PITTSBURGH & CHICAGO--(BUSINESS WIRE)--After taking the internet by storm earlier this year, HEINZ and award-winning producer, Mustard, are back with this summer's hottest drop: limited-edition HEINZ MUSTAAAAAARD. A smoky and sweet chipotle honey mustard with a kick, this BBQ essential blends real chipotle peppers with a touch of honey for a bold spin on HEINZ's gold standard. Mustard himself carefully crafted the sauce at HEINZ headquarters in his newly appointed role as the brand's first-ever.
Kraft Heinz (KHC) announced plans to remove artificial colors from its products. The company's goal is to stop using all synthetic dyes in US products by 2027.
Kraft Heinz Co (NASDAQ:KHC, ETR:KHNZ) said on Tuesday it will eliminate artificial food dyes from all US products by the end of 2027, becoming one of the first major packaged food companies to commit to a full phaseout of synthetic coloring amid growing scrutiny from consumers and US regulators. The decision comes as the US Department of Health and Human Services, under Secretary Robert F Kennedy Jr, ramps up pressure on the food industry to remove petroleum-based synthetic dyes, which have been linked to potential health risks.
Kraft Heinz is winding down its use of synthetic dyes.
Kraft Heinz said on Tuesday it would not launch products with artificial colors in the United States effective immediately, and would aim to eliminate synthetic dyes from existing items by the end of 2027.
Kraft Heinz said Tuesday that it will remove FD&C artificial dyes from its products by the end of 2027, and will not launch any new products in the U.S. containing those ingredients. Affected Kraft Heinz brands include Crystal Light, Kool-Aid, MiO, Jell-O and Jet-Puffed, according to a Kraft Heinz spokesperson.
The food giant says it will remove the dyes from products including Jell-O, Kool-Aid and Crystal Light before the end of 2027.
In the latest trading session, Kraft Heinz (KHC) closed at $26.08, marking a -1.44% move from the previous day.
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--Just in time to sip into summer, Philadelphia, the category leader who has set the cream cheese standard for 150 years, is shaking things up with the newest accoutrement to dirty martinis. Introducing: Philly-tini Olives, a new creamy alternative for those who love the ritual of a dirty martini but can do without the blue cheese. In partnership with premium olive and Mediterranean ingredient producer Divina, our Philly-tini Olives will be available beginni.
Retirees looking for additional income streams might want to consider these two dividend stocks, both of which are in the portfolio of Warren Buffett.
Kraft Heinz offers stability with strong cash flows, high margins, and a generous 5-6% dividend yield, despite stagnant revenue growth in mature markets. Emerging markets are a bright spot, delivering double-digit sales growth, while North America and Europe face volume declines and private label competition. Valuation models indicate a fair value of $31 per share, representing a 16% upside; I recommend buying KHC as a defensive investment.
Kraft Heinz (KHC) shares declined Wednesday after the troubled packaged food provider said that it has been looking into possible deals to boost its business, and had a shakeup in its board.