|Bid||31.18 x 1200|
|Ask||31.30 x 4000|
|Day's range||30.92 - 31.50|
|52-week range||24.86 - 52.74|
|Beta (3Y monthly)||1.04|
|PE ratio (TTM)||N/A|
|Earnings date||31 Oct 2019|
|Forward dividend & yield||1.60 (4.80%)|
|1y target est||31.14|
Investing.com – Wall Street was slightly lower on Thursday as concerns about global economic slowdown and a reported snag in U.S.-China trade discussions sent a wave of worry through the market.
The world’s largest retailer’s third quarter results on Thursday showed that yet again, CEO Doug McMillon continues to pull almost all the right strings operationally.
The Brazilian-backed private equity group 3G Capital has entered the race to buy the lifts business of Thyssenkrupp, in what would be a shift away from its multibillion-dollar investments in the consumer goods industry. The sale of the elevator business could net Thyssenkrupp as much as $20bn, the people said. , which it controls along with Mr Buffett, failed to acquire Unilever in 2017.
Three-quarters of the way through 2019, Warren Buffett's conglomerate Berkshire Hathaway is trailing the renowned investor's favorite benchmark, the S&P 500 — as it's done over the past decade. Finding that next big acquisition has been hard to come by for Buffett, one reason he says Berkshire hasn't kept up with the overall market. Buffett says low interest rates have made it easier for other investors to borrow money and bid up the prices of acquisition targets.
McDonald's CEO Steve Easterbrook has been ousted after an inappropriate relationship with an employee. Here's what we know about the new guy atop the Golden Arches.
Berkshire Hathaway holds stakes in both Apple (AAPL) and Kraft Heinz (KHC). Berkshire Chair Warren Buffett has admired Apple on several occasions.
J.P. Morgan raised the target price to $34 from $28 on Kraft Heinz stock. However, analysts have a consensus target price of $28.94 on the stock.
Kraft Heinz (KHC) shows signs of improvement post third-quarter results, wherein earnings beat estimates. However, dismal sales remain a drag.
Today, Kraft Heinz posted its third-quarter earnings, which beat analysts’ consensus estimates. The revenues fell short of analysts' estimates.
Having booked billions of dollars in writedowns this year on the value of some of its most well-known brands, including bacon and cold-cuts maker Oscar Mayer, Kraft Heinz has been criticized for gutting spending on brands under a chief executive installed by No. 2 investor, Brazilian private equity firm 3G Capital. The company, whose biggest investor is billionaire Warren Buffett's Berkshire Hathaway , has reported 13 quarters of lackluster sales amid changing consumer tastes and competition from private-label brands owned by Walmart , Costco and Kroger . Newly appointed Chief Executive Miguel Patricio, who will outline a detailed plan after a strategic review of the business in 2020, said Kraft Heinz would now direct more marketing funds toward its flagship brands.
Four years after a merger that promised growth and innovation, the maker of iconic brands like Oscar Meyer, Kool-Aid and Jell-O is struggling to find its place in a rapidly changing market. Sales are faltering as consumers increasingly seeking fresh, minimally processed foods. When shoppers do buy processed foods, they're considering the growing number of store brands that compete with Kraft Heinz.
The Kraft Heinz Company today reported third quarter 2019 financial results that reflected a one-time gain on the sale of the Company's Canadian natural cheese business, lower net sales, and higher input costs.
The Board of Directors of The Kraft Heinz Company (KHC) today declared a regular quarterly dividend of $0.40 per share of common stock payable on December 13, 2019, to stockholders of record as of November 15, 2019. For 150 years, we have produced some of the world’s most beloved products at The Kraft Heinz Company (KHC).
Everyone’s favorite name in racing, O-S-C-A-R, is extending its sponsorship of the No. 6 Oscar Mayer Ford Mustang with driver Ryan Newman and Roush Fenway Racing through the 2021 season. Oscar Mayer will return as the primary partner on the No. 6 Ford for multiple races during the 2020 and 2021 seasons, beginning at the TicketGuardian 500 in Phoenix on March 8, 2020.