Kraft Heinz KHC (former Kraft Foods)

Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Tue Mar 05, 2019 11:41 am

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Morgan Stanley Upgrades Kraft Heinz, Boosts Stock

by Jayson Derrick

Morgan Stanley's Dara Mohsenian upgraded Kraft Heinz from Underweight to Equal-weight with an unchanged $35 price target.

1. Management's non-key commodity inflation net of cost savings guidance appears conservative:

2. The company could see topline and commercial profit growth from $500 million in commercial investment in 2018 and 2019;

3. Expectations for positive organic sales growth and more favorable pricing; and
Foreign exchange guidance looks conservative.

4. The research firm's reverse discounted cash flow model suggests the Street is assuming Kraft Heinz will show zero long-term EBITDA growth after management's revision to fiscal 2019. The analyst said the company should be able to show a 0.3 percent long-term growth rate through fiscal 2025


Source: Benzinga

https://finance.yahoo.com/news/morgan-s ... 18704.html
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Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Tue Mar 12, 2019 11:34 pm

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Should We Buy Kraft Heinz At The Current Price?

By Royston Roche

Attractive forward P/E ratio of 11.03.

The company expects growth to improve 2020 onwards.

the company’s organic growth is slowing and the operating profits will come down due to higher expenses.


Source: Modestmoney

https://talkmarkets.com/content/stocks- ... ost=212802
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Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Wed Mar 13, 2019 7:48 am

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Kraft Heinz weighs sale of its Breakstone's sour cream and cottage cheese business

by Lauren Hirsch

Kraft Heinz has hired Royal Bank of Canada to review options for its Breakstone's sour cream and cottage cheese business, which could include a sale, people familiar with the situation tell CNBC.

The business could fetch a valuation of roughly $400 million.

The potential sale is part of a broader Kraft Heinz review of its operations as it looks to pay down debt.

Analysts note it has $3 billion of debt coming due in 2020.

Both coffee and dairy face immense competition from cheaper private label products or higher-end niche products.

The Heinz brand, by contrast, has grown 26 percent over the past six years, according to Nielsen. One of Kraft Heinz's newest launches, Ore-Ida Just Crack An Egg breakfast, crossed $50 million in sales in less than 12 months.


Source: CNBC

https://finance.yahoo.com/news/kraft-he ... 55684.html
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Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Wed Mar 13, 2019 9:14 pm

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Busting Buffett - Is Kraft Heinz Actually A Wonderful Business?

Mar. 11, 2019

by Ian Croci


Summary

In a recent interview on CNBC, Warren Buffett made the claim that Kraft-Heinz is a "wonderful" business, pointing to its return on tangible assets.

In and of itself, return on tangible assets is an interesting metric, but doesn't actually mean a whole lot.

I'll be exploring the context of how KHC's return on tangible assets is likely to impact the bottom line moving into the future.

Source: Seeking Alpha

https://seekingalpha.com/article/424785 ... ngcom_feed
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Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Wed Mar 20, 2019 3:03 pm

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Kraft Heinz Needs to Do These 3 Things Right Now

by Will Ashworth

1. Restore the Balance Sheet
2. Fire the CEO
3. Focus on Power Brands


Source: InvestorPlace

https://finance.yahoo.com/news/kraft-he ... 22356.html
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Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Wed Mar 20, 2019 7:11 pm

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Clone Or Not To Clone Kraft Heinz?

Mar. 19, 2019

Summary

I look at this story from a contrarian angle and with the long-term horizon on my mind.

There are some changes in consumer habits, but they are not revolutionary.

The ability to price though has been changed. And, that’s huge.

I believe operating cash flow for the company should be in the range around $5bn.

Kraft Heinz has a unique combination of owners who possess long-term horizon and rare kind of efficiency.

Walmart represents approximately 21% of Kraft Heinz net sales in 2017, approximately 22% of the net sales in 2016, and approximately 20% of the net sales in 2015.

Here is my math: market cap is $39bn, FCF could be $4bn and net debt around $26-27bn (let's take a midpoint) at the end of this year.

So, we talk about EV of $65.5bn, which translates into EV/FCF multiple of 16.4x. All things considered, if I needed to deploy my capital in this environment, Kraft Heinz would be on my list, but I would wait for the better entry point.


Source: Seeking Alpha

https://seekingalpha.com/article/424971 ... ngcom_feed
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Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Thu Mar 21, 2019 6:45 pm

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March 14, 2019

Is Kraft Heinz A Buy After The Dividend Cut?

By Josh Arnold

Summary

Kraft Heinz cut its dividend by 36% and announced a $15 billion impairment.

The stock was sold heavily by investors and is at its all-time lows.

This could be a buying opportunity for a company that has a strong strategic plan, a high yield, and trough valuation.

Total sales came in at $6.9 billion in Q4, up 70bps versus the year-ago period. However, on an organic basis, sales rose a much more impressive 2.4%, with the difference coming from a 220bps loss from currency translation – owed to Kraft Heinz’ global footprint – as well as a net 50bps gain from acquisitions and divestitures.

The company also reported a massive $15.4 billion non-cash goodwill impairment charge in Q4 thanks to lowering the carrying value of some of its intangible assets, primarily in US Refrigerated and Canada Retail, as well as the carrying value of the Kraft and Oscar Mayer trademarks.

That sent headline earnings per share down to -$10.34 in Q4, but we’d caution investors to ignore this goodwill impairment as it is non-cash and does not reflect long-term operational stability of the company’s results.

After the Q4 report, we’ve set our initial earnings per share estimate for 2019 at $3.68 per share, representing decent growth from 2018 earnings per share of $3.51.

Moving forward, we think Kraft Heinz can produce low to mid single-digit growth annually in the coming years.

Longer term, earnings per share growth could well exceed 3% should revenue and margins improve.

Yield 5%. We recommend that investors continue holding Kraft Heinz and wait to sell the security until its price approaches fair value, which we estimate at around $39



Source: Sure Dividend

https://seekingalpha.com/article/424868 ... ngcom_feed
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Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Fri Mar 22, 2019 10:02 pm

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Kraft Heinz Seeks To Build A Brand-New World

by Louis Biscotti

Last February, it rolled out its “Just Crack An Egg breakfast,” which combines vegetables, cheese and meat to mix with an egg. Break an egg, add ingredients, and you have an instant breakfast. It was a big idea—and a big success.

Kraft Heinz was rewarded for its creativity: The product topped $50 million in its first year of sales.


Source: Forbes

https://www.forbes.com/sites/louisbisco ... cbf49219a2
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Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Fri Mar 29, 2019 2:58 pm

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Here's Why Kraft Heinz Appears Unappetizing Since Q4 Results

The consensus marks for the first quarter and 2019 have gone down from 90 cents to 67 cents and from $3.73 to $2.94 per share, respectively, in the past sixty days.


Source: Zacks Equity Research

https://finance.yahoo.com/news/heres-wh ... 12048.html
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Re: Kraft Heinz KHC (former Kraft Foods)

Postby winston » Sat Mar 30, 2019 9:32 pm

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Kraft Heinz (KHC)

Kraft Heinz (NYSE:KHC) used to be one of the classic consumer brand companies, as steady as you could want for a consumer staples stock. And the merger between two iconic consumer staples companies was supposed to make it even bigger and better.

That size was meant to allow it to do battle with larger consumer staples firms as well as crush its niche foes. The merger in 2015 was supposed to set up a juggernaut.

It didn’t.

KHC stock is down 46% in the past year and 25% year to date. And that year-to-date figure is crucial, since most blue-chip stocks have been chugging along this year.

Its earnings report in February was the big blow. KHC had some weak quarters, but its Q4 was when the reality set in that KHC’s flagship brands were tired and consumers were transitioning out of their core products.

And while the industry is down about 6% in the past six months, KHC is off more than 40%. All its globally familiar brands are now looking less comforting to younger generations of consumers. That means even its solid nearly 5% dividend isn’t worth the time it will take to turn things around.

Source: Investor Place
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