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The Latest Breaking News from KHC

Saudis ‘second largest investors’ in Twitter after Musk takeover

KHC and the private office of Prince Alwaleed bin Talal are jointly the second largest investors after Elon Musk.

Al Jazeera

Coke and Pepsi Could be Healthy Choices (for Your Portfolio)

The S&P Food & Beverage Select Industry Index has seen modest declines compared with the sharp drop for the S&P 500 so far this year.

The Street

Kraft Heinz Inks Power Purchase Pact With Berkshire Hathaway Energy Business

Kraft Heinz Co (NASDAQ:KHC) has signed a virtual power purchase agreement with BHE Renewables, a Berkshire Hathaway Inc (NYSE: BRK-A) Energy business. Under the agreement, BHE will provide power from renewables to Kraft Heinz's operations within the U.S. The facilitation is part of Kraft Heinz's aim to procure most of its electricity from renewable sources…

Benzinga

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Kraft Heinz Procures Wind Energy From Repsol

Kraft Heinz Co (NASDAQ:KHC) has signed a power purchase agreement with the Madrid-based energy company Repsol S.A. (OTC:REPYY). The financial terms were not disclosed. The twelve-year agreement is the company’s first investment in wind energy and aligns with its vision of sourcing a major part of its electricity from renewable sources by 2025. Kraft Heinz…

Benzinga

Kraft's Macaroni And Cheese Gets New Name & Look

Kraft Heinz Co (NASDAQ:KHC) said its famous comfort food, Kraft Macaroni and Cheese is being renamed Kraft Mac & Cheese. The new brand identity also includes an updated logo and noodle smile. The blue box will now feature just a single-color hue of blue. “We know that people aren't turning to comfort food…

Benzinga

Why Kraft Heinz Shares Are Falling Today

The Kraft Heinz Co (NASDAQ: KHC) shares are trading lower Thursday following bearish analyst coverage from UBS.

Benzinga

Saudi PIF Acquires 16.8% of Kingdom Holding Company

The Saudi Public Investment Fund has acquired 625 million shares of the Kingdom Holding Company (KHC), representing 16.87 percent, with a total value of 5.6 billion riyals ($1.5 billion).

Asharq Al-Awsat

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Kraft Heinz vs. Campbell Soup: Which Stock is a Better Buy on the Dip?

Stable demand for packaged food should allow food makers to pass on rising input costs to customers and stay resilient amid these uncertain times. Therefore, the performances of Kraft Heinz (KHC) and Campbell Soup (CPB) are expected to rebound from today’s dip. But which of these stocks is a better…

StockNews.com

4 Analysts Have This to Say About Kraft Heinz

Kraft Heinz (NASDAQ:KHC) has observed the following analyst ratings within the last quarter:

Benzinga

Kraft Heinz Q1 Earnings Beat Street View

Kraft Heinz Co (NASDAQ:KHC) reported a first-quarter FY22 sales decline of 5.5% year-on-year to $6.04 billion, beating the consensus of $5.83 billion. Sales in the U.S. fell 8.5% Y/Y, International rose 3.6%, and Canada fell 1.5%. Gross profit decreased by 12.3% Y/Y to $1.9 billion, with the margin contracting 250 points to 31.9%.…

Benzinga

Kraft Heinz: Q1 Earnings Insights

Kraft Heinz (NASDAQ:KHC) reported its Q1 earnings results on Wednesday, April 27, 2022 at 08:00 AM. Here's what investors need to know about the announcement.

Benzinga

Earnings Preview: Kraft Heinz

Kraft Heinz (NASDAQ:KHC) is set to give its latest quarterly earnings report on Wednesday, 2022-04-27. Here's what investors need to know before the announcement. Analysts estimate that Kraft Heinz will report an earnings per share (EPS) of $0.53.

Benzinga

Kraft Heinz Inks Multi-Year Cloud, AI Agreement With Microsoft

Kraft Heinz Co (NASDAQ:KHC) has partnered with Microsoft Corp (NASDAQ:MSFT) to develop digital solutions for the supply chain process. The multi-year cloud and AI agreement will focus on joint innovations across Kraft Heinz operations and product portfolios. Kraft Heinz will migrate most of its global data center assets to the Microsoft Azure cloud platform and…

Benzinga

Irwin Naturals Adds Five Ketamine Facilities Toward Goal To Become World's Largest Mental Health Treatment Chain

With the goal of becoming the world’s largest chain of psychedelic mental health clinics, Irwin Naturals Inc. (OTCQB: IWINF) announced the acquisition of five ketamine treatment clinics in Florida and a partnership contract with two clinics in Mexico.

Benzinga

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Benzinga

Kraft Heinz Completes Acquisition Of Brazilian Food Company Hemmer

Kraft Heinz Co (NASDAQ:KHC) has completed its acquisition of a majority stake in Companhia Hemmer Indústria e Comércio (Hemmer), a Brazilian food company. The deal was closed following approval from CADE (Brazil's Administrative Council for Economic Defense), Brazil's antitrust body. The company expects the transaction to expand its International Taste Elevation platform, focusing on…

Benzinga

A Bullish Sign Appears On Kraft Heinz's Chart

If history is any guide, there may be good fortune ahead for shares of Kraft Heinz (NASDAQ:KHC). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.

Benzinga

Unilever, Kraft Heinz Suspend Exports, Investments In Russia

Food and beverage company Kraft Heinz Co (NASDAQ:KHC) has suspended all new investments in Russia and also all imports and exports of products. Kraft Heinz said it continues to closely assess the humanitarian crisis in Ukraine. Consumer goods giant Unilever PLC (NYSE:UL) has halted all imports and exports of its products in Russia in addition to…

Benzinga

Where Kraft Heinz Stands With Analysts

Within the last quarter, Kraft Heinz (NASDAQ:KHC) has observed the following analyst ratings:

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StockNews.com

Kraft Heinz vs. General Mills: Which Food Stock is a Better Buy?

Despite inflationary pressures and supply chain bottlenecks, steady demand for packaged food products and new product launches should benefit prominent food companies Kraft Heinz (KHC) and General Mills (GIS). But which of these stocks is a better buy now? Let’s find out.

Benzinga

Kraft Heinz Steps Up Product Portfolio Transformation Via NotCo JV

Kraft Heinz Co (NASDAQ:KHC) has formed a joint venture (JV) with food tech start-up TheNotCompany Inc (NotCo). The financial terms were not disclosed. The JV will leverage NotCo's artificial intelligence (AI) solutions and Kraft Heinz's brand portfolio and scale to develop plant-based versions of co-branded products. The JV will operate under the control of…

Benzinga

Kraft Heinz Stock Gains On Q4 Earnings Beat

Kraft Heinz Co (NASDAQ:KHC) reported a fourth-quarter FY21 sales decline of 3.3% year-on-year, to $6.71 billion, beating the analyst consensus of $6.61 billion. Sales in the U.S. fell 6.8% Y/Y, International rose 6.5%, and Canada increased 5.2%. The gross profit decreased by 14.3% Y/Y to $2.2 billion, with the margin contracting 410 points…

Benzinga

Oscar Mayer Launches Bologna-Inspired Face Mask

Kraft Heinz Co (NASDAQ:KHC) owned meat and cold cut production company Oscar Mayer has launched a bologna-inspired face mask. The rejuvenating face masks that resemble bologna are limited edition and available for purchase on Amazon.com Inc (NASDAQ:AMZN) for $5 each. The company said the face masks are a hydrating and restoring hydrogel that promote skin elasticity,…

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