Report
Erin Lash
EUR 100.00 For Business Accounts Only

Kraft Heinz Shakes Up Its Executive Ranks as It Works to Sauce Up Sales Gains; Shares Attractive

Still reeling from a rash of unfavorable headlines that came to light during its fourth-quarter earnings announcement two months ago surrounding a profit contraction, an SEC investigation into its procurement accounting, and a reduction in its quarterly dividend to $0.40 per share from $0.625, no-moat Kraft Heinz announced its CEO Bernardo Hess would be stepping down from the top spot to return to 3G Capital (which acquired Heinz in 2013, orchestrated the merger between Kraft and Heinz in 2015, ...
Underlying
Kraft Heinz Company

Kraft Heinz is a food and beverage company. The company manufactures and markets food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee, and other grocery products throughout the world. The company has three reportable segments defined by geographic region: United States, Canada, and Europe, Middle East, and Africa. The company's remaining businesses are combined and disclosed as Rest of World. Rest of World comprises two operating segments: Latin America and Asia Pacific.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Erin Lash

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch