Widely admired investment genius Warren Buffett, CEO of Berkshire Hathaway, has a reputation as a long-term investor. And he's held onto Berkshire's position in The Kraft Heinz Company (KHC 0.28%) despite the stock's underperformce for years.Buffett bought H.J. Heinz in 2013 and merged it with Kraft Foods two years later. The new company initially traded at $71, but is changing hands at just $35 today. Berkshire Hathaway's stake is worth 26.8% of Kraft Heinz. So is Buffett just bag-holding, or is there a lo ...

PITTSBURGH & CHICAGO--(BUSINESS WIRE)--Today, The Kraft Heinz Not Company LLC debuted NotHotDogs and NotSausages, the first ever plant-based Oscar Mayer offerings and the first plant-based meat innovation from the joint venture between The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz”) and TheNotCompany, Inc. (“NotCo”). With its mission to create mouthwatering plant-based foods for all, The Kraft Heinz Not Company’s Oscar Mayer NotHotDogs and NotSausages offer the savory and smoky experience that brand f ...

The Kraft Heinz Company (NASDAQ:KHC) Consumer Analyst Group of New York (CAGNY) Conference Transcript February 21, 2024 11:00 AM ET Executives Carlos Abrams-Rivera - Chief Executive Officer Andre Maciel - Chief Financial Officer Analysts Andrew Lazar - Conference Chair, CAGNY, Barclays Andrew Lazar If we could find our seats, we’ll kick off our next presentation. Kraft Heinz will be our next company to present. And first off, please join me in thanking Kraft Heinz for the delicious lunch today and the tater ...

PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) will present today at the 2024 Consumer Analyst Group of New York (CAGNY) Conference. CEO Carlos Abrams-Rivera and Global Chief Financial Officer Andre Maciel will discuss how the Company plans to deliver on its goal to generate consistent top-tier stockholder returns by being the leader in elevating and creating food that makes you feel good. The Company plans to deliver its long-term growth throu ...

JHVEPhoto Introduction The consumer staples sector is an interesting one, especially during times of economic and business uncertainty. Consumer staples companies offer low-volatility options as investors seek less volatile and cyclical investments. These companies, known for their stability during economic cycles, present opportunities for investors, especially when leading ones suffer from a broad market sell-off. One company in the sector is Kraft Heinz (NASDAQ:KHC), which is trading for a low valuat ...

NurPhoto/NurPhoto via Getty Images Overview I always wanted to like Kraft Heinz as an investment, since I've personally purchased and consumed many of their food products throughout my life. I frequently view Warren Buffett's portfolio and see that he's been involved with Kraft since 2015. In addition, I know how Warren Buffett values dividends. It was always lost on me though how he's stuck with Kraft through all the poor price performance and lack of dividend growth. Unfortunately, I do not think Kraft is ...

New gift sets from PEEPS® and Kellogg's® Rice Krispies® candy hit retailer shelves nationwide this seasonPHILADELPHIA, Feb. 15, 2024 /PRNewswire/ -- Frankford Candy, the leader in manufacturing and marketing licensed confections and gifts, introduces five all-new goodies to the candy aisle this Easter, featuring two new PEEPS® Brand treat sets, a Kellogg's® Rice Krispies® Strawberry Bunny, Dunkin'® Assorted Donut-Flavor-Filled Chocolate Eggs and Claussen® Pickles Jelly Beans. Frankford Candy, the leader ...

For the quarter ended December 2023, Kraft Heinz (KHC) reported revenue of $6.86 billion, down 7.1% over the same period last year. EPS came in at $0.78, compared to $0.85 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $6.97 billion, representing a surprise of -1.60%. The company delivered an EPS surprise of +1.30%, with the consensus EPS estimate being $0.77.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

From dollar store shoppers to wealthier club store members, consumers are seeking value.So said Kraft Heinz CEO Carlos Abrams-Rivera, addressing his company’s 7.1% quarterly sales drop during an earnings call Wednesday (Feb. 14). Speaking with analysts, the chief executive said company data shows “that regardless of the income levels, consumers are looking for value and they continue to be under pressure.”“And what we see is low-income consumers are actually shopping more at places like dollar stores, highe ...

Shares of consumer-staples giant Kraft Heinz (KHC -5.89%) dropped on Wednesday after the company reported results for the fourth quarter. The company's brands are well known and popular, but sales volume nonetheless fell in 2023, disappointing investors. As of 11:30 a.m. ET, Kraft Heinz stock was down about 6%.An all-too-familiar storyKraft Heinz disappointed the market with its top-line results. The company's 2023 net sales were up 0.6%, but this was due to its price hikes. By contrast, its sales volume an ...