For the quarter ended September 2024, Kraft Heinz (KHC) reported revenue of $6.38 billion, down 2.9% over the same period last year. EPS came in at $0.75, compared to $0.72 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $6.41 billion, representing a surprise of -0.38%. The company delivered an EPS surprise of +1.35%, with the consensus EPS estimate being $0.74.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Kraft Heinz (KHC) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.35%. A quarter ago, it was expected that this processed food company with dual headquarters in Pittsburgh and Chicago would post earnings of $0.73 per share when it actually produced earnings of $0.78, delivering a su ...

Group 1: Warren Buffett's Investment Strategy - Warren Buffett is recognized for selecting stocks with long-term growth potential, focusing on those with competitive advantages [1] - Buffett's portfolio consistently outperforms the market, making his stock picks a solid foundation for any investment portfolio [1] Group 2: Occidental Petroleum (OXY) - Occidental Petroleum is Buffett's second-largest energy holding and sixth-largest overall position, indicating strong confidence in its long-term potential [2] - Currently trading at $51.61, OXY is near its 2.5-year lows, presenting an attractive entry point for investors [3] - Berkshire Hathaway holds 255.28 million shares of OXY, valued at approximately $16 billion, which constitutes 5.75% of its portfolio [3] - OXY's trailing P/E ratio is 13.33, and its forward P/E ratio is 17.41, highlighting its undervalued status in the energy sector [3] - Over the past year, OXY's price has decreased by 17.51%, providing a potential entry point for energy market investors [3] - Occidental exceeded production targets by producing an additional 6,000 barrels per day in Q2, and its recent $12 billion acquisition of CrownRock enhances its capacity to benefit from a rebound in oil prices [4] - The company's investment in carbon capture technology aligns with global environmental goals, positioning it for long-term value creation [4] Group 3: Kraft Heinz (KHC) - Kraft Heinz is a core holding in Buffett's portfolio, with 325.63 million shares valued at $10.49 billion, making up 3.75% of his investments [5] - Currently trading at $34.74, Kraft Heinz has delivered a total return of only 8.3% over the past three years, underperforming the S&P 500's 38% total return [5] - Kraft Heinz's forward P/E ratio is 11.29, and its PEG ratio is 3.69, indicating it is undervalued compared to competitors in the consumer staples sector [5] - The stock is trading significantly below its initial 2015 opening price of $71 and its 2017 peak, suggesting a potential turnaround opportunity [5] - Despite challenges such as multiple contractions and concerns over GLP-1 weight loss drugs, Kraft Heinz generated $12.9 billion in revenue in the first half of 2024, showcasing its brand appeal [6] - The company offers a 4.61% dividend yield, making it attractive for dividend-focused investors [6] - Buffett's endorsement of these stocks suggests they are undervalued opportunities for investors seeking a value-driven strategy [6]

Core Insights - Kraft Heinz (KHC) is expected to report quarterly earnings of $0.74 per share, reflecting a 2.8% increase year-over-year, while revenues are forecasted at $6.42 billion, indicating a 2.3% decline compared to the previous year [1] - Analysts have revised their consensus EPS estimate upward by 0.1% over the past 30 days, suggesting a collective reassessment of projections [1] - The correlation between earnings estimate revisions and short-term stock price performance is highlighted as a significant indicator for investor actions [1] Revenue Estimates - Analysts project 'Net Revenues- International' to reach $868.71 million, showing a substantial year-over-year decline of 44.8% [2] - 'Net Revenues- North America' is estimated at $4.88 billion, reflecting a decrease of 2.4% from the same quarter last year [2] EBITDA Estimates - 'Segment Adjusted EBITDA- North America' is expected to be $1.22 billion, down from $1.39 billion reported in the same quarter of the previous year [2] - 'Segment Adjusted EBITDA- International' is anticipated to be $124.16 million, a significant drop from $259 million reported in the same quarter last year [3] Stock Performance - Kraft Heinz shares have seen a change of +0.7% over the past month, compared to a +1.4% increase in the Zacks S&P 500 composite [3] - With a Zacks Rank of 4 (Sell), KHC is projected to underperform the overall market in the near future [3]

The Kraft Heinz Company (KHC) is likely to register a top-line decline when it reports third-quarter 2024 earnings on Oct. 30. The Zacks Consensus Estimate for revenues is pegged at $6.43 billion, suggesting a decrease of 2.2% from the prior-year quarter’s reported figure. However, the bottom line is likely to have increased year over year. The consensus mark for third-quarter earnings has remained unchanged in the past 30 days at 74 cents per share, indicating a rise of 2.8% from the figure reported in the ...

Following the Federal Reserve's recent 50-basis-point rate cut, markets have surged to new all-time highs. With this shift, investors may find it an ideal time to rebalance their portfolios, reducing heavy exposure to growth and tech stocks. In a lower-rate environment, dividend-paying stocks, particularly those with high yields, become increasingly appealing. Below are two high-yield stocks that analysts see as having upside potential. Get AT&T alerts: Kraft Heinz: Iconic Brands With a 4.52% Dividend Yield ...

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yie ...

The Kraft Heinz Company (KHC) is demonstrating resilience in a tough economic landscape thanks to its effective pricing strategies. In second-quarter 2024, KHC reported an adjusted gross profit of $2,296 million, up 2.5% year over year. The upside highlights the company's ability to maintain robust profit margins, even as inflationary pressures persist. With its adjusted gross margin expanding 210 basis points (bps) to 35.5%, the company is proving that it can navigate a challenging consumer environment whi ...

The Kraft Heinz Company (KHC) successfully implemented pricing strategies that have strengthened its performance and helped maintain robust profit margins despite ongoing inflationary pressures. The company continues to excel in its three key segments — Foodservice, Emerging Markets and U.S. Retail Grow platforms — despite challenges in the consumer environment. KHC is actively working on transforming its business to unlock its full potential and boost shareholder value. Let's delve deeper. Positive Perform ...

I t n t 115 1000 I I TE JHVEPhoto In the summer of last year, I believed that inflation was aiding Kraft Heinz (NASDAQ:KHC) with their reported revenues, yet negative volume trends were concerning. Amidst these trends, the outlook for 2023 was uncertain, yet the elevated pace of divestments was a thing of the past, with leverage rapidly under control. While the company returned to growth, this was entirely driven by pricing and inflation, with underlying volume trends being concerning. Over the past year, K ...