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For the fiscal year 2017, Kraft Heinz reported earnings of US$ 11.0 billion, with annual revenue of US$ 26.2 billion, a decline of 0.6% over the previous fiscal cycle. Kraft Heinz's shares traded at over $61 per share, and its market capitalization was valued at over US$ 136 billion in September 2018. [52]
That said, Kraft Heinz has a 4.4% dividend yield, which is notably above the 2.8% or so average for the consumer staples space. More aggressive investors might decide that the risk/reward balance ...
In August 2011, the company announced plans to split into a North American grocery products business and a faster-growing global snacks company. [8] The snack company, Mondelez International Inc. is recognized as the old Kraft Foods Inc.'s legal successor, while the grocery company was named Kraft Foods, [9] [10] now a part of Kraft Heinz. [11]
Kraft Heinz is 20% below its three-year high, while Hershey is around 25% below its three-year peak. ... In the end, cost cutting is a hard way to grow a business. Kraft Heinz had to shift gears ...
For the fiscal year 2017, Mondelēz International reported earnings of US$2.922 billion, with an annual revenue of US$25.896 billion, a decline of 0.1% over the previous fiscal cycle. [50] Mondelēz International's shares traded at over $42 per share, and its market capitalization was valued at over US$58.8 billion in October 2018. [ 50 ]
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US Foods Holding Corp. US Foods Holding Corp. (formerly known as U.S. Food service) is an American food service distributor founded in 1989. With approximately $24 billion in annual revenue, [4] US Foods was the 10th largest private company in the US up until its IPO. Many of the entities that make up US Foods were founded in the 19th century ...
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 ...