with the launch of new Crispy Quesadillas, marking one of the brand's first new products in over five years. Available in both Char-Grilled Chicken and Chipotle Chicken, Delimex Crispy Quesadillas pack bold flavor, juicy chicken, and gooey cheese in a perfectly crunchy tortilla. The new offerings leverage Kraft Heinz's proprietary 360CRISP™ technology to deliver restaurant-quality quesadillas boasting pan-fried crispiness straight from the microwave. The new Delimex Crispy Quesadillas are now available
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
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