The Kraft Heinz Company (KHC)
Market Cap | 46.57B |
Revenue (ttm) | 26.64B |
Net Income (ttm) | 2.86B |
Shares Out | 1.21B |
EPS (ttm) | 2.31 |
PE Ratio | 16.64 |
Forward PE | 12.52 |
Dividend | $1.60 (4.17%) |
Ex-Dividend Date | Mar 7, 2024 |
Volume | 2,321,082 |
Open | 37.95 |
Previous Close | 38.37 |
Day's Range | 37.96 - 38.47 |
52-Week Range | 30.68 - 41.47 |
Beta | 0.67 |
Analysts | Buy |
Price Target | 39.54 (+3.01%) |
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 3.01% from the latest price.
News
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.
Kraft Heinz Sales Dip As Shoppers Make ‘Smaller Trips'
From dollar store shoppers to wealthier club store members, consumers are seeking value. So said Kraft Heinz CEO Carlos Abrams-Rivera, addressing his company's 7.1% quarterly sales drop during an earn...
Kraft Heinz (KHC) Sees Organic Net Sales Flat To Up 2%
Kraft Heinz's (KHC) 4Q adjusted EPS came in at $0.78 versus an estimated $0.77 and revenue came in at $6.86B versus an estimated $6.97B. Morningstar's Erin Lash and TD Cowen's Rob Moskow discuss these...
Kraft Heinz CEO: Our emerging markets are growing double digits
Kraft Heinz CEO Carlos Abrams-Rivera joins 'Money Movers' to discuss the company's quarterly earnings results, whether the North American consumer will trace prices to the downside, and more.
AKAM, KHC Slide After Earnings, MGM Drops, & HPQ Upgraded
MGM Resorts (MGM) drops despite a rebound in China revenues. Jeff Pierce discusses this, along with how Akamai Technologies (AKAM) shares fall after revenue misses.
Kraft Heinz tops profit views but misses on sales, as volume fell more than prices were raised
Shares of Kraft Heinz Co. KHC were little changed premarket trading Wednesday, food, condiment and beverage company topped fourth-quarter profit expectations but fell short on sales, as volume fell mo...
Kraft Heinz misses fourth-quarter sales estimates
Kraft Heinz missed market expectations for fourth-quarter sales on Wednesday, as higher prices weighed on demand for its soups, sauces and meat cold cuts.
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 Fourth Quarter and Full Year 2023 Results
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) today reported financial results for the fourth quarter and full year 2023. “I'm proud of ...
Kraft Heinz Partners With Carlton Power to Deliver Company's First-Ever Renewable Green Hydrogen Project in the UK
LONDON & WIGAN, England--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz”) has signed an agreement with Carlton Power, the UK energy infrastructure development company, to study t...
The Kraft Heinz Company to Report Fourth Quarter and Full Year 2023 Results on Feb. 14, 2024; Leadership to Present at 2024 CAGNY Conference on Feb. 21, 2024
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz”) will release its fourth quarter and full year 2023 financial results on Wednesday, Feb. 14, 2024. A press r...
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Weight loss drugs' impact on food stocks so far
Yahoo Finance selected pharmaceutical firm Novo Nordisk (NVO) as it's 2023 Company of the Year. Developer of obesity medications Wegovy and Ozempic, Novo Nordisk stock has gained over 40% year-to-date...
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...