KHC - The Kraft Heinz Company

NasdaqGS - NasdaqGS Real-time price. Currency in USD
28.41
+0.05 (+0.18%)
At close: 4:00PM EDT

28.35 -0.06 (-0.21%)
Pre-market: 8:00AM EDT

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Previous close28.36
Open28.30
Bid28.35 x 1400
Ask28.42 x 4000
Day's range28.10 - 28.56
52-week range24.86 - 58.08
Volume9,371,913
Avg. volume8,731,318
Market cap34.66B
Beta (3Y monthly)1.22
PE ratio (TTM)N/A
EPS (TTM)-9.10
Earnings date30 Oct. 2019 - 4 Nov. 2019
Forward dividend & yield1.60 (5.64%)
Ex-dividend date2019-08-20
1y target est28.39
Trade prices are not sourced from all markets
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    Yahoo Finance

    PREMIUM: Check any stock chart for Technical Events to get instant insight

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  • Company News For Sep 18, 2019
    Zacks

    Company News For Sep 18, 2019

    Companies in the news are: CMG, GLW, KHC, KLAC

  • Financial Times

    Race is on to salvage WeWork IPO as billions hang in the balance

    One NYC reader event to start: join DD’s James Fontanella-Khan and Arash Massoudi on October 2 for a discussion with top M&A experts on how US national security took over dealmaking. The evening reception, at the FT’s New York office, is in high demand so please register your interest here and we will notify you within the week if you have been allocated a place.

  • KHC Stock: 3G Capital Trims Stake, Will Buffett Follow?
    Market Realist

    KHC Stock: 3G Capital Trims Stake, Will Buffett Follow?

    Kraft Heinz (KHC) stock fell about 4% in the pre-market session. 3G Capital Partners continued to reduce its stake in the company.

  • Investing.com

    Stocks - Wall Street Slightly Lower as Fed Meeting Kicks Off

    Investing.com – Wall Street ticked lower on Tuesday as stronger-than-expected industrial production and manufacturing output figures put another dent in hopes for a rate cut from the Federal Reserve, whose regular policy meeting kicks off later.

  • Investing.com

    Stocks - Kraft, Corning, Anheuser-Busch Fall Premarket

    Investing.com - Stocks in focus in premarket trading on Tuesday:

  • Investing.com

    NewsBreak- Kraft Heinz Slumps After 3G Cuts Stake

    Investing.com - Shares of Kraft Heinz (NASDAQ:KHC) slipped in premarket trade on Tuesday after its second-largest investor reduced its stake in the company.

  • Financial Times

    Kraft Heinz shares fall after 3G Capital cuts stake

    3G Capital, the Brazilian-US investment group, has reduced its stake in Kraft Heinz as the food company grapples with multibillion-dollar writedowns and falling sales. Securities filings show that 3G, which created the food business in a 2015 merger of Kraft and Heinz that was backed by Warren Buffett, sold $713m worth of stock this week.

  • WBA and KHC Stocks Cost Investors despite Recovery
    Market Realist

    WBA and KHC Stocks Cost Investors despite Recovery

    KHC and WBA stocks have cost investors dearly. Warren Buffett’s Berkshire Hathaway has suffered for being Kraft Heinz's biggest shareholder.

  • Kraft Heinz (KHC) Gains As Market Dips: What You Should Know
    Zacks

    Kraft Heinz (KHC) Gains As Market Dips: What You Should Know

    In the latest trading session, Kraft Heinz (KHC) closed at $29.25, marking a +0.76% move from the previous day.

  • The Zacks Analyst Blog Highlights: Berkshire Hathaway, Apple, American Express, Kraft Heinz and Teva Pharmaceutical
    Zacks

    The Zacks Analyst Blog Highlights: Berkshire Hathaway, Apple, American Express, Kraft Heinz and Teva Pharmaceutical

    The Zacks Analyst Blog Highlights: Berkshire Hathaway, Apple, American Express, Kraft Heinz and Teva Pharmaceutical

  • Buffett's Best & Worst Performing Stocks Thus Far in 2019
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    Buffett's Best & Worst Performing Stocks Thus Far in 2019

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  • Investing.com

    Stocks - U.S. Futures  Flat as China Pressures U.S. Farmers

    Investing.com - U.S. futures were mostly flat on Wednesday as China disappointed hopes of major exemptions from tariffs for U.S. agricultural exporters and President Donald Trump renewed his attack on the Federal Reserve.

  • Financial Times

    The UK’s unpredictable attitude to foreign bids

    and triggered a round of soul-searching in the UK about foreign takeovers, national champions, and milk chocolate. If anything, though, the UK government’s attitude to such bids is shrouded in deeper uncertainty than it was in 2009. At the time, Kraft was a US food and beverage conglomerate, with brands ranging from Philadelphia cream cheese to Oreo cookies.

  • Kraft Heinz and General Mills: Not Looking Tasty
    Motley Fool

    Kraft Heinz and General Mills: Not Looking Tasty

    These longtime consumer staples giants may not be the best picks for your portfolio.

  • Kraft (KHC) Down 3.3% Since Last Earnings Report: Can It Rebound?
    Zacks

    Kraft (KHC) Down 3.3% Since Last Earnings Report: Can It Rebound?

    Kraft (KHC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Kraft Heinz: What Are Warren Buffett’s Options?
    Market Realist

    Kraft Heinz: What Are Warren Buffett’s Options?

    Kraft Heinz stock has fallen more than 35% this year. Despite the lower stock price, Warren Buffett hasn’t added or sold Kraft Heinz shares.

  • Should You Buy or Sell Kraft Heinz Right Now?
    Motley Fool

    Should You Buy or Sell Kraft Heinz Right Now?

    Shares of the packaged-food giant might have reached a rock bottom but there are some positive signs on the horizon.

  • Kraft Heinz Stock Fell 20% in August: What’s Next?
    Market Realist

    Kraft Heinz Stock Fell 20% in August: What’s Next?

    Kraft Heinz stock fell about 20% in August and significantly underperformed the broader markets. The stock isn't attractive despite its low valuation.

  • These 4 Stocks Have Cost Warren Buffett More Than $6 Billion in 2019
    Motley Fool

    These 4 Stocks Have Cost Warren Buffett More Than $6 Billion in 2019

    Two of Berkshire Hathaway's nearly four dozen holdings have lost more than 40% of their value this year.

  • Campbell Soup earnings — What to know in markets Friday
    Yahoo Finance

    Campbell Soup earnings — What to know in markets Friday

    Campbell Soup takes center stage when it reports quarterly results ahead of the opening bell Friday.

  • Kraft Heinz Stock Has Cost Investors This Year
    Market Realist

    Kraft Heinz Stock Has Cost Investors This Year

    This year, Kraft Heinz (KHC) stock has fallen significantly, by 41%. It has underperformed broader markets and most of its peers.

  • Bloomberg

    Kraft Heinz Brings Back Ex-CFO as Company Seeks Turnaround Plan

    (Bloomberg) -- Kraft Heinz Co. is tapping former Chief Financial Officer Paulo Basilio for a reprisal of the role as the packaged-food company seeks to rebuild its sagging business.Chief Executive Officer Miguel Patricio, who took over the top post in July, “made the strategic decision to shift to a seasoned veteran,” the company said in a filing. Basilio, 44, will take over the role on Sept. 1. Current CFO David Knopf will return to 3G Capital, the private equity firm that partnered with Berkshire Hathaway Inc. to engineer the 2015 merger that created Kraft Heinz.Knopf, who previously worked at Goldman Sachs, was 29 when he got the role of CFO at Kraft Heinz in 2017.Patricio has a big hill to climb to turn around the company, whose shares are still reeling from a $15.4 billion writedown on the value of its brands earlier this year. Internal probes have also revealed accounting issues that led the company to restate several years of earnings, and it has received a subpoena. And just Friday, S&P Global Ratings said it could downgrade Kraft Heinz to a junk credit rating by mid-2021 if it fails to reduce its debt levels.On a call with investors earlier this month, Kraft Heinz shares fell sharply after Patricio declined to offer forecasts for the company’s performance. He pledged a broad review of the business and said Kraft Heinz needs a long-term plan.“We do not view the CFO transition as surprising given the erosion of investors’ confidence, multiple impairment charges, and a tedious accounting investigation,” Wells Fargo analyst John Baumgartner wrote in a research note. “Now is a good time for a reset.”Kraft Heinz shares rose less than 1% to $25.55 on Monday in New York trading.The company, which splits its headquarters between Chicago and Pittsburgh, also named Nina Barton as chief growth officer. Barton has been serving as president of Canada and digital growth.(Adds analyst commentary in sixth paragraph and naming of chief growth officer in last paragraph.)\--With assistance from Janet Freund.To contact the reporter on this story: Jonathan Roeder in Chicago at jroeder@bloomberg.netTo contact the editors responsible for this story: Anne Riley Moffat at ariley17@bloomberg.net, Lisa Wolfson, Craig GiammonaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Kraft Heinz Would Be Third-Largest Junk Issuer If Ratings Cut
    Bloomberg

    Kraft Heinz Would Be Third-Largest Junk Issuer If Ratings Cut

    (Bloomberg) -- Kraft Heinz Co. could end up as one of the biggest junk issuers if it doesn’t tame its debt load by mid-2021.S&P Global Ratings said it could cut the packaged-food company to speculative-grade if it doesn’t boost earnings, pay down some of its more than $30 billion of long-term debt, or both. Roughly two-thirds of those borrowings currently sit in the Bloomberg Barclays high-grade company bond index, and, if cut, Kraft Heinz would be the third-largest issuer of dollar-denominated junk debt, according to data compiled by Bloomberg.For now, the company’s debt is trading around investment-grade levels, implying that investors aren’t particularly worried about a downgrade. Kraft Heinz has steps it can take to maintain its ratings, including reducing or eliminating its dividend, S&P said. That could free up as much as $2 billion of cash a year to pay down debt. The rater also said Kraft Heinz could sell assets, but those plans appear to be on hold until management completes a comprehensive strategic review, said Bloomberg Intelligence.Chief Executive Officer Miguel Patricio took the reins at Kraft Heinz this summer with a long road ahead. He inherited a company struggling to spruce up its brands and plagued by accounting issues. In his first earnings report as CEO earlier this month, Patricio suspended financial forecasts, which sent the company’s shares tumbling.Kraft Heinz, backed by Warren Buffett, has said it’s committed to maintaining its investment-grade ratings, and debt investors seem to agree: the company’s 4.625% notes due 2029 trade at a risk premium of around 1.93 percentage points, below the average level of debt at the highest junk tier, which is 2.23 percentage points.Email and voicemail messages seeking comment from Kraft Heinz weren’t returned.Fallen AngelsWith S&P joining Fitch Ratings in assigning a negative outlook, Kraft Heinz has inched closer to becoming a potential fallen angel, according to analysts at Bloomberg Intelligence. Late last year, investors had feared that a slew of high-grade issuers could cross the line into junk territory, as a decade-long binge on cheap debt has caused debt levels to soar.Many companies, looking to boost revenue in a slow growing economy, borrowed heavily at low rates to finance acquisitions, often sacrificing credit ratings in the process. That’s led to rapid growth in the lowest tier of investment-grade debt, rated BBB, where now half of the $5.8 trillion market resides.With economic growth showing signs of slowing, some of the largest investment-grade issuers have been focusing on cutting debt. AT&T Inc. chief executive officer said in January that reducing borrowings is the company’s top priority this year. Anheuser-Busch InBev NV cut its dividend. General Electric Co. has sold assets, while Mylan NV is combining with a Pfizer Inc. business.To contact the reporter on this story: Molly Smith in New York at msmith604@bloomberg.netTo contact the editors responsible for this story: Nikolaj Gammeltoft at ngammeltoft@bloomberg.net, Dan Wilchins, Nicole BullockFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Kraft Heinz Put on Notice by S&P: Cut Debt or Risk Being Junked
    Bloomberg

    Kraft Heinz Put on Notice by S&P: Cut Debt or Risk Being Junked

    (Bloomberg) -- Kraft Heinz Co. could be hit with a junk credit rating by mid-2021 if it fails to turn itself around, S&P Global Ratings said Friday.S&P said results for the maker of Kraft Macaroni & Cheese and Heinz ketchup have been weaker than it expected, and the company needs to cut debt relative to a measure of earnings. The credit grader said it is worried about the risks Kraft Heinz could face in the second half of 2019, including higher commodity costs and lower stocking at retailers.Kraft Heinz carries the lowest investment-grade rating from all three major graders. With about $30.3 billion of long-term debt outstanding, the company is among the 20 largest issuers of debt in the lowest tier of investment-grade, excluding financial companies.If Kraft Heinz were downgraded by at least two credit graders, it would fall into junk bond indexes, making it one the biggest issuers of high-yield debt. A growing number of corporations have debt rated in the lowest investment-grade tier, between BBB+ and BBB-, stoking fears from some investors that hundreds of billions of debt could fall to junk status if companies struggle.Bond PressureRisk premiums, or the extra yield investors demand for buying a company’s bonds instead of Treasuries, edged higher for some of Kraft Heinz’s most actively traded bonds on Friday. That spread rose by 0.03 percentage point for the company’s bonds maturing in 2029 with a 4.625% coupon, to 1.93 percentage point according to data provider Trace. The company’s high debt levels and doubts about the long-term success of its cost cutting efforts could pressure its bonds to weaken further, Bloomberg Intelligence analysts wrote in a note.Kraft Heinz shares had fallen 1.2% to $25.31 as of noon in New York trading. The stock had already lost 41% of its value this year through Thursday’s close.Speculative-grade ratings can make it more expensive for companies to fund daily business and harder to weather economic cycles. Warren Buffett-backed Kraft Heinz has said it’s committed to maintaining its investment-grade ratings. Email and voicemail messages to Kraft Heinz seeking comment weren’t immediately returned.Fixing ProblemsKraft Heinz is still trying to move past myriad issues that have hammered its shares this year. The company has struggled ever since its bid to buy Unilever collapsed in 2017, and in February, it announced a $15.4 billion writedown on the value of its brands and a subpoena. Its own internal investigations have also revealed accounting issues, and it had to restate results going back to 2015.As the company tries to turn things around, it announced new leadership: Longtime Anheuser-Busch InBev executive Miguel Patricio replaced Bernardo Hees as chief executive officer this summer. But he has an uphill battle ahead: He said earlier this month that Kraft Heinz needs a “comprehensive strategy,” but that he didn’t have enough confidence to issue guidance at this time. The company also withdrew its previous guidance for a key measure of results, earnings before interest, taxes, depreciation and amortization, and investors sent the shares tumbling.S&P said Kraft Heinz could take steps like boosting income, selling assets, or reducing or eliminating its dividend to reduce debt levels relative to earnings.(Updates with comment from Bloomberg Intelligence in fifth paragraph.)\--With assistance from Deena Shanker.To contact the reporters on this story: Jonathan Roeder in Chicago at jroeder@bloomberg.net;Claire Boston in New York at cboston6@bloomberg.netTo contact the editors responsible for this story: Anne Riley Moffat at ariley17@bloomberg.net, Dan Wilchins, Nicole BullockFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.