THE KRAFT HEINZ COMPANY

(KHC)
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Delayed Nasdaq  -  04:00 2022-08-12 pm EDT
38.67 USD   -0.15%
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The Kraft Heinz Company Receives Notice of Partial Stock Distribution by 3G Capital

05/26/2022 | 09:08am EDT

The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) received notice that funds affiliated with 3G Capital (“3G”), the Company’s second largest stockholder, have distributed approximately 88 million shares of Kraft Heinz common stock to external investors in its funds.

The notice also indicated that following the distribution, 3G’s co-founders and partners would continue to hold approximately 7.9% of the Company through 3G funds and that the remaining shares held by the 3G funds are subject to a voluntary 60-day lock-up.

“3G has been a valued partner through a series of milestones that have transformed and strengthened the Company’s business and market position over the last several years,” said Miguel Patricio, Chief Executive Officer and Chair of the Board of Kraft Heinz. “We look forward to continuing to work with 3G as well as Berkshire Hathaway, our largest investor.”

About The Kraft Heinz Company

We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Let's Make Life Delicious. Consumers are at the center of everything we do. With 2021 net sales of approximately $26 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of six consumer-driven product platforms. As global citizens, we're dedicated to making a sustainable, ethical impact while helping feed the world in healthy, responsible ways. Learn more about our journey by visiting www.kraftheinzcompany.com or following us on LinkedIn and Twitter.

Forward-Looking Statements

This press release contains a number of forward-looking statements. Words such as “continue,” “will,” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These statements are not historical facts and are based on Kraft Heinz’s current beliefs, expectations, estimates, and projections. These forward-looking statements are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Kraft Heinz’s control, which could cause actual results to differ materially from those indicated in the forward-looking statements. Those factors include, but are not limited to, the risk factors set forth in Kraft Heinz’s filings with the Securities and Exchange Commission, including Kraft Heinz’s most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Kraft Heinz disclaims and does not undertake any obligation to update, revise, or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation.


© Business Wire 2022
All news about THE KRAFT HEINZ COMPANY
08/12KRAFT HEINZ : voluntary recall of select Capri Sun Wild Cherry Flavored Juice Drink
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08/08Berkshire Hathaway boosts Occidental Petroleum stake above 20%
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Financials (USD)
Sales 2022 26 004 M - -
Net income 2022 3 246 M - -
Net Debt 2022 18 123 M - -
P/E ratio 2022 15,5x
Yield 2022 4,13%
Capitalization 47 388 M 47 388 M -
EV / Sales 2022 2,52x
EV / Sales 2023 2,47x
Nbr of Employees 36 000
Free-Float 63,0%
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 20
Last Close Price 38,67 $
Average target price 42,82 $
Spread / Average Target 10,7%
EPS Revisions
Managers and Directors
Miguel Patricio Chairman & Chief Executive Officer
Andre Maciel Global Chief Financial Officer & Executive VP
Gregory Edward Abel Independent Director
John Charles Pope Lead Independent Director
Tim J. Kenesey Independent Director
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