AllAnalyst Report
logoArgusFebruary 16, 2021

The Kraft Heinz Company: Kraft-Heinz ends 2020 with improving financial strength

Symbols
KHC
Sector(s)
Consumer Defensive
Rating
Current Price
$41.05
Price Target
$NaN
Earnings Estimate
Summary

Kraft Heinz has headquarters in Pittsburgh and Chicago. It is one of the largest food and beverage companies in the world, with 2020 sales of $26.2 billion. Its leading brands include Heinz, Kraft, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Cool Whip, and Jell-O. The company was formed through the merger of Kraft Foods and H.J. Heinz on July 2, 2015. (Heinz was previously owned by Berkshire Hathaway and 3G Global Food Holdings LP.) Berkshire Hathaway has a 27% stake in the company and maintains three board seats. The company's fiscal year ends on the last Saturday of December. In 2020, KHC announced a plan to sell Planters and the nut business. Kraft Heinz had three geographic segments in 2020: the United States (73% of 2020 net sales); Canada (7%); International (20%). By product category, Condiments represent 26% of sales, Cheese and dairy 20%, Ambient foods 10%, Frozen foods, 9% and Meats 10%. (Ambient food is food that would normally be refrigerated, but that has been processed so that it can be stored at room temperature.) We will update this after we review the Annual Report.

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Analyst Profile

Chris Graja, CFA

Senior Analyst: Retail
Chris covers the Consumer sector for Argus. He was the #1 Stock Picker in the Household Durables sector, winning the 2019 StarMine U.S. Analyst award from Refinitiv. He was the #1 Stock Picker in Food and Staples Retailing, winning back-to-back U.S. Analyst Awards in 2015 and 2016. He received a prestigious Volunteer of the Year award from the New York Society of Security Analysts in 2000. Prior to Argus, Chris spent 16 years at Bloomberg Financial Markets. He was the Director of Training and a Senior Researcher for Bloomberg’s research division before joining the new Bloomberg magazine as Technical Studies Editor in 1993. He rose to Executive Markets Editor of the publishing group. Chris co-authored the book “Investing in Small-Cap Stocks,” which was published in three U.S. editions, an audio book, and two Chinese editions. Chris earned an MBA from Rutgers University. He is a CFA charterholder.