The Kraft Heinz Company (KHC) has been under significant spotlight recently due to various events and developments. KHC declared a regular quarterly dividend of $0.40 per share, showcasing financial stability despite a few struggles in the market performance. While the company's Q1 2024 earnings beat estimates despite lower sales, the stock seemed underperform in comparison to competitors on selected days. It was reported that KHC's stock was trailing
S&P 500 by 20 percentage points and the price target was lowered to $38.00. KHC also attracted renewed attention from investors such as
AIA Group Ltd,
Norden Group LLC,
Jennison Associates LLC, and
BI Asset Management Fondsmaeglerselskab A S, who bought substantial holdings in the company. Furthermore, a significant institutional backing of 52% was noted. Amidst all of it, KHC seems to be innovating with the launch of first-ever plant-based
Oscar Mayer Hot Dogs, Sausages and KRAFT Mac & Cheese, and TAP - faucet transforming tap water to an energy drink. Surprisingly, KHC is exploring the sale of its Oskar Mayer business, potentially to disrupt and redefine its portfolio.
The Kraft Heinz Company KHC News Analytics from Wed, 29 Nov 2023 08:00:00 GMT to Sat, 13 Jul 2024 13:20:31 GMT -
Rating -3
- Innovation 5
- Information 3
- Rumor 2
