The Kraft Heinz Company (KHC) has been a prominent focus for investors recently.
GLOBALT Investments LLC GA and
Wasatch Advisors LP increased their stakes, with the former purchasing 209,380 shares. Furthermore,
Shell Asset Management Co. bought 24,199 shares, while
Bridgewater Associates LP snapped up 118,260. Although KHC's stock underperformed compared to competitors on several occasions, they outperformed on strong trading day. Notably, the processed foods giant is rumored to be exploring
the sale of Oscar Mayer business. It recently introduced TAP, a pioneering faucet that instantly transforms tap water into an energy drink. Simultaneously, KHC is venturing into plant-based products, launching its first-ever Plant-Based Oscar Mayer Hot Dogs and Sausages and KRAFT Mac & Cheese. Substantiating its growth plans, KHC announced a
quarterly dividend of $0.40. The company's Q1 2024 earnings echoed analyst projections, triggering optimistic momentum. Nonetheless,
Jim Cramer remains bearish due to higher prices eating into demand. Amid transformation, KHC still seems an attractive yield play. Yet, it is warned that KHC is taking on some risk with its debt. The firm's pricing and transformation efforts are applauded, even as questions arise over its debt usage.
The Kraft Heinz Company KHC News Analytics from Thu, 16 Nov 2023 08:00:00 GMT to Sun, 16 Jun 2024 15:14:19 GMT -
Rating -3
- Innovation 5
- Information 5
- Rumor -2
