The Kraft Heinz Company (KHC)
| Market Cap | 45.36B |
| Revenue (ttm) | 27.16B |
| Net Income (ttm) | 2.99B |
| Shares Out | 1.23B |
| EPS (ttm) | 2.42 |
| PE Ratio | 15.28 |
| Forward PE | 12.34 |
| Dividend | $1.60 (4.33%) |
| Ex-Dividend Date | Nov 30, 2023 |
| Volume | 5,537,909 |
| Open | 36.66 |
| Previous Close | 36.74 |
| Day's Range | 36.64 - 37.03 |
| 52-Week Range | 30.68 - 42.80 |
| Beta | 0.72 |
| Analysts | Buy |
| Price Target | 40.00 (+8.17%) |
| Earnings Date | Feb 14, 2024 |
About KHC
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company also offers spices and other seasonings. It sells its products through its own sales organizations, as well as through independent brokers, agents, and distributors to chain, wholesale, cooperative, and independent... [Read more]
Financial Performance
In 2022, KHC's revenue was $26.49 billion, an increase of 1.70% compared to the previous year's $26.04 billion. Earnings were $2.36 billion, an increase of 133.50%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for KHC stock is "Buy." The 12-month stock price forecast is $40.0, which is an increase of 8.17% from the latest price.
News
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Weight loss drugs' impact on food stocks so far
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Kraft Heinz's MiO Provides ‘Insurance' to Compensate for Unwanted Side Effects of Traditional Energy Drinks
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The pressure of keeping up with school and work, while living on their own for the first time, has driven Gen-Z's reliance on energy drinks to rise. While the en...
Kraft Heinz watershed moment moves the needle for investors
Kraft Heinz's NASDAQ: KHC Q3 results were met with the same lack of enthusiasm as they've seen for the last year. While the news aligns with the long-term outlook for operational improvement, growth, ...
Kraft Heinz launches first plant-based mac & cheese in the U.S.
Kraft Heinz Co. KHC said Wednesday it is launching its first plant-based mac & cheese in the U.S. via its joint venture with TheNotCompany called The Kraft Heinz Not Company LLC. The new dish is avail...
The Kraft Heinz Not Company Launches First-Ever, Plant-Based KRAFT Mac & Cheese
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Not Company launches KRAFT NotMac&Cheese, the first-ever, plant-based KRAFT Mac & Cheese in the United States.
Predictive and Generative AI Leader SymphonyAI Announces Recognition of Kraft Heinz, METRO, and K-VA-T Food Stores As SymphonyAI Tempo Award Winners for Innovations in Retail
PALO ALTO, Calif.--(BUSINESS WIRE)--SymphonyAI today announced that The Kraft Heinz Company, METRO and K-VA-T Food Stores are the winners of the SymphonyAI Retail CPG Tempo Awards.
BetterInvesting™ Magazine Update on RTX Corp. and Kraft Heinz Co.
TROY, Mich. , Nov. 27, 2023 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced RTX Corp. (NYSE:RTX) as its "Stock to Study" and Kraft He...
Three-Stock Lunch: Affirm, Kraft Heinz and Pinterest
Michael Landsberg, Landsberg Bennett Private Wealth Management CIO, joins 'Power Lunch' to discuss three stocks- Affirm, Kraft Heinz and Pinterest.
Kraft Heinz authorizes $3B in share repurchase after ‘milestone' quarter
The Kraft Heinz board of directors has approved up to $3 billion in a share repurchase program, the maker of ketchup and mac and cheese announced Monday.
Kraft Heinz board approves $3 billion share buyback program
Kraft Heinz Co.'s KHC board has approved a share buyback program of up to $3 billion, the company said Monday. The news comes after the food company met its net leverage target of about 3.0times in th...
Kraft Heinz Board Authorizes Share Repurchase Program
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) today announced that the Board of Directors approved a share repurchase program authorizin...
Slow and Saucy: Heinz® unveils the Slowmaster 57 - The world's first ketchup racetrack where speed takes a backseat and true quality finishes last!
DUBAI, UAE, Nov. 27, 2023 /PRNewswire/ -- As the world's fastest cars speed around the Yas Marina Circuit at over 200mph for the finale of the F1 season, Heinz® has proved that finishing slowest is a ...
3 undervalued food stocks to be grateful for this holiday season
With the S&P 500 index less than 300 points from setting a new all-time high, many equity valuations are as stretched as a waistband after Thanksgiving dinner. Look no further than some of the year's ...
Kraft Heinz Announces Updates to Executive Leadership Team
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--Today, The Kraft Heinz Company (Nasdaq: KHC) (the “Company” or “Kraft Heinz”) announced new members of its Executive Leadership Team that will partner with Carlo...
Kraft Heinz upgraded to 'Outperform' by Bernstein analysts
Kraft Heinz Company (KHC) received an upgrade from Bernstein on Tuesday, with analysts moving the stock from a "Perform" rating up to an "Outperform" rating. Bernstein also raised Kraft Heinz's price ...
Kraft Heinz and J.M. Smucker win upgrades as analysts say weight-loss drug-driven fears are overdone
Bernstein analysts upgraded Kraft Heinz Co.'s stock KHC, +1.06% to outperform from market perform on Tuesday, and upgraded J.M. Smucker Co. SJM, -0.50% to market perform from underperform and said the...
It's a Big Dill: HEINZ To Launch New Pickle Ketchup Nationwide
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--HEINZ® Ketchup and pickles have proudly sat side-by-side on burgers and hot dogs across America for over 150 years. There is something irresistible about the com...
Kraft Heinz's Carlos Abrams-Rivera on the consumer, Taylor Swift-inspired sauce
Kraft Heinz Incoming CEO Carlos Abrams-Rivera speaks with CNBC's Becky Quick about what he's seeing from consumers, new product based on Taylor Swift, and more.
Kraft Heinz stock still moving despite mixed Q3 results
Kraft Heinz (KHC) stock is trending up despite missing third-quarter revenue expectations. The company also announced a change in its 2023 fiscal year guidance, expecting organic net sales growth of 4...
Kraft Heinz stock jumps after profit beat and raised outlook, while sales came up short
Shares of Kraft Heinz Co. KHC rallied 1.7% in premarket trading Wednesday, after the consumer food and beverage giant topped third-quarter profit expectations and lifted its full-year outlook, while s...
The Kraft Heinz Company Declares Regular Quarterly Dividend of $0.40 Per Share
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) announced today that the Company's Board of Directors declared a regular quarterly dividend of $0.40 per share of common st...
Kraft Heinz Reports Third Quarter 2023 Results
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) today reported financial results for the third quarter of 2023. “Our third quarter results...
Kraft Heinz Releases 2023 Environmental Social Governance Report, Revealing Continued Progress Toward Goals Across Three Priority Pillars
Company progresses against its goals related to achieving net-zero greenhouse gas emissions, strengthening diversity, equity, inclusion, and belonging, addressing global hunger, and more Developed inn...
Pricing power seems to be more important for food stocks than GLP-1 drugs, says Evercore's Palmer
David Palmer, restaurant and packaged food analyst at Evercore ISI, joins 'Squawk on the Street' to discuss whether clients are asking about the impact of GLP-1 drugs, which company stocks have been w...