Kraft Heinz Co Stock Price, News & Analysis

Hormel Foods Corporation has finalized its acquisition of the Planters® snacking portfolio from Kraft Heinz, marking its largest purchase to date. This deal includes popular brands such as NUT-rition®, Cheez Balls, and Corn Nuts®, along with three production facilities. The acquisition is part of Hormel's strategy to expand its snacking offerings and enhance its brand portfolio, which also features SKIPPY® and SPAM®. Hormel's leadership anticipates significant growth potential for the Planters® brand fueled by its marketing and sales capabilities.

The Kraft Heinz Company (KHC) announces its inaugural 'HEINZ Head Burger Artist' contest, inviting burger enthusiasts to submit photos of their best creations by July 19. The winner will receive $25,000 and unique perks, including a travel opportunity to taste-test America's best burgers, consulting on future HEINZ condiment innovations, and a lifetime supply of HEINZ products. This initiative aims to celebrate creativity in burger making while enhancing brand engagement through social media interactions under the hashtag #ArtOfTheBurger.

Kraft Mac & Cheese is launching exclusive Space Jammies pajamas in partnership with the upcoming movie Space Jam: A New Legacy. The promotion includes new macaroni shapes featuring popular Looney Tunes characters, available starting June 1 for $2.49. The pajama promotion aims to enhance family movie nights, with additional chances to win merchandise from May 20 to 25. This initiative aligns with Kraft Heinz's strategy to drive brand engagement through partnerships, enhancing the connection between their products and popular culture.

The Kraft Heinz Company (Nasdaq: KHC) has announced a quarterly dividend of $0.40 per share of common stock, payable on June 25, 2021, to shareholders on record as of May 28, 2021. In 2020, the company reported net sales of approximately $26 billion, demonstrating its commitment to growth across its diverse food and beverage brands. Kraft Heinz emphasizes its dedication to sustainability and responsible practices as it aims to make a positive impact globally.

The Kraft Heinz Company (Nasdaq: KHC) reported a strong first quarter of 2021, with net sales reaching $6.4 billion, up 3.9% year-over-year. Organic net sales grew by 2.5%, driven by favorable product mix and a reduced corporate expense ratio. Net income surged by 49% to $568 million, while diluted EPS rose to $0.46, a 48.4% increase. The company anticipates continued growth, expecting mid-single-digit increases in organic net sales and constant currency adjusted EBITDA for Q2 2021 compared to 2019. Strong cash flow and lower corporate expenses were also highlighted.

HEINZ is partnering with The LEE Initiative and Southern Restaurants for Racial Justice to support Black-owned restaurants through a grant program. This initiative aims to ensure the long-term success of these cultural establishments by providing financial support of up to $20K per grant, highlighting restaurant stories on HEINZ's social media, and offering business expertise from HEINZ employees. The program not only seeks to preserve the legacy of Black-owned restaurants but also emphasizes the importance of diversity and equity in the restaurant industry.

Jet-Puffed has launched two new lines of snacking marshmallows—regular, mini, and strawberry flavors in resealable pouches, and Jet-Puffed Bites in Coconut, Birthday Cake, and S’mores flavors. The new resealable packaging helps retain freshness, ensuring a soft texture for consumers. The suggested retail price is $3.99 for Bites and $2.99 for marshmallows. This product launch aims to meet the increasing demand for convenient snack options.

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.