Kraft Heinz Company (KHC) PT Lowered to $32 at Goldman Sachs
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Go back to Kraft Heinz Company (KHC) PT Lowered to $32 at Goldman Sachs
October 30, 2024 7:08 AM EDT
By Savyata Mishra
(Reuters) -Kraft Heinz on Wednesday tempered its annual forecasts for organic sales and profit as repeated price hikes hurt demand for the packaged food giant's branded products such as Lunchables meal kits.
Shares of the Jell-O maker fell more than 3% in early trading, as it also posted a bigger-than-expected drop in revenue for the third quarter.
"Steep declines in a few brands are holding back overall results. Lunchables, in particular, has been the largest drag on sales, and Kraft... More
October 30, 2024 7:03 AM EDT
Kraft Heinz (NASDAQ: KHC) reported Q3 EPS of $0.75, $0.01 better than the analyst estimate of $0.74. Revenue for the quarter came in at $6.4 billion versus the consensus estimate of $6.43 billion.
Outlook
For fiscal year 2024, the Company now expects:
Organic Net... More
October 30, 2024 7:01 AM EDT
Kraft Heinz (NASDAQ: KHC) declared a quarterly dividend of $0.40 per share, or $1.6 annualized.
The dividend will be payable on December 27, 2024, to stockholders of record on November 29, 2024, with an ex-dividend date of November 27, 2024.
The annual yield on the dividend is 4.6... More
October 29, 2024 11:15 AM EDT
Kraft Heinz (NASDAQ: KHC) November 1 weekly call option implied volatility is at 55, November is at 33; compared to its 52-week range of 13 to 27 into the expected release of quarter results before the bell on October 30.
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October 28, 2024 4:11 PM EDT
The Kraft Heinz Company (Nasdaq: KHC) (Kraft Heinz or the Company) announced today that Debby Soo, CEO of OpenTable, Inc., has been appointed to the Board of Directors (Board), effective October 24, 2024.
We are thrilled to welcome Debby to our Board, said Miguel Patricio, Chair of the Board of Kraft Heinz. Debby brings extensive experience in technology development and global business strategy, having worked with some of the most impactful global technology organizations.
Prior to her CEO role at OpenTable,... More
