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Kraft Heinz Co (KHC.OQ)

KHC.OQ on NASDAQ Stock Exchange Global Select Market

28.14USD
20 Sep 2019
Change (% chg)

$-0.01 (-0.04%)
Prev Close
$28.15
Open
$28.11
Day's High
$28.47
Day's Low
$28.03
Volume
4,056,655
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2,840,928
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$58.05
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$24.87

Latest Key Developments (Source: Significant Developments)

Kraft Heinz Announces Upsize Of Previously Announced Cash Tender Offer
Thursday, 12 Sep 2019 

Sept 11 (Reuters) - Kraft Heinz Co ::KRAFT HEINZ ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED CASH TENDER OFFER FOR $1 BILLION TO AN AGGREGATE PURCHASE PRICE OF $2.5 BILLION.KRAFT HEINZ- INCREASING TENDER AMOUNT OF OUTSTANDING JUNE 2022 NOTES, JULY 2022 NOTES, 2023 NOTES, 4.875% SECOND LIEN SENIOR SECURED NOTES DUE 2025 TO $2.5 BILLION.OTHER TERMS OF TENDER OFFER REMAIN UNCHANGED.  Full Article

Kraft Heinz Reports First Half Of 2019 Financial Results
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - Kraft Heinz Co ::KRAFT HEINZ REPORTS PRELIMINARY FINANCIAL RESULTS FOR THE FIRST HALF OF 2019.H1 EARNINGS PER SHARE $0.70.KRAFT HEINZ - REPORTED PRELIMINARY FINANCIAL RESULTS FOR FIRST HALF OF 2019 THAT REFLECTED LOWER NET SALES DESPITE IMPROVING CONSUMER TAKEAWAY TRENDS.H1 ADJUSTED EPS $1.44.PRELIMINARY RESULTS FOR FIRST HALF OF 2019 REFLECTED ADVERSE IMPACTS OF ONGOING COST INFLATION, GREATER INVESTMENTS, HIGHER EXPENSES.H1 RESULTS ALSO INCLUDED PRELIMINARY NON-CASH IMPAIRMENT CHARGES RELATED TO GOODWILL AND INTANGIBLE ASSETS.FOR SIX MONTHS ENDED JUNE 29, 2019, NET SALES WERE $12.4 BILLION, DOWN 4.8 PERCENT.FOR SIX MONTHS ENDED JUNE 29, 2019, NET SALES WERE $12.4 BILLION, DOWN 4.8 PERCENT VERSUS YEAR-AGO PERIOD.COMPANY CONCLUDED THAT FAIR VALUES OF CERTAIN GOODWILL AND INTANGIBLE ASSETS WERE BELOW THEIR CARRYING AMOUNTS.H1 NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS DECREASED TO $854 MILLION AND DILUTED EPS DECREASED TO $0.70.RECORDED H1 NON-CASH IMPAIRMENT CHARGES TO LOWER CARRYING AMOUNT OF GOODWILL IN CERTAIN REPORTING UNITS BY APPROXIMATELY $744 MILLION.QUARTER ENDED JUNE 29 NET SALES $6,406 MILLION VERSUS $6,690 MILLION.ALSO RECORDED NON-CASH IMPAIRMENT CHARGES OF APPROXIMATELY $474 MILLION TO LOWER CARRYING AMOUNT OF CERTAIN INTANGIBLE ASSETS IN H1.EXPECTS TO FILE Q2 FORM 10-Q ON OR BEFORE FIFTH CALENDAR DAY FOLLOWING PRESCRIBED DUE DATE..FOR THE THREE MONTHS ENDED JUNE 29, 2019 DILUTED EARNINGS PER SHARE$0.37.QUARTER ENDED MARCH 30, EPS $0.33.  Full Article

The Kraft Heinz Company Declares Regular Quarterly Dividend Of $0.40 Per Share
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - Kraft Heinz Co ::THE KRAFT HEINZ COMPANY DECLARES REGULAR QUARTERLY DIVIDEND OF $0.40 PER SHARE.  Full Article

Nuzee Says Signed Co-Packing Agreement With Gevalia Kaffe, A Kraft Heinz Brand
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Kraft Heinz Co ::NUZEE INC - SIGNED CO-PACKING AGREEMENT WITH GEVALIA KAFFE, A KRAFT HEINZ BRAND.  Full Article

Kraft Heinz Has Put Sale Of Breakstone's And Its Plasmon Baby Food Business On Hold - CNBC
Wednesday, 24 Jul 2019 

July 24 (Reuters) - :KRAFT HEINZ PULLS BACK ON ASSET SALES AS IT SEEKS TO FIX A BROKEN BUSINESS - CNBC.KRAFT HEINZ HAS PUT THE SALE OF BREAKSTONE’S AND ITS PLASMON BABY FOOD BUSINESS ON HOLD - CNBC, CITING SOURCES.  Full Article

Tyson Foods Names Noelle O’Mara Chief Marketing Officer
Thursday, 30 May 2019 

May 30 (Reuters) - Tyson Foods Inc ::TYSON FOODS NAMES NOELLE O’MARA CHIEF MARKETING OFFICER.TYSON FOODS INC - BEFORE JOINING TYSON FOODS, O'MARA HELD SENIOR LEVEL MARKETING POSITIONS WITH KRAFT HEINZ.  Full Article

Kraft Heinz Receives Notification Of Deficiency From Nasdaq Related To Delayed Filing Of Form 10-Q
Wednesday, 22 May 2019 

May 21 (Reuters) - Kraft Heinz Co ::KRAFT HEINZ RECEIVES NOTIFICATION OF DEFICIENCY FROM NASDAQ RELATED TO DELAYED FILING OF QUARTERLY REPORT ON FORM 10-Q.KRAFT HEINZ CO - CURRENTLY EXPECTS TO COOPERATE WITH NASDAQ.KRAFT HEINZ CO - NASDAQ ALSO NOTIFIED KRAFT HEINZ THAT IT HAD BEEN GRANTED UNTIL SEPTEMBER 11, 2019 TO REGAIN COMPLIANCE.  Full Article

Kraft Heinz - To Restate Co's Consolidated Financial Statements And Related Disclosures For Years Ended December 30, 2017 And December 31, 2016
Monday, 6 May 2019 

May 6 (Reuters) - Kraft Heinz Co ::KRAFT HEINZ - TO RESTATE CO'S CONSOLIDATED FINANCIAL STATEMENTS AND RELATED DISCLOSURES FOR YEARS ENDED DECEMBER 30, 2017 AND DECEMBER 31, 2016.KRAFT HEINZ CO - DOES NOT BELIEVE THAT SUCH MISSTATEMENTS CONSTITUTE A QUANTITATIVELY MATERIAL MISSTATEMENT TO ANY INDIVIDUAL PERIOD.KRAFT HEINZ - STATEMENTS FOR YEARS ENDED DEC 30, 2017, AND 2016 SHOULD NO LONGER BE RELIED UPON DUE TO MISSTATEMENTS CONTAINED.KRAFT HEINZ CO - INVESTIGATION INTO PROCUREMENT AREA, IS NOW SUBSTANTIALLY COMPLETE.KRAFT HEINZ - AS RESULT OF FINDINGS FROM CO'S INVESTIGATION, WHICH IDENTIFIED THAT SEVERAL EMPLOYEES IN PROCUREMENT AREA ENGAGED IN MISCONDUCT.KRAFT HEINZ - RECORDED ADJUSTMENTS TO CORRECT PRIOR PERIOD MISSTATEMENTS THAT INCREASE TOTAL COST OF PRODUCTS SOLD IN PRIOR FINANCIAL PERIODS.KRAFT HEINZ - FINDINGS FROM INVESTIGATION DID NOT IDENTIFY ANY MISCONDUCT BY ANY MEMBER OF SENIOR MANAGEMENT TEAM.KRAFT HEINZ CO - COMPANY ALSO CONTINUES TO COOPERATE FULLY WITH SEC.KRAFT HEINZ - ALSO CONDUCTED A COMPREHENSIVE REVIEW OF SIGNIFICANT SUPPLIER CONTRACTS TO IDENTIFY OTHER POTENTIAL MISSTATEMENTS.KRAFT HEINZ CO - MISSTATEMENTS PRINCIPALLY RELATE TO INCORRECT TIMING OF WHEN CERTAIN COST AND REBATE ELEMENTS WERE INITIALLY RECOGNIZED.KRAFT HEINZ - REVIEW OF SUPPLIER CONTRACTS IDENTIFIED MORE MISSTATEMENTS RELATED TO CERTAIN SUPPLIER CONTRACTS AND ARRANGEMENTS.KRAFT HEINZ CO - INVESTIGATION AND REVIEW REQUIRED ADJUSTMENTS OF APPROXIMATELY $208 MILLION.  Full Article

Kraft Heinz Says CEO Bernardo Hees Will Leave Effective June 30, 2019
Monday, 22 Apr 2019 

April 22 (Reuters) - Kraft Heinz Co ::KRAFT HEINZ - BERNARDO HEES, CO'S CEO, WILL LEAVE EFFECTIVE JUNE 30, 2019 TO FOCUS ON OTHER PROJECTS AS A PARTNER OF 3G CAPITAL.KRAFT HEINZ - NOT YET ENTERED INTO ANY COMPENSATION ARRANGEMENTS WITH HEES OR MIGUEL PATRICIO IN CONNECTION WITH CEO CHANGE.  Full Article

Kraft Heinz Appoints Miguel Patricio CEO Effective July 1, 2019
Monday, 22 Apr 2019 

April 22 (Reuters) - Kraft Heinz Co ::KRAFT HEINZ BOARD OF DIRECTORS APPOINTS MIGUEL PATRICIO CHIEF EXECUTIVE OFFICER EFFECTIVE JULY 1, 2019.KRAFT HEINZ CO - PATRICIO WILL SUCCEED BERNARDO HEES.KRAFT HEINZ CO - HEES WILL REMAIN CEO THROUGH JUNE 30.KRAFT HEINZ - PATRICIO WILL JOIN CO AFTER A CAREER AT ANHEUSER-BUSCH INBEV.  Full Article

Deals of the day-Mergers and acquisitions

Sept 17 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: