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On February 11, 2021, Kraft Heinz announced its Q4 2020 and full-year results, resulting in 6.2 percent increased sales and over $26 billion in revenue. [44] The same day, Kraft Heinz announced their plans to sell its nuts business, including the Planters brand to Hormel for $3.35 billion. [45] The transaction was completed on June 7. [46]
October 19, 2022 [5] $11.6 billion [6] Included Alleghany subsidiary Kentucky Trailer, which designs and manufacturers trailers. AltaLink. Electric Transmission. 92%. December 1, 2014 [7] C$3.24 Billion [8] A subsidiary of Berkshire Hathaway Energy.
One of the final black eyes came in February 2019, when Kraft Heinz took a $15.4 billion write-down on its Oscar Mayer cold cuts, natural cheese, and Canadian retail businesses. Shares crashed ...
4. Kraft Heinz has a low valuation and a high dividend yield. At $35, Kraft Heinz stock trades at just 12 times the midpoint of this year's earnings. In comparison, its industry peers General ...
In December 2020, Perella advised Northrop Grumman on the sale of its Federal IT and Mission Support Services Business to Veritas Capital for $3.4 billion. [28] In February 2021, Perella was the exclusive financial advisor to Kraft Heinz in connection with the sale of its Planters brand to Hormel Foods for $3.35 billion. [29]
Kraft, whose brands include Philadelphia Cream Cheese and Heinz ketchup, said it raised prices by 3.8 percentage points in the fourth quarter when demand for its products was also robust.
Kraft Foods Inc. (/ ˈ k r æ f t /) was a multinational confectionery, food and beverage conglomerate. [4] It marketed many brands in more than 170 countries. Twelve of its brands annually earned more than $1 billion worldwide: Cadbury, Jacobs, Kraft, LU, Maxwell House, Milka, Nabisco, Oreo, Oscar Mayer, Philadelphia, Trident, and Tang. [5]
KHC Dividend Yield data by YCharts. The other metric that stands out is the company's price-to-earnings (P/E) ratio, trading at approximately 11.5 times the 2024 consensus EPS of $3.03.