Kraft Heinz KHC (former Kraft Foods)

Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Fri Feb 22, 2019 5:00 pm

Kraft Heinz Sinks Near Record Low on $15.4 Billion Writedown

by Craig Giammona

On Thursday, the company’s fourth-quarter earnings missed even the lowest analyst estimate.

It also flagged to investors in its quarterly results a subpoena it received last year from the U.S. Securities and Exchange Commission related to its procurement practices.

Kraft Heinz will cut its quarterly dividend to 40 cents a share from 62.5 cents, helping it pay down debt more quickly and adjust to its smaller size after selling some businesses.


Source: Bloomberg

https://finance.yahoo.com/news/kraft-he ... 52980.html
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Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Fri Feb 22, 2019 5:35 pm

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Feb 8, 2019

Kraft Heinz signs deal with maker of Top Ramen

The Kraft Heinz Company announced that it had entered into a distribution partnership with Japanese food company Indo Nissin Foods.

By Luke Torrance

According to a statement form the company, the partnership will target multiple distribution channels to insure customers in India, have access to Heinz's iconic ketchup, along with several additional products from the Kraft Heinz Company.

The announcement comes a few weeks after Kraft Heinz announced that it had sold off some of its non-core Indian brands like the Glucon-D energy drink and Nycil talcum powder to the India-based Zydus Cadila.


Source: Pittsburgh Business Times

https://www.bizjournals.com/pittsburgh/ ... yptr=yahoo
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Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Fri Feb 22, 2019 5:40 pm

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Kraft Heinz: Deutsche Bank Downgraded the Stock

By Adrian Stevens

Feb 6, 2019

Deutsche Bank downgraded Kraft Heinz

On February 5, Deutsche Bank downgraded Kraft Heinz (KHC) stock from “buy” to “hold” and lowered the target price to $52 per share from $58.

Analyst Rob Dickerson thinks that heightened competition could have a negative impact on Kraft Heinz’s financials.

Private label products are gaining shelf space as retailers continue to compete on pricing.

Large food companies are relying on promotions to push the demand for their products, which is hurting their margins and profitability.

On January 18, Morgan Stanley lowered the target price on Kraft Heinz stock to $44 from $49.


Source: Market Realist

https://marketrealist.com/2019/02/kraft ... yptr=yahoo
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Re: Kraft Heinz KHC (former Kraft Foods)

Postby behappyalways » Fri Feb 22, 2019 7:54 pm

kraft-heinz-sec-investigation

The prices of many commodities that food companies use are rising, such as agricultural products and materials like aluminum and pulp for packaging.

Transportation costs have also added pressure on food companies, in part because of a shortage of truckers in the United States.

Kraft Heinz and other food companies have faced pressure from lower food prices and retailers like Amazon (AMZN), Walmart (WMT) and Costco (COST).

Kraft Heinz said it recorded a $25 million increase to product costs as a result of that SEC investigation.


Source: CNN

https://edition.cnn.com/2019/02/21/inve ... index.html
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Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Fri Feb 22, 2019 9:37 pm

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Kraft Heinz Could Sink to Around $25 in the Months Ahead - Charts

The media will be seeking comments from Warren Buffett but I like to keep it simple and look at the charts and indicators.

By BRUCE KAMICH

Bottom line strategy: Some technical analysts will say that KHC is oversold.

Some fundamental analysts will say that KHC is grossly undervalued.

The fact of the matter is that KHC has been in a downtrend for some time now and it has yet to make a last low nor start a bottoming process.


Source: The Street

https://realmoney.thestreet.com/investi ... s-14874879
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Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Sat Feb 23, 2019 9:07 pm

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According to regulatory filings, Berkshire Hathaway held more than 325.6 million shares of Kraft Heinz at the end of 2018.

Assuming the position has remained unchanged since the end of the fourth quarter, it's now worth $11.84 billion, down from $14.45 billion at the end of 2018.

Source: Yahoo Finance
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Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Sat Feb 23, 2019 9:48 pm

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Kraft Heinz Disaster Shows That Brutal Cost-Cutting Won't Save Packaged Foods

3G used Zero-Based Budgeting, requiring that each expense be justified from scratch each year, as opposed to the traditional approach of adding a couple of percentage points to last year’s line items.

The strong implication is that managers should strive to lower all costs from one period to the next, at all costs.


Kraft Heinz wrote down $15.4 billion in goodwill and other intangible assets, meaning that management expects its portfolio of brands to generate future earnings that are about 25% lower than expected just a few months ago.


How Heinz’s reported results, chronicle its failed strategy:
1. Revenues went nowhere
2. The juice was supposed to come from cost cutting, but it didn’t last
3. Profits excluding the writedowns looked extremely weak
4. While profits have shrunk, Kraft Heinz has been adding a lots of capital


Source: Fortune

https://finance.yahoo.com/news/kraft-he ... 31597.html
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Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Sat Feb 23, 2019 10:06 pm

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Kraft Heinz Stock's Massive Selloff Could Make It a Buy

Kraft Heinz cut its dividend, missed earnings and revenue estimates and disclosed a federal subpoena. What should investors do now?

On a move like this, experienced buyers don't usually like to go in on day one. They like to see a stock wash out for a few sessions and eventually reverse higher.

It's not so much that this guarantees them a bottom, but more so gives bulls a level to measure against on the downside.

This $35 mark was resistance and then support back in 2013, before the name began a massive multi-year run.

Let's look to see if the $34 to $35 area can hold up. If it can't, this one is in no man's land. If this area does hold as support, look to see if Kraft Heinz stock can get back above downtrend support (blue line). If it can, a snap-back rally into the low-$40s is possible.


Source: The Street

https://www.thestreet.com/investing/sto ... yptr=yahoo
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Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Sat Feb 23, 2019 10:23 pm

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Warren Buffett's Kraft Heinz deal was unlike any Berkshire has done. He may not want to repeat it.

by Eric Rosenbaum

Consumer Edge Research and now at Deutsche Bank, asked: "If they were well-positioned, why are they financial buyers, not strategic buyers."

Last August, 3G Capital sold 7 percent of its stake in Kraft .


Source: CNBC

https://finance.yahoo.com/news/warren-b ... 03921.html
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Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Sun Feb 24, 2019 3:18 pm

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Credit Suisse: Kraft Heinz Could Be Facing 'Serious' Balance Sheet Issue

by Wayne Duggan

Credit Suisse analyst Robert Moscow reiterated an Underperform rating on Kraft Heinz and cut the price target from $42 to $33.

In addition to the target cut, Moscow also lowered the 2019 EPS estimate from $3.53 to $2.86.

If Kraft Heinz can't afford to pay its dividend, Moscow said the company's assertion that it is on the lookout for a meaningful acquisition seems dubious.


Source: Benzinga

https://finance.yahoo.com/news/credit-s ... 55139.html
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