Kraft Heinz (KHC) ponders the sale of its Oscar Mayer franchise, according to the WSJ. Despite daily losses, the company's stocks have reportedly outshone its competition. In fact, Zacks Research forecasts the KHC's Q2 2024 earnings to land at $0.74 per share. The company has stirred up interest with its launch of the first-ever plant-based Oscar Mayer hot dogs and sausages, and plant-based Mac & Cheese, painting a positive future trend. The performance of its stocks has inclined towards an uptrend, indicating a robust market play. The mio brand has also made groundbreaking innovation launching TAP, a faucet that converts tap water into an energy drink. KHC has acquired an 85% stake in Just Spices to bolster expansion, and its Q2 2024 Earnings estimates have been revised by an analyst. The company's Q1 Earnings showcased strong estimates despite a sales dip, and the broader market showed KHC missing sales estimates due to higher prices. The company has declared a quarterly dividend of $0.40 per share, and insiders have reportedly sold their shares. Mio's innovation, plant-based developments, and pivotal acquisitions emphasize the company's agility in navigating changes.
The Kraft Heinz Company KHC News Analytics from Mon, 14 Aug 2023 13:01:42 GMT to Sat, 18 May 2024 20:27:26 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor 4
