The Kraft Heinz Company (KHC)
Kraft Heinz turns to AI to combat declining sales
Kraft Heinz Co (NASDAQ:KHC, ETR:KHNZ) has an ambitious goal to generate $2.5 billion in efficiencies by 2027, and it will need artificial intelligence to do it. The consumer goods giant aims to achieve savings in logistics, manufacturing, and procurement by optimizing delivery routes, improving case fill rates, rationalizing SKUs, modernizing management systems, implementing touchless demand forecasting, improving supply planning, and reducing waste.
Is Kraft Heinz Stock a Buy?
Kraft Heinz is balancing softer volume trends through higher pricing in support of margins. Shares offer a compelling 4.6% dividend yield.
The Kraft Heinz Company (KHC) Deutsche Bank 21st Annual dbAccess Global Consumer Conference (Transcript)
The Kraft Heinz Company (NASDAQ:KHC ) Deutsche Bank 21st Annual dbAccess Global Consumer Conference June 4, 2024 9:45 AM ET Company Participants Carlos Abrams-Rivera - CEO Andre Maciel - EVP & Global CFO Conference Call Participants Stephen Powers - Deutsche Bank Stephen Powers All right. Welcome back.
High-Yield Kraft Heinz Stock Isn't Delivering Right Now. What Investors Need to Know
Kraft Heinz was created via a big merger with the goal of trimming fat to boost profits. The company quickly realized that it couldn't cut its way to long-term success.
The Kraft Heinz Company (KHC) Bernstein's 40th Annual Strategic Decisions Conference (Transcript)
The Kraft Heinz Company (NASDAQ:KHC ) Bernstein's 40th Annual Strategic Decisions Conference May 30, 2024 3:30 PM ET Company Participants Carlos Abrams-Rivera - CEO Conference Call Participants Alexia Howard - Bernstein Alexia Howard Good afternoon, everyone. It's my great pleasure to welcome Carlos Abrams-Rivera, who's the CEO of Kraft Heinz since December of last year.
Kraft Heinz: An Attractive Yield Play Undergoing Transformation
Private label products are gaining market share, impacting sales of consumer staples brands. Kraft Heinz is following the playbook of Coca-Cola by investing in core product innovation and marketing to stay relevant in a changing market. Ongoing cost-cutting will support investment as well as attractive shareholder distributions.
Could This Be a Red Flag for Kraft Heinz Stock and Its Dividend?
Kraft Heinz is reportedly considering the sale of its Oscar Mayer brand. According to a report, a potential deal might bring in as much as $5 billion.
Panagora Asset Management Inc. Purchases 5,460 Shares of The Kraft Heinz Company (NASDAQ:KHC)
Panagora Asset Management Inc. boosted its position in The Kraft Heinz Company (NASDAQ:KHC – Free Report) by 8.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,965 shares of the company’s stock after buying an additional 5,460 shares during the quarter. Panagora Asset Management Inc.’s holdings in Kraft Heinz were worth $2,624,000 at the end of the most recent reporting period. Several other institutional investors have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Kraft Heinz in the fourth quarter worth $32,000. BKM Wealth Management LLC bought a new stake in shares of Kraft Heinz in the fourth quarter valued at about $33,000. Headinvest LLC acquired a new stake in Kraft Heinz during the third quarter worth about $38,000. VisionPoint Advisory Group LLC increased its stake in Kraft Heinz by 326.1% during the third quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock valued at $41,000 after acquiring an additional 936 shares during the period. Finally, Anchor Investment Management LLC acquired a new position in Kraft Heinz in the 4th quarter valued at approximately $47,000. Institutional investors own 78.17% of the company’s stock. Insider Activity In other news, insider Lande Rashida La sold 10,140 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $35.95, for a total transaction of $364,533.00. Following the completion of the sale, the insider now owns 158,266 shares in the company, valued at $5,689,662.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.37% of the stock is owned by insiders. Wall Street Analysts Forecast Growth Several brokerages have recently weighed in on KHC. Wells Fargo & Company decreased their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, February 15th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Bank of America raised their price objective on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Finally, Citigroup initiated coverage on shares of Kraft Heinz in a research report on Thursday, February 1st. They set a “buy” rating and a $43.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $39.50. Read Our Latest Stock Analysis on KHC Kraft Heinz Stock Performance NASDAQ KHC opened at $36.00 on Monday. The firm has a market cap of $43.71 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 2.89 and a beta of 0.65. The Kraft Heinz Company has a 1-year low of $30.68 and a 1-year high of $39.34. The company has a 50 day moving average of $36.50 and a 200-day moving average of $36.12. The company has a current ratio of 1.09, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40. Kraft Heinz (NASDAQ:KHC – Get Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.43 billion. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. On average, equities analysts forecast that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year. Kraft Heinz Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.44%. Kraft Heinz’s payout ratio is 69.87%. About Kraft Heinz (Free Report) The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.
Kraft Heinz Could Sell Oscar Mayer: What It Means for Investors
Kraft Heinz is reportedly looking to get $3 billion to $5 billion by selling its Oscar Mayer business. It would likely take the Oscar Mayer business a long time to generate that much profit for the company, which could be motivation to sell.
