- The Kraft Heinz Company stock price today and history
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The Kraft Heinz Company stock price, KHC
The Kraft Heinz Company stock chart:
The Kraft Heinz Company close price: 88.95
Stock price forecast:
UP TO +1.36%
Total forecasts: 82
Reached: 48 (58.54%)
Total Win: 29.61 (32.39%)
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The Kraft Heinz Company latest news:
Kraft Heinz to cut jobs, shutter factories under integration plan
(Reuters) - Kraft Heinz Co said on Thursday it would cut about 13 percent of its workforce, close factories and consolidate its distribution network as part of its efforts to merge Kraft Foods and H.J. Heinz.
BRIEF-Kraft Heinz Q1 adjusted earnings per share $0.84
* Q1 earnings per share view $0.86 -- Thomson Reuters
Kraft Heinz shares slip after hours on earnings miss
Kraft Heinz Co. shares declined in the extended session Wednesday after the food company's quarterly results fell short of Wall Street estimates. Kraft Heinz shares slipped 2.4% to $86.99 after hours. The company reported adjusted first-quarter earnings of 84 cents a share on revenue of $6.36 billion. Analysts surveyed by FactSet had forecast earnings of 86 cents a share on revenue of $6.46 billion. "Although our top line results in the first quarter reflect a slow start to the year, we remain on track with our key initiatives," said Bernardo Hees, Kraft Heinz chief executive, in a statement. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Pepsi upgraded to neutral from positive at Susquehanna
Shares of PepsiCo Inc. were up 1.3% midday Wednesday after the stock was upgraded to neutral from positive at Susquehanna on the thesis that it will be the target of a joint buyout bid from Kraft-Heinz and Anheuser-Busch . The Pepsi brand has been troubled by a controversial Kendall Jenner commercial, which it later pulled, as well as a new, alternative low calorie cola and flip-flopping on aspartame-sweetened drinks, said Pablo Zuanic, lead analyst on the report. "All paint a picture of a company still struggling to set a new direction," he wrote. He increased the price target to $132 to $118. Shares of Pepsi have gained 3% in the past month, while the S&P 500 has lost 1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Galvanized by Kraft, Unilever keeps shareholders sweet with cash
LONDON (Reuters) - Unilever promised shareholders a multi-billion euro rewards package on Thursday after February's $143 billion takeover offer from Kraft Heinz jolted it into a corporate makeover aimed at proving it can go it alone.
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