The Kraft Heinz Company (KHC)
| Market Cap | 43.95B |
| Revenue (ttm) | 26.56B |
| Net Income (ttm) | 2.82B |
| Shares Out | 1.21B |
| EPS (ttm) | 2.29 |
| PE Ratio | 15.80 |
| Forward PE | 11.65 |
| Dividend | $1.60 (4.42%) |
| Ex-Dividend Date | Jun 6, 2024 |
| Volume | 6,138,689 |
| Open | 36.67 |
| Previous Close | 36.49 |
| Day's Range | 36.11 - 36.70 |
| 52-Week Range | 30.68 - 39.34 |
| Beta | 0.65 |
| Analysts | Buy |
| Price Target | 39.54 (+9.26%) |
| Earnings Date | May 1, 2024 |
About KHC
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands. It sells its products through its own sales organizatio... [Read more]
Financial Performance
In 2023, KHC's revenue was $26.64 billion, an increase of 0.59% compared to the previous year's $26.49 billion. Earnings were $2.86 billion, an increase of 20.82%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for KHC stock is "Buy." The 12-month stock price forecast is $39.54, which is an increase of 9.26% from the latest price.
News
Capri Sun Goes Beyond the Pouch: Launches New Multi-Serve Format with 32 Pouches' Worth of Classic Fruit Punch Flavor
CHICAGO--(BUSINESS WIRE)--For years, Capri Sun fans have called for a larger serving size to enjoy even more of their childhood favorite drink. In fact, between 2020 and 2023, a staggering 76 percent ...
Kraft Heinz exploring sale of Oscar Mayer brand that could be worth up to $5 billion: Wall Street Journal
Kraft Heinz Co. has hired financial advisers to help explore a possible sale of its Oscar Mayer unit, which makes hot dogs, cold cuts and bacon, the Wall Street Journal reported Monday, citing people ...
Kraft Heinz exploring sale of Oscar Mayer business, WSJ reports
Kraft Heinz is exploring a sale of its Oscar Mayer meats business that could fetch anything between $3 billion to $5 billion, the Wall Street Journal reported on Monday, citing people familiar with th...
Kraft Heinz Explores Sale of Oscar Mayer
The famed hot-dog business could fetch between $3 billion and $5 billion.
Bagel Bites is Back! Beloved Brand Returns to Canadian Grocery Shelves Nationwide
TORONTO--(BUSINESS WIRE)--Back by popular demand, Bagel Bites, the beloved oven-baked snack, announced its return to Canadian shelves. The fan-favourite bite-sized snack is back to offer the same deli...
Oscar Mayer's New Stuffed Dogs Bring Bold Flavors and Crave-Worthy Cheese to Grocery Store Shelves
CHICAGO & PITTSBURGH--(BUSINESS WIRE)--Oscar Mayer®, the brand dedicated to uniting millions around a love of meat, today introduces its new Stuffed Dogs line to grocery retailers nationwide. Now more...
Kraft Heinz Sales Dip as Lower-Income Consumers Feel Squeezed
Cautious lower-income consumers and slower restaurant sales are squeezing Kraft Heinz. The packaged food product company on Wednesday (May 1) released earnings showing a 1.2% drop in sales, driven by ...
Kraft Heinz Stock Drops As Higher Prices Eat Into Demand
Higher prices weighed on demand for Kraft Heinz (KHC) products, and shares dropped over 6% in early trading Wednesday after the food and beverage giant reported first-quarter results that missed analy...
Kraft Heinz's stock drops after profit matches expectations but sales fell a bit shy
Shares of Kraft Heinz Co. KHC, -0.10% fell 4.2% in premarket trading Wednesday, after the food and beverage brands company matched first-quarter profit expectations but fell shy on sales, as volume de...
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 First Quarter 2024 Results
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) today reported financial results for the first quarter of 2024. “I'm pleased that our stra...
VELVEETA Unveils its First-Ever, Ready-to-Eat Queso in Three Cheesy Flavors
CHICAGO & PITTSBURGH--(BUSINESS WIRE)--Today, VELVEETA, the iconic cheese brand known for its supremely creamy texture that satisfies cravings, announces its first-ever Queso offering. Allowing fans t...
Kraft Heinz's CEO Is a Health Nut. Can He Remake a Processed-Food Giant?
The new CEO explains his lifestyle and his company's approach to ketchup and Lunchables
Kraft Heinz's mio Launches TAP: First-Ever Faucet that Instantly Turns Tap Water into an Energy Drink
CHICAGO--(BUSINESS WIRE)--Say no more to cell phone chains and micro purses - the latest accessory infiltrating younger generations? Energy drinks. As the energy drink category has surged by 71 percen...
3G Capital quietly exited its Kraft Heinz investment last year
3G Capital, which helped to engineer the Kraft Heinz merger, had seen its influence at the company wane.
The Kraft Heinz Company Foundation Commits $15 Million Over Three Years to Rise Against Hunger to Provide 463 Million Meals to People in Need
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--Today, The Kraft Heinz Company Foundation announces an extended three-year partnership and $15 million commitment to Rise Against Hunger, an international nonpro...
The Kraft Heinz Company to Report First Quarter 2024 Results on May 1, 2024
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz”) will release its first quarter 2024 financial results on Wednesday, May 1, 2024. A press release and supple...
Yes, Chef! KRAFT Unveils New Line of Restaurant-Worthy Creamy Sauces
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--Today, the iconic KRAFT brand adds five delicious aiolis and sauces to its diverse product portfolio with the new Creamy Sauces line. Creamy Sauces marks the fir...
Lunchables® is Back! After Fifteen Years, the Brand Returns to Canadian Shelves to Inspire Creativity and Power Kids Forward
TORONTO--(BUSINESS WIRE)--After fifteen years, Lunchables® today announced its long-awaited return to Canadian shelves. The fan-favourite lunch kit is returning to Canada to offer the same delicious t...
Kraft Heinz Seeks to Reduce Carbon Emissions by Over 99% Across 10 U.S. Plants With Help from a $170 Million Investment from U.S. Department of Energy
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--$170 million investment from U.S. Department of Energy will help Kraft Heinz implement clean energy projects at 10 of the Company's U.S. plants.
The Kraft Heinz Not Company Introduces KD NotMacandCheese: The First Plant-Based Offering from KD
TORONTO--(BUSINESS WIRE)--Today, The Kraft Heinz Not Company LLC launched KD NotMacandCheese, the first plant-based KD offering. This marks the first Canadian brand to launch a product out of the join...
Hot Dog! The Kraft Heinz Not Company Launches First-Ever, Plant-Based Oscar Mayer Hot Dogs and Sausages
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Not Company debuts Oscar Mayer NotHotDogs and NotSausages, the first plant-based meat innovations from the joint venture.
Kraft Heinz to Highlight Path to Deliver Consistent Profitable Growth at 2024 CAGNY Conference
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) will present today at the 2024 Consumer Analyst Group of New York (CAGNY) Conference. CEO ...
Fill Your Easter Basket with Egg-citing New Treats from Frankford Candy
New gift sets from PEEPS® and Kellogg's® Rice Krispies® candy hit retailer shelves nationwide this season PHILADELPHIA , Feb. 15, 2024 /PRNewswire/ -- Frankford Candy, the leader in manufacturing and ...
Why food inflation is a challenge for Kraft-Heinz
Shares of Kraft Heinz (KHC) are down Wednesday morning after the company posted fourth-quarter revenue that missed expectations. It was the third straight quarter revenue fell short of estimates.