KHC - The Kraft Heinz Company
31.88 0.00 (0.00%)
After hours: 4:37PM EDT
| Previous Close | 31.98 |
| Open | 31.98 |
| Bid | 31.78 x 1300 |
| Ask | 31.95 x 29200 |
| Day's Range | 31.70 - 32.11 |
| 52 Week Range | 31.53 - 64.99 |
| Volume | 5,085,137 |
| Avg. Volume | 12,858,758 |
| Market Cap | 38.875B |
| Beta (3Y Monthly) | 0.82 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -8.39 |
| Earnings Date | Aug 1, 2019 - Aug 5, 2019 |
| Forward Dividend & Yield | 1.60 (4.90%) |
| Ex-Dividend Date | 2019-03-07 |
| 1y Target Est | 35.61 |
- Business Wire•yesterday
Kraft Heinz Receives Notification of Deficiency From Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q
The Kraft Heinz Company (KHC) (“Kraft Heinz” or the “Company”) today announced that on May 17, 2019, as expected, Kraft Heinz received a standard notice from Nasdaq stating that, as a result of not having timely filed its Quarterly Report on Form 10-Q for the quarter ended March 30, 2019 (the "Form 10-Q"), Kraft Heinz continues to not be in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission. Kraft Heinz previously received an initial notice on March 15, 2019 related to the delay in timely filing its Annual Report on Form 10-K for the fiscal year ended December 29, 2018 (the "Form 10-K"). Previously, Kraft Heinz timely submitted a plan to regain compliance to Nasdaq and in the notice received on May 17, 2019, Nasdaq also notified Kraft Heinz that it had been granted until September 11, 2019 to regain compliance with Nasdaq Listing Rule 5250(c)(1) by filing the Form 10-K and Form 10-Q and complying with certain other terms outlined in the notice.
- GuruFocus.com•yesterday
52-Week Company Lows
According to GuruFocus' list of 52-week lows, these Guru stocks have reached their 52-week lows. The price of 3M Co. (MMM) shares has declined to close to the 52-week low of $166.25, which is 24.5% off the 52-week high of $219.75. The company has a market cap of $95.83 billion.
- Business Wire•yesterday
The Kraft Heinz Company Declares Regular Quarterly Dividend of $0.40 Per Share
The Board of Directors of The Kraft Heinz Company (KHC) today declared a regular quarterly dividend of $0.40 per share of common stock payable on June 14, 2019, to stockholders of record as of May 31, 2019. For 150 years, we have produced some of the world’s most beloved products at The Kraft Heinz Company (KHC).
- Financial Times•2 days ago
Has T-Mobile done enough to save its Sprint deal?
FT premium subscribers can click here to receive Due Diligence every day by email. One thing to start: DD has teamed up with Murad Ahmed, sports correspondent, to launch the FT Business of Football summit. The inaugural event is today at Claridge’s in London.
- InvestorPlace•2 days ago
Berkshire Hathaway Stock Should Pay a Special Dividend
Warren Buffett is a fan of dividends. Just look at all the dividend stocks that fill Berkshire Hathaway's (NYSE:BRK.B),NYSE:BRK.A) portfolio. Many of his top holdings send plenty of cash flowing back into BRK.B's coffers, inflating them by billions of dollars each quarter. And for decades, BRK.B has been using those dollars to reinvest and drive the future returns of Berkshire Hathaway stock.Source: Shutterstock However, despite Buffett's love of stocks that pay dividends, Berkshire Hathaway stock doesn't pay one of its own, with Buffett preferring to use the money for other purposes. Over the years, that's been a fine approach. But these days, Buffett and BRK.B may want to rethink that stance. * 7 High-Yield REITs to Buy (Even When the Market Tanks) A huge cash pile, underperformance in recent years by Berkshire Hathaway stock and a lack of appealing elephant-sized takeover targets make the idea of paying a dividend- even a one-time special one- worthwhile for Berkshire Hathaway.InvestorPlace - Stock Market News, Stock Advice & Trading Tips A Growing Problem for Berkshire HathawayCalling BRK.B a cash-generating machine would be an understatement. By design, the organization is set up to produce copious amounts of cash flows from its underlying holdings. Its insurance companies pull in billions from their investments, while Buffett receives billions each quarter in dividends from BRK.B's massive stakes in companies like Coca-Cola (NYSE:KO) and U.S. Bancorp (NYSE:USB). And we can't forget about the dividends/distributions that Berkshire Hathaway's subsidiaries send back to their parent.Historically, Buffett has used this cash primarily to invest in its current businesses, buy new businesses and repurchase Berkshire Hatahaway stock when its shares are cheap enough.The problem is that BRK.B may be producing too much cash these days. At the end of 2018, BRK.B had about $112 billion in cash and equivalents on its balance sheet. That balance has only grown as more of its positions have paid their quarterly dividends into the firm's coffers.The issue is that Buffett and Berkshire are having trouble finding ways to spend that cash.With stocks surging over the last year or so, valuations aren't as cheap as Buffett would like. After all, he is a value investor. As a result, it's difficult for Berkshire to buy more shares of companies in which it already has stakes .Meanwhile, expensive valuations make buying companies outright an expensive proposition. Since Berkshire Hathaway is so big, it takes a large deal to really move the needle for Berkshire Hatahawau stock. Unfortunately, Buffett and the team at Berkshire Hathaway recently haven't found any major company that they like. It's been more than three years since BRK.B carried out a substantial buyout. So, its cash keeps piling up.That could explain Buffett's recent bout of underperformance.Over the long haul, Berkshire Hathaway stock has been a great investment. Since Buffett took over, Berkshire Hathaway has managed to produce a compound annual gain of 21% , versus a compound annual gain of just 9.7% for the S&P 500 during that time.However, the last decade hasn't been so kind for Buffett. BRK.B stock has risen by 259% over the last ten years. That's not bad at all. However, the S&P has returned a total of 314% during that time. This year alone ,the S&P 500 has risen more than twice as rapidly as Berkshire Hatahaway stock. Berkshire Hathaway Should Give It All AwayThere is a relatively easy solution to the problem for Berkshire: enact a dividend of its own. Buffett has notoriously been stubborn on this issue and has said that in 10 or 20 years, the company may decide to institute a dividend. BRK has only paid a dividend once, back in 1967. However, it might be a good idea for for Berkshire Hathaway stock to start paying one.For one thing, Buffett's argument that it's better to use the money for investments is only valid if he actually puts the cash to work. Handing some of the cash back to investors as a dividend would certainly remove some of the drag on the performance. of Berkshire Hathaway stock.And Buffett wouldn't have to get rid of all of the cash. If Berkshire Hathaway last year- after kicking out the issues with Kraft Heinz (NYSE:KHC) - put 42% of its profits into dividends, it would have spent about $20 billion on the payouts. In that scenario, Buffett would still have had plenty of cash to play with. In fact, about five years ago, Buffett had only about $42 billion in cash on Berkshire's balance sheet, and he was perfectly content and performed better.By paying a dividend, BRK.B would remove one of Buffett's main complaints about Berkshire Hathaway as well. That is, that Berkshire Hathaway stock constantly trades at a huge discount to book value. If Buffett was to pay an annual dividend or even a one-time large special payout and remove some of the excess cash, the owners of Berkshire Hathaway stock would receive an improved return on their investment. Most likely, they would enjoy higher share prices and higher net asset value. Here's Hoping Berkshire Hathaway Starts Paying UpBuffett is an amazing investor and has steered Berkshire Hathaway towards enviable returns that may have been too good. BRK just throws off too much cash these days. It's a great problem to have, but it is starting to significantly hinder the performance of BRK.B stock. Initiating a one-time, special dividend or annual payout would go a long way towards removing that excess cash from Berkshire's balance sheet, while improving the performance of BRK.B stock. At the time of writing, author Aaron Levitt did not hold a position in any of the stocks mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post Berkshire Hathaway Stock Should Pay a Special Dividend appeared first on InvestorPlace.
- Business Wire•2 days ago
Maxwell House Becomes Official Coffee Partner of the United Service Organizations (USO) to Support the Hard Work of Service Members and Their Families
Today, Maxwell House joins forces with the USO to help keep America’s service members connected to the things they work hard to defend - family, home and country. As the Official Coffee Partner of the USO, Maxwell House will support USO programs designed to strengthen military families and spouses and will include in-store promotions as well as coffee and monetary donations. Of those the USO serves, military spouses are one of the most overlooked groups, with an unemployment rate at least four times higher than the national average.
- Business Wire•2 days ago
Oscar Mayer, Rise Against Hunger and Roush Fenway Racing Team up to Fight Hunger
Before taking to the race track Memorial Day weekend in Charlotte, Oscar Mayer, in partnership with Rise Against Hunger and NASCAR race team Roush Fenway Racing, are joining forces in the fight against hunger. Driver of the No. 6 Oscar Mayer Ford Mustang, Ryan Newman, and more than 30 volunteers will come together on May 23 at Roush Fenway Racing in Concord, North Carolina to help package meals to fight food insecurity and malnutrition around the world. “At Oscar Mayer, we believe in always finding a better way, whether that means making the highest quality meats, putting a solid car on the race track, or joining with our partners to give back to the community,” said Matt Riezman, Associate Director of Marketing, Oscar Mayer.
Motley Fool•2 days agoWarren Buffett Is the World's Biggest Investor in These 5 Stocks
Berkshire Hathaway is the single largest shareholder of these well-known companies.
- Zacks•6 days ago
Kraft Heinz (KHC) Gains But Lags Market: What You Should Know
Kraft Heinz (KHC) closed the most recent trading day at $32.44, moving +0.11% from the previous trading session.
- Financial Times•7 days ago
M&A bonanza poses an impairment threat for investors
Global merger and acquisition volumes reached their third-highest year on record in 2018, continuing a trend that has seen dealmaking steadily increase since the financial crisis. All this M&A means that there are huge amounts of goodwill sitting on companies’ balance sheets — which bring the potential of similarly large impairments with them. With interest rates still at historically low levels and the global economy growing strongly in recent years, investors have largely been content to assume that firms have paid fair prices for the acquisitions they have made.
- Motley Fool•7 days ago
Warren Buffett’s $100 Billion Dilemma
As Buffett’s cash pile grows, Berkshire needs to invest it wisely to avoid another misstep.
- GuruFocus.com•9 days ago
RWWM, Inc. Buys The Kraft Heinz Co
Loomis, CA, based Investment company RWWM, Inc. buys The Kraft Heinz Co during the 3-months ended 2019Q1, according to the most recent filings of the investment company, RWWM, Inc..
- Motley Fool•10 days ago
How Oil Made Berkshire Very Happy This Week
Berkshire’s Occidental deal was great for Berkshire, not so great for Occidental. But they both seem happy enough, so -- good for them?
- Financial Times•13 days ago
‘I’m not 3G’s man’, says new Kraft Heinz chief executive
Miguel Patricio, Kraft Heinz’s incoming chief executive, is prepared to stand up for his brands. Fifteen years later, Mr Patricio also appears undaunted by the task facing him at Kraft Heinz, the Warren Buffett-backed food group that has become one of corporate America’s biggest turnround jobs.
Reuters•13 days agoGE's rising bonds offer another endorsement of CEO Culp
General Electric Co shareholders offered their latest endorsement of new Chief Executive Larry Culp this week when they approved a 2018 pay package worth $15 million (£11.51 million). Earnings on April 30 showed the Boston-based company still had a way to go in its turnaround efforts, but Culp's plan to reduce the company's $110 billion debt load has nevertheless spurred interest from bondholders. The rise in bond prices is "definitely a recognition of the fact (Culp) does have a plan and that maybe things have bottomed out for GE," said Mark Jackson, portfolio manager at Diamond Hill Capital.
- Zacks•13 days ago
Kraft Heinz (KHC) Gains As Market Dips: What You Should Know
Kraft Heinz (KHC) closed at $32.58 in the latest trading session, marking a +0.46% move from the prior day.
- Moody's•13 days ago
Kraft Foods Group, Inc. (OLD) -- Moody's announces completion of a periodic review of ratings of Kraft Heinz Foods Company
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Kraft Heinz Foods Company and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
- Reuters•13 days ago
Kraft Heinz launches sale of baby food unit - sources
By Francesca Landini MILAN (Reuters) - U.S. packaged food giant Kraft Heinz has launched the sale of its baby food brand Plasmon with preliminary bids due by the end of next week, two sources close to ...
Reuters•13 days agoKraft Heinz launches sale of baby food unit: sources
U.S. packaged food giant Kraft Heinz has launched the sale of its baby food brand Plasmon with preliminary bids due by the end of next week, two sources close to the matter said. Private equity firms and food groups are looking at the business, both sources said, adding it could be worth about 700 million euros ($783 million). Another source said PAI Partners was among investors expected to present a preliminary bid, adding that rival private equity firm Cinven could also be interested.
- Investing.com•14 days ago
Stocks - Fox Soars in Premarket, Intel, Disney Decline, Costco Gains
Investing.com - Stocks in focus in premarket trade Thursday:
- Motley Fool•14 days ago
Buffetty Highlights From the Annual Meeting
Berkshire Hathaway’s annual meeting shed some light, although not too much, on Kraft Heinz and Tesla’s insurance ambitions.
- Motley Fool•14 days ago
Kraft Heinz's Accounting Issues Raise Red Flags
Some little accounting mistakes over the past two years are coming back to haunt the packaged foods maker.
- Reuters•14 days ago
Berkshire takes $377 million charge tied to solar company that U.S. linked to fraud
Berkshire said in its first-quarter report on Saturday it had invested $340 million in various tax equity investment funds from 2015 to 2018, before learning that federal authorities had alleged "fraudulent income conduct" by the funds' sponsor. "We now believe that it is more likely than not that the income tax benefits that we recognised are not valid," and took the charge for "uncertain tax positions" related to its investments, Berkshire said. Buffett's assistant Debbie Bosanek confirmed that the charge related to DC Solar.
- InvestorPlace•14 days ago
Warren Buffett’s Support for Wells Fargo Stock Isn’t Smart
One of Warren Buffett's most admirable traits was on display this past weekend at the Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) annual meeting in Omaha. Loyal as they come, Buffett and his sidekick, Charlie Munger, continued to support Wells Fargo (NYSE:WFC) stock despite the ongoing lousy press that plagues the bank.Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsBuffett's support is excellent news if you own WFC stock, but terrible news if you own stock in Berkshire Hathaway, whose position in WFC stock is its third-largest equity holding. While Buffett's advice is broadly useful, it's becoming questionable how useful it may be about some of BRK.B stock's specific holdings when they're in hot water. The Ongoing Scandal for WFC StockWFC recently stated that the combined legal losses from several of its scandals -- including creating as many as 2 million fake bank accounts -- could be as high as $3.1 billion, 41% higher than its estimate in September. The bank is currently recruiting a new CEO to replace Tim Sloan, who resigned suddenly in March after taking over from former CEO John Stumpf, who himself resigned in October 2016 after leading WFC down a scandalous path of deceit and deception. * 10 Great Stocks to Buy on Dips In the two-and-a-half years since the fake-account scandal first surfaced, Warren Buffett and Charlie Munger have been very supportive of both Wells Fargo and WFC stock. "It's a great bank that made a terrible mistake," Buffett told CNN's Poppy Harlow in an interview in November 2016. "It was a dumb incentive system, which when they found out it was dumb, they didn't do anything about it."Buffett, of course, is referring to the fake accounts and the company's ridiculous goal (set by Stumpf) of selling eight Wells Fargo products per household that banked with WFC.This past weekend, Buffett didn't steer too far from his 2016 comments about the bank."It looks to me like Wells made some big mistakes in what they incentivized," Buffett said. "I've seen that [at] a lot of places. That clearly existed at Wells. To the extent that they set up fake accounts, a couple of million of them that had no balance in them, that could not possibly have been profitable to Wells."Munger said nobody should go to jail for honest errors of judgment and added that he wished Tim Sloan was still in the top job. Buffett's Fine LineBuffett is walking a fine line between protecting the interests of Berkshire Hathaway shareholders (he is the largest owner of Berkshire stock) and the interests of the American people. If he says damning things about Wells Fargo, the WFC stock price will tank and he, along with the rest of his shareholders, would lose money, due to BRK.B's large bet on WFC stock. Yet if he continues to play the role of a hypocrite, defending the practices of a rogue bank stock he happens to own, while discussing other problems that the U.S. faces, investors and others are eventually going to tire of listening to this icon of investing. And that would be a shame. However, it's not the first time that Buffett's said one thing and done another. Consider his investment in Kraft Heinz (NASDAQ:KHC). At the company's annual meeting this weekend, Buffett was highly critical of private equity firms."We have seen a number of proposals from private equity funds where the returns are really not calculated in a manner that I would regard as honest," Buffett said. "If I were running a pension fund, I would be very careful about what was being offered to me."He went on to state that he wasn't going to add debt to Berkshire Hathaway to juice its internal rate of return. It's an observation that would be righteous if it weren't for the fact that Buffett's in bed with private equity firm 3G Capital. Not only did he invest a whole bunch of money in Kraft Heinz, but he also got involved with Burger King's merger with Tim Hortons in 2014, which formed Restaurant Brands International (NYSE:QSR). Care to guess how much debt those two companies have?QSR had $11.8 billion in long-term debt at the end of March, equaling 70% of its market cap. Kraft Heinz had $30.9 billion in long-term debt at the end of December, representing 78% of its market cap.So, it seems like he is suggesting to investors, "do as I say, not as I do." The Bottom Line on WFC StockWhen Warren Buffett's gone from this planet, he will be missed, most notably by those who were made very rich by his business acumen. However,investors will look back on his pledge of allegiance to Wells Fargo and wonder why he remained loyal to that particular bank when there were so many other better ones.Buffett's calming words this weekend will continue to do wonders for WFC stock. As for Berkshire Hathaway, it's merely another reason to ponder whether it's lost its touch.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Great Stocks to Buy on Dips * 6 Growth Stocks to Buy for the Rest of 2019 * 4 Mega-Cap Stocks to Sell Before They Melt Down Compare Brokers The post Warren Buffettas Support for Wells Fargo Stock Isn't Smart appeared first on InvestorPlace.
- American City Business Journals•15 days ago
Maxwell House's Mother's Day ad campaign a labored affair
With Mother’s Day fast approaching on May 12, Maxwell House coffee has opted to celebrate mom’s big day with a new ad campaign that somewhat awkwardly aims to draw attention to all the “invisible labor” mothers do every day, but that too often gets overlooked in the frenzied business of people living their day-to-day lives. Maxwell House is one of a number of iconic brands in the portfolio of Kraft Heinz, a packaged foods behemoth whose various problems have been thrust front and center in recent months. Among other things, KH took a whopping $15 billion writedown in February on two of its most iconic brands, Heinz ketchup and Oscar Mayer.
