32.70 -0.05 (-0.15%)
After hours: 7:41PM EDT
|Bid||32.63 x 1200|
|Ask||32.70 x 1200|
|Day's Range||31.93 - 32.85|
|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 (4.98%)|
|1y Target Est||38.27|
Yahoo Finance's Adam Shapiro and Julie Hyman preview Andy Sewer's exclusive interview with Berkshire Hathaway Chairman & CEO Warren Buffett.
Billionaire and Berkshire Hathaway CEO Warren Buffett discusses Kraft Heinz and the changing retail environment.
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the April 25, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired The Kraft Heinz Company (“Kraft” or the “Company”) (NASDAQ: KHC) securities between July 6, 2015 and February 21, 2019, inclusive (the “Class Period”). Kraft investors have until April 25, 2019 to file a lead plaintiff motion in this class action.
Conagra Brands Beat Q3 Profit Estimate, Stock Rose(Continued from Prior Part)Low valuation Conagra Brands’ (CAG) impressive performance on the bottom-line front and expanded adjusted operating margin in the third quarter will likely support the
NEW YORK, March 21, 2019 -- The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a.
I'll be honest: I simply don't understand the bull case for Coca-Cola (NYSE:KO). The KO stock price has held up reasonably well in recent years, admittedly. But Coca-Cola stock isn't cheap. There are obvious risks to demand going forward. Add on disappointing growth, and the numbers here don't seem to add up.Source: Coca-ColaI concede that I've long been a skeptic toward KO stock. I called it "expensive" 20 months ago at roughly the same price, and it's at least held up. On this site, Luke Lango made a "buy the dip" case last month; a few days later, Josh Enomoto highlighted the company's opportunity in China.With all due respect, I disagree. The issue from here is that many investors are valuing Coca-Cola for what it was: a wonderful business that produced steady growth and lockstep increases in its dividend. Coca-Cola stock famously has made billions of dollars for Warren Buffett and Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B). It's also been a great long-term investment for the rest of us.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks on the Rise Heading Into the Second Quarter But times change. And those changes have notably shifted the investment case here. The KO Stock Price Tumbles After EarningsAt this point, it seems increasingly difficult to make the fundamental case for Coca-Cola stock. A multi-year transformation -- including a "refranchising" of its bottling operations -- has hit revenue in recent years, but it was supposed to create a leaner, more profitable company.That's a key reason why the KO stock price fell over 8% after disappointing earnings last month -- a huge move for a typically low-volatility stock. Guidance for 2019 was much weaker than expected. Coca-Cola expects earnings growth of -1% to 1% against 2018's $2.08.Investors were hoping for much more after the refranchising. The problem goes beyond results for a single year, however, as 2019 guidance implies EPS of $2.06 to $2.10. In 2013, Coca-Cola's non-GAAP EPS was $2.08. Over six years, including a massive transformation, earnings per share will barely move, if at all.But even that doesn't tell the full story.Coca-Cola stock, like so many other U.S.-based investments, has benefited from a lower tax rate. The underlying (i.e., adjusted) tax rate in 2013 was 23%. It's estimated to be 19.5% in 2019. That lower rate provides a 4.5% benefit to net earnings. Billions of dollars in share buybacks boost EPS as well. Considering this, Coca-Cola has 4.5% fewer shares outstanding than it did in 2013. In other words, KO is making less pre-tax profit than it did six years ago (the figure has declined about 8.7% by my math).And yet, Coca-Cola stock trades for 22x the midpoint of 2019 EPS guidance. That multiple seems incompatible with the performance over the past few years. The Risks to KO StockTo be fair, a stronger dollar has been an issue, hitting revenues and profits overseas. Coca-Cola is projecting a significant currency headwind, with 6% to 7% impact on operating income in 2019 alone. This comes after a 4% hit in 2018. Essentially, much of the potential benefit of the refranchising has been swallowed by currency effects.That said, it's not as if the dollar is guaranteed to get weaker going forward. KO stock still looks reasonably expensive against even currency-neutral growth. Meanwhile, risks are rising.Soda consumption continues to decline in the U.S., dropping by 20%-plus over two decades according to one report. Coca-Cola has tried to diversify, acquiring Costa Coffee and sparkling water manufacturer Topo Chico last year. But a $5 billion coffee deal -- let alone a $220 million bottled water purchase -- doesn't move the needle much against a $200 billion market cap.The trend here is consistently negative, particularly in terms of diet soda. Sparkling waters from Nestle (OTCMKTS:NSRGY), National Beverage (NASDAQ:FIZZ) (even with some recent trouble), and private companies like Polar and Spindrift are taking share from diet soda. Neither Coke with its Dasani brand, nor Pepsi (NASDAQ:PEP) with its Aquafina, have been able to win much in that market. New BrandsMeanwhile, HSBC Securities highlighted an interesting stumbling block for Coca-Cola's plans for expansion. Coca-Cola has looked to new extensions, including flavored Diet Coke and an orange-vanilla offering for its full-calorie brand. But, as HSBC pointed out, those efforts are likely to upset the same bottlers who have taken over Coke's operations.Smaller products have high startup costs, as well as long payback periods. Coke's refranchising may slow it from following the brand expansion strategy that's currently popular among consumer companies. It's a bit analogous to the risk facing Coke customers McDonald's (NYSE:MCD) and Restaurant Brands International (NYSE:QSR). Those companies have shifted costs to their franchisees too. However, those franchisees may rebel as their parents look to compete solely on price or otherwise push the limits of their profitability. Not Enough GrowthFrom here, zero growth isn't worth the risks facing the industry. As such, KO stock looks far too expensive. I asked last year if Coca-Cola might be the next giant to stumble after consumer heavyweights Anheuser-Busch InBev (NYSE:BUD), Kraft Heinz (NASDAQ:KHC), and Altria (NYSE:MO) saw big declines.It hasn't happened yet, even with the post-Q4 selloff. But I wouldn't be shocked if it did. In fact, I'd be less surprised if KO stock fell sharply than if Coca-Cola somehow figured out how to grow in an industry destined for long-term declines.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post Coca-Cola Stock Still Is Too Expensive appeared first on InvestorPlace.
Kraft Heinz has relaunched and transformed its recipe website, formerly known as Kraft Recipes, as My Food and Family. In addition to a new name, it offers consumers a modernized site with shoppable recipes that takes advantage of Kraft Heinz’s broad portfolio of brands and products. Just as the previous site did, My Food and Family offers busy consumers recipes and lifestyle content that makes mealtime easier – and tastier.
The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of Illinois on behalf of purchasers of The Kraft Heinz Company (KHC) (“Kraft” or the “Company”) securities during the period between May 4, 2017 to February 21, 2019, inclusive (the “Class Period”). Investors who wish to become proactively involved in the litigation have until April 25, 2019 to seek appointment as lead plaintiff. If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in Kraft securities during the Class Period. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action.
is succeeding where other food giants are failing, keeping its product lineup fresh and improving margins at the same time. On Wednesday the packaged food company reported revenue and earnings per share that were ahead of analyst expectations for the quarter ended Feb. 24. Profitability also is improving, with gross margins rising by two percentage points from a year earlier to 34.4% in the quarter.
NEW YORK, March 20, 2019 -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies..
The fund, Valor Siren Ventures Fund, will later seek to raise an additional $300 million, the world's largest coffee chain said on Wednesday, ahead of its annual shareholder meeting. "We are inspired by, and want to support the creative, entrepreneurial businesses of tomorrow with whom we may explore commercial relationships down the road," Starbucks Chief Executive Officer Kevin Johnson said in a statement. Starbucks is the latest U.S. food company to invest in startups.
NEW YORK, March 19, 2019 -- Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of Health Insurance.
NEW YORK, NY / ACCESSWIRE / March 19, 2019 / Pomerantz LLP is investigating claims on behalf of investors of The Kraft Heinz Company ("Kraft Heinz" or the "Company") (NASDAQ: KHC). ...
Glancy Prongay & Murray LLP (“GPM”), a national investors rights law firm, announces that a class action lawsuit has been filed on behalf of investors that acquired The Kraft Heinz Company (“Kraft” or the “Company”) (NASDAQ: KHC) securities between May 4, 2017 and February 21, 2019, inclusive (the “Class Period”). Kraft investors have until April 25, 2019 to file a lead plaintiff motion. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to email@example.com, or visit our website at www.glancylaw.com.
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in The Kraft Heinz Company ("Kraft" or the "Company")(KHC) of the April 25, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you invested in Kraft stock or options between May 4, 2017 and February 21, 2019 and would like to discuss your legal rights, click here: www.faruqilaw.com/KHC. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org.
Norway-based Tomra Systems ASA (TMRAF)(TMRAY) is the largest manufacturer of reverse vending machines in the world. Warning! GuruFocus has detected 5 Warning Signs with TMRAF. The stock trades for 244.50 krone ($28.67), there are 147.74 million shares and the market cap is 36.1 billion krone ($4.185 billion).
I didn't think it could get much worse for Kraft Heinz (NASDAQ:KHC), but it did. Standard and Poor's put the company on CreditWatch negative for failing to file its annual report with the SEC. Down went Kraft Heinz stock hitting a 52-week and all-time low. Source: Mike Mozart via FlickrInvestorPlace - Stock Market News, Stock Advice & Trading TipsIf there was any doubt that KHC was in the fight of its life, yesterday's dressing down by the credit rating agency is a glaring illustration of how far it has fallen in the past 12-24 months. So, why then did I recently pen 7 Reasons Kraft Heinz Stock Is a Contrarian Buy?Because despite everything, I do believe that Kraft Heinz can be turned around -- but only if these three things are done by the end of 2019. Restore the Balance SheetCompanies that get put on CreditWatch negative are often downgraded (50% chance) within 90 days of going in the credit rating doghouse. While the optics of a $39 billion market cap getting downgraded stings, the financial implications are much worse. In the case of Kraft Heinz, it has way too much debt. As I stated in my February article about Kraft Heinz stock being a contrarian buy, the company has long-term debt of $30.9 billion and just $1.1 billion in cash. With almost no free cash flow, it's going to have to sell some of its brands to pay down debt. * 7 Financial Stocks to Invest In Today Consider this, while Kraft Heinz's long-term debt is 79% of its market cap, General Mills (NYSE:GIS) has $12.2 billion in long-term debt or 43% of its market cap. Despite making a game-changing acquisition of Blue Buffalo last year for an eye-popping $8 billion, its balance sheet is still much stronger than Kraft Heinz's. Get that down below 50% and investors will warm to Kraft Heinz stock. Fire the CEOI read a great article recently by Forbes contributor Rober Wolcott that talks about Kraft Heinz's controlling owners, 3G Capital, needing to step up to the plate and lead with courage. Walcott wrote March 15:"It's not too late for Kraft Heinz. I personally know some talented executives still with the company. Their iconic brands haven't vanished, but even icons need to continually earn relevance.…To return to growth, Kraft Heinz must turn their cost obsession into prudence and recognize that long-term prosperity requires long-term investment."Easier said than done. Once a cost cutter, always a cost cutter. However, if it doesn't want to lose investors completely, it's got to reverse course immediately. The best way to do that is to fire existing CEO Bernardo Hees, a 3G lieutenant, and replace him with someone who's got a long history of product innovation and rarely if ever worked for a cost cutter.As former Unilever (NYSE:UN) CEO Paul Polman said in 2017:"Any CEO can decide to think long term. I think it is courageous leadership that is missing."Wolcott's right. Kraft Heinz is missing courageous leadership. It needs that now more than ever. Focus on Power BrandsProcter & Gamble (NYSE:PG) did it. Diageo (NYSE:DEO) did. Church & Dwight (NYSE:CHD) has always done it. So, there's no doubt that Kraft Heinz can do it. With a little leadership, of course. First, I would identify the top brands by revenues and operating profits. There's no point putting money and effort into a brand that's only got $200 million in sales and is barely profitable. On the other hand, a brand with the same amount of revenue, but good growth prospects and higher operating profits, is worth keeping.Secondly, I wouldn't hesitate to sell both the Kraft and Heinz brands if the writing is on the wall. That said, I doubt either brand is ready for the trash bin. But don't be afraid to make the big decisions even if it means giving up part of your history. Third, I would pour more money into Springboard, Kraft Heinz's platform for growth. 3G Capital are private equity investors. They, more than most, should understand the idea of making an acquisition that becomes the foundational piece of a new growth platform. Little investments can grow into big ones over time. Think 10-20 years down the road and innovation becomes an everyday thought. The Bottom Line on Kraft Heinz StockWarren Buffett, who I respect immensely, has fallen down on the job when it comes to Kraft Heinz. Not so much because of the losses his company's taken as a result of Kraft Heinz's deteriorating business, but because he's failed to push for change when change is so obviously needed. * Top 7 Service Sector Stocks That Will Pay You to Own Them He's a loyal person so that might be tough but if Kraft Heinz doesn't do all of the above -- and soon -- it's long-term health is very much in question. 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 * 7 Financial Stocks to Invest In Today * 7 Single-Digit P/E Stocks With Massive Upside * 5 Chip Stocks on the Rise Compare Brokers The post Kraft Heinz Needs to Do These 3 Things Right Now appeared first on InvestorPlace.
STNE Stands Out in Berkshire Hathaway’s PortfolioStoneCoStoneCo (STNE) had risen 22.0% today as of 11:10 AM Eastern Time. The company released its earnings yesterday and crushed analysts’ estimates. Berkshire Hathaway (BRK-B) is StoneCo’s
NEW YORK, March 19, 2019 -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies..
SAN FRANCISCO, March 19, 2019 -- Hagens Berman Sobol Shapiro LLP reminds investors in Kraft Heinz Company (NASDAQ: KHC) of the April 25, 2019 Lead Plaintiff deadline in the.
What to Expect from McCormick’s First-Quarter Results(Continued from Prior Part)Analysts remain on the sidelines The anticipated slowdowns in McCormick & Company’s (MKC) sales and earnings growth rates have kept analysts on the sidelines.
Law Offices of Howard G. Smith reminds investors of the April 25, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased The Kraft Heinz Company (“Kraft Heinz” or the “Company”) (NASDAQ: KHC) securities between May 4, 2017 and February 21, 2019, inclusive (the “Class Period”). Kraft Heinz investors have until April 25, 2019 to file a lead plaintiff motion.