Kraft Foods
Ads
related to: kraft heinz stock price- Our Top 4 Picks for AI
Ignore AI at your own risk
How we find our real winners
- Our #1 AI Tech Stock Pick
Should You Invest in AI Now?
AI Tech Investment Alert
- 5 Stocks Under $50
Get 5 Free Stocks Under $50
Get Our "Buy" Report Today.
- Motley Fool Stock Advisor
Get Two New Stock Recommendations
Straight To Your Inbox Each Month.
- Free AI Stock Rec
Is AI Worth $1 Trillion?
AI Stocks to Buy Now
- Our Top Chip Stock
Top Semiconductor Stock
An Update on the Market
- Our Top 4 Picks for AI
Search results
Results from the Tech24 Deals Content Network
The Kraft Heinz Company (KHC), commonly known as Kraft Heinz (/ ˈ k r æ f t ˈ h aɪ n z /), is an American multinational food company formed by the merger of Kraft Foods and H.J. Heinz Company co-headquartered in Chicago and Pittsburgh.
Kraft Heinz (NASDAQ: KHC) is an attractive dividend stock for investors. It offers a high yield of 4.4%, which is more than three times the S&P 500 average of 1.4%.
Kraft was listed on the New York Stock Exchange and became a component of the Dow Jones Industrial Average on September 22, 2008, replacing the American International Group. In August 2011, the company announced plans to split into a North American grocery products business and a faster-growing global snacks company. [5]
Kraft and Heinz merger On March 25, 2015, Kraft Foods Group Inc. announced that it would merge with the H.J. Heinz Company, owned by 3G Capital and Berkshire Hathaway Inc. [17] Kraft's shares rose about 17 percent in premarket trading after the announcement of the deal, which will bring Heinz back to the public market following its takeover ...
Smith rates Kraft Heinz stock a Buy. Meanwhile, Kraft Heinz is back to doing what a packaged food company does best — creating new products that gain new shoppers.
Anyone who's ever rolled through the middle aisle of a grocery store knows the names "Kraft" and "Heinz" -- and their everyday purchases are likely boosting the profits for Kraft Heinz stock.
Kraft, whose brands include Philadelphia Cream Cheese and Heinz ketchup, said it raised prices by 3.8 percentage points in the fourth quarter when demand for its products was also robust.
The resulting Kraft Heinz Company is the fifth largest food company in the world. Berkshire Hathaway became a majority owner of Heinz on June 18, 2015. After exercising a warrant to acquire 46 million shares of common stock for a total price of over $461 million, Berkshire increased its stake to 52.5%.
Trading 20% from its highs, another food retailer investors will be watching this earnings season is Kraft Heinz (KHC). The company is set to report its Q3 earnings on October 26.
According to the CFTC, the purchase raised the price of the commodity and earned the company $5.4 million. On June 30, 2016, Mondelez made a $23 billion offer to buy its smaller rival, Hershey. The half-cash, half-stock deal valued Hershey stock at $107 a share. Hershey's board, however, unanimously rejected the offer.