32.96 +0.06 (0.18%)
After hours: 7:55PM EDT
|Bid||32.86 x 900|
|Ask||32.98 x 2900|
|Day's Range||32.81 - 33.78|
|52 Week Range||31.53 - 64.99|
|Beta (3Y Monthly)||0.81|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||1.60 (4.82%)|
|1y Target Est||36.13|
Kraft Heinz Co's incoming chief executive, Miguel Patricio, is indicating a change in strategy for the packaged food company that could move it away from the aggressive cost-focused culture that has been in place since the company was created in 2015. Patricio, a 52-year-old Portuguese native who will take over the helm of the world's fifth biggest food company from July 1, said he plans to focus more on efficiency, investing in brands and growing sales organically at a company that has been reeling from a $15.4 billion writedown on some of its brands. Kraft Heinz's focus on cost-cutting and interest in scoring a big acquisition have been key to the company's strategy under management installed by Brazilian private equity firm 3G Capital.
Wall Street capped a day of mostly sideways trading Monday with a slight gain for the benchmark S&P 500 index, as a spike in crude oil prices sent energy companies broadly higher.
FORT LAUDERDALE, Fla. (AP) — Nearly three dozen men and women have filed a federal class-action lawsuit accusing Florida authorities of unlawfully videotaping them as they received legal massages at a parlor where New England Patriots owner Robert Kraft and others allegedly paid for sex.
Kraft Heinz announced on Monday that Bernardo Hees, 49, will step down on July 1 after a string of troubling developments in recent months. Berkshire proudly backed that transaction, with Buffett writing in his annual letter at the time that the executives at 3G “could not be better partners,” though he finally admitted in February to overpaying for the deal.
Patricio, a 52-year-old native of Portugal, will take over the top job in July after two decades at Anheuser-Busch InBev, where he rose to become the company's global head of marketing, building sales of beer brands Corona, Budweiser and others. Before AB InBev, Patricio worked at major consumer companies including Philip Morris, Coca-Cola Co and Johnson & Johnson.
There's a new Kraft Heinz CEO that will be leading the company in the near future.Here's what we know about the new CEO for Kraft Heinz (NASDAQ:KHC). * The new Kraft Heinz CEO is Miguel Patricio. * He will be taking over as the CEO of the company starting on July 1, 2019. * This will have him taking over the position from Bernardo Hees, who will remain with the company as its CEO until June, 30, 2019. * Patricio is joining the company as the new Kraft Heinz CEO after spending two decades with Anheuser-Busch InBev (NYSE:BUD). * During his time with Anheuser-Busch InBev, Patricio served in various roles as part of its Executive Leadership team. * These roles include him serving as the company's Global Chief Marketing Officer from 2012 to 2018. * Prior to his, he was serving as the President of Asia Pacific from 2008 to 2012 for Anheuser-Busch InBev. * Before serving in that role, he was the President of North America for Anheuser-Busch InBev from 2006 to 2008. * Before starting his career at Anheuser-Busch InBev, Patricio worked at several other consumer companies. * Among these companies are Philip Morris (NYSE:PM), Coca-Cola (NYSE:KO) and Johnson & Johnson (NYSE:JNJ). * 7 Tech Stocks With Too Much Risk, Not Enough Upside You can follow this link to learn more about new Kraft Heinz CEO Miguel Patricio and the experience he is bringing to the company.InvestorPlace - Stock Market News, Stock Advice & Trading TipsKHC stock started the day off up 1% on Monday morning, but is now largely unmoved as of the afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Miguel Patricio: 10 Things to Know About the New Kraft Heinz CEO appeared first on InvestorPlace.
(KHC) on Monday named a new CEO, announcing that Miguel Patricio will succeed Bernardo Hees effective July 1. Who is Miguel Patricio? Here are three things you need to know about the newest chief of Kraft Heinz (ticker: KHC).
NEW YORK, NY / ACCESSWIRE / April 22, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...
New Kraft Heinz CEO Miguel Patricio will have a long road ahead to turn around the consumer staples giant, which has seen its stock stumble amid a host of problems in recent months.
The company is tapping longtime Anheuser-Busch InBev executive Miguel Patricio to replace Bernardo Hees, who has led Kraft Heinz since the company was created in a 2015 merger orchestrated by Warren Buffett and 3G Capital. Patricio served for several years as chief marketing officer at Anheuser-Busch, which counts the private equity firm’s founders as some of its biggest shareholders. Outgoing chief Hees has been on shaky footing since February 2017, when Kraft Heinz made a blockbuster bid to buy Unilever for $143 billion.
Kraft Heinz's Bernardo Hees is the latest CEO to announce his exit from a food company, as the industry faces unprecedented challenges.
Kraft Heinz Co. has named a new CEO as it struggles to remain relevant amid changing American tastes. The company said Monday that Miguel Patricio, a longtime executive at Anheuser-Busch InBev, will replace outgoing CEO Bernardo Hees in July. "Miguel is a proven business leader with a distinguished track record of building iconic consumer brands around the globe," said Alex Behring, chairman of Kraft Heinz's board of directors, in a statement.
NEW ORLEANS, April 22, 2019 -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending.
Kraft Heinz named Miguel Patricio as CEO, succeeding Bernardo Hees. Patricio's appointment is effective July 1. He comes from Anheuser-Busch InBev, where he served as global chief marketing officer from 2012 to 2018.
The consumer-staples stock had fallen more than 43% over the 12 months through the close of trading on Thursday
Hees will remain CEO until the end of June at which point Patricio, a Anheuser Busch Inbev NV (NYSE: BUD) veteran, will take over. Patricio's resume includes Global Chief Marketing Officer from 2012 to 2018 at AB InBev.
Kraft Heinz Co. said Chief Executive Bernardo Hees will step down effective June 30, after six years with the company. Kraft Heinz's stock rallied 2.1% in premarket trade. The food and beverage giant, which brands include Jell-O, Oscar Mayer, Heinz and Planters, named Miguel Patricio as its new CEO, effective July 1. Patricio was previously has served in various executive leadership positions at Anheuser-Busch InBev S.A. , including chief marketing officer from 2012 to 2018. The stock, which closed at a record low of $31.87 on March 14, has tumbled 43% over the past 12 months, while the S&P 500 has gained 8.8%.
Kraft Heinz CEO Bernardo Hees is stepping down on June 30. Patricio says Kraft Heinz Chairman Alexandre Behring approached him about the new CEO role a few months ago. Kraft Heinz KHC CEO Bernardo Hees will step down on June 30, marking the embattled company's most significant executive shakeup since its formation four years ago.
Kraft Heinz has appointed Miguel Patricio, former Anheuser-Busch InBev CMO, as its new CEO. Zack Guzman, Yahoo Finance's Brian Cheung along with SLT & Stretch*d Founder and CEO Amanda Freeman discuss the leadership shakeup on YFi PM.
Yahoo Finance's Adam Shapiro runs through today's top news headlines.
Kraft Heinz CEO Bernardo Hees will step down on June 30, marking the embattled company's most significant executive shakeup since its formation four years ago. CNBC's "Squawk on the Street" discuss the change.