Kraft Heinz Co Stock Price, News & Analysis

The Kraft Heinz Company (Nasdaq: KHC) is set to announce its first quarter 2021 financial results on April 29, 2021. A press release and supplemental materials, including a pre-recorded management discussion, will be available before market opening. Following the release, Kraft Heinz management will conduct a live Q&A session with analysts at 9:00 a.m. Eastern Daylight Time. The earnings information and audio of the Q&A can be accessed at ir.kraftheinzcompany.com, with replays available afterward.

Kraft Mayo is addressing the phenomenon of 'Mayophobia' with its new initiative, the Overcoming Mayophobia Kit. This kit aims to help mayo skeptics embrace the condiment by providing tools to acclimate them to its texture and taste. The kit includes a blindfold, a nose clip, a sharpie for rebranding the mayo, and Kraft Mayo in various sizes. This campaign runs until April 8, inviting mayo lovers to encourage their mayo-hating friends to participate. Kraft Heinz Company reported net sales of approximately $26 billion in 2020 and continues to focus on consumer-driven innovation.

The Kraft Heinz Company (NASDAQ: KHC) has nominated Lori Dickerson Fouché and CEO Miguel Patricio for election as directors at the 2021 Annual Meeting of Stockholders. Fouché will fill the vacancy left by George Zoghbi, who will not seek re-election, while Patricio will take over for Jorge Paulo Lemann. Fouché brings extensive leadership experience from her tenure at TIAA and other financial firms, while Patricio has been at the helm of Kraft Heinz since June 2019, overseeing a significant global turnaround.

Kraft Heinz has launched COLLIDERS™, a new line of refrigerated desserts featuring popular candies like Reese’s and Kit Kat®. Available in three formats—TWISTED, CHOPPED, and LAYERED—the desserts offer a unique and indulgent experience for consumers. With 12 varieties, COLLIDERS™ aims to cater to diverse tastes. The products are supported by a national marketing campaign, “Love it. Spoon it”, set to promote the desserts across various media platforms. COLLIDERS™ are now available in stores nationwide.

The Kraft Heinz Company (KHC) announced early participation results for its cash tender offer, totaling a maximum purchase price of $1.0 billion for various senior notes. As of 5:00 p.m. EST on March 5, 2021, the Issuer accepted $811.6 million of 3.950% Senior Notes due July 2025 and $87.8 million of 3.000% Senior Notes due June 2026. No June 2022 or 2023 Notes were accepted. Payment for the validly tendered notes will occur on March 9, 2021. The tender offer's completion is subject to specific conditions, and holders of the Notes must make their own decisions regarding participation.

HEINZ has launched the HEINZ Burger Kit to enhance family burger nights, emphasizing the joy of shared meals. The kit includes a red spatula, apron, grill mitt, plates, napkins, and signature condiments: HEINZ Tomato Ketchup, Yellow Mustard, and Sweet Relish. To promote the kit, HEINZ challenges fans to stare at a loading screen for 57 minutes for a chance to win one of 157 kits. This campaign runs until February 28 at 11:59 p.m. CST, showcasing HEINZ's commitment to creating memorable family experiences.

The Kraft Heinz Company (Nasdaq: KHC) announced the completion of a pilot project showcasing roofing material made from recycled flexible packaging. The project, conducted in partnership with Materials Recovery For the Future, involved installing roofing made from 94% post-consumer recycled plastic at its plants in Beaver Dam, Wis., and Holland, Mich. This initiative reflects Kraft Heinz's commitment to sustainability and its Environmental, Social and Governance goals. The performance of these materials will be monitored, with potential future standardization of their use based on results.

The Kraft Heinz Company (Nasdaq: KHC) announced a cash tender offer by its subsidiary, Kraft Heinz Foods Company, to purchase up to $1 billion of its outstanding Senior Notes due from 2022 to 2026. This includes 3.500% Senior Notes due June 2022, 4.000% Senior Notes due June 2023, 3.950% Senior Notes due July 2025, and 3.000% Senior Notes due June 2026. The offer will expire on March 19, 2021, unless extended. Holders can withdraw their tendered Notes until March 5, 2021. The company may choose to waive conditions or amend the offer at its discretion.

Hormel Foods Corporation (NYSE: HRL) announced its definitive agreement to acquire the Planters® snack nut portfolio from Kraft Heinz Company (Nasdaq: KHC) for $3.35 billion in cash. This transaction, expected to close in calendar Q2 2021, represents an effective purchase price of $2.79 billion after accounting for a tax benefit valued at $560 million. The acquisition adds a $1 billion brand to Hormel's portfolio, broadening its presence in the growing snacking market and anticipated to yield $50-60 million in synergies by 2024.