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The stock trades at just 9.3 times adjusted earnings today, and the 5.6% dividend yield is one of the highest figures in the S&P 500 index. Kraft Heinz is a turnaround story in progress. Kraft ...
Kraft Heinz (NASDAQ:KHC), the global food and beverage company behind iconic brands like Kraft, Heinz, and Oscar Mayer, released its fourth-quarter results on February 12, 2025. The company ...
Kraft Foods Group, Inc. was an American food manufacturing and processing conglomerate, [2] split from Kraft Foods Inc. on October 1, 2012, and was headquartered in Chicago, Illinois. It became part of Kraft Heinz on July 2, 2015 after merging with Heinz . [ 3 ]
The Oscar Mayer Company is an American meat and cold cut production company, owned by Kraft Foods. They entered the turkey business by purchasing Louis Rich and Co. in the early 1980s. They entered the turkey business by purchasing Louis Rich and Co. in the early 1980s.
In 1981, Oscar Mayer stockholders elected to sell the company to General Foods. [5] Four years later, Philip Morris acquired General Foods, and in 1989 merged General Foods with the newly acquired Kraft Foods transforming it into Kraft General foods. Shares of Kraft Foods were first offered to the public via an initial public offering in 2001 ...
Image source: Getty Images. Kraft Heinz owns some truly iconic brands, too, including its two namesakes and the likes of Velveeta, Oscar Mayer, and Lunchables, among others.
Kraft Heinz also announced that they cut their dividend from 62.5 cents a share to 40 cents. [56] The company also announced a goodwill impairment charge that wrote down the value of the company's Kraft and Oscar Mayer brands of $15.4 billion in the fourth quarter, which resulted in a net loss of $12.61 billion. [57]